AEP (NYSE: AEP) director receives new phantom stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Linginfelter Henry P reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN ELECTRIC POWER CO INC director Henry P. Linginfelter received a grant of phantom stock units tied to 324 shares of common stock. The award is recorded at an AEP stock price of $131.08 per share and increases his phantom stock unit balance to 3,684 units.
These stock units are paid in cash or shares when his board service ends, unless he has elected to defer payment so that it begins no later than five years after termination of service. This is a compensation-related grant, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Linginfelter Henry P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $131.08 | -- |
Holdings After Transaction:
Phantom Stock Units — 3,684 shares (Direct)
Footnotes (1)
- Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter. Was AEP Stock Price at the time of the transaction.
Key Figures
Underlying shares: 324 shares
Reference stock price: $131.08 per share
Phantom stock units after grant: 3,684 units
+1 more
4 metrics
Underlying shares
324 shares
Common stock underlying newly granted phantom stock units
Reference stock price
$131.08 per share
AEP stock price at time of phantom unit grant
Phantom stock units after grant
3,684 units
Total phantom stock units held following the reported transaction
Conversion or exercise price
$0.00
Conversion/exercise price for the phantom stock units reported
Key Terms
Phantom Stock Units, Stock Units, defer payment, Common Stock
4 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Stock Units financial
"Stock Units are paid to the director in cash or shares upon termination of service"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
defer payment financial
"unless the director has elected to defer payment for a period"
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Henry P. Linginfelter report in this AEP (AEP) Form 4 filing?
Henry P. Linginfelter reported receiving a grant of phantom stock units linked to 324 AEP common shares. The units are a form of deferred compensation, increasing his total phantom stock unit balance to 3,684, rather than reflecting an open-market stock purchase or sale.
At what price were Henry P. Linginfelter’s AEP phantom stock units valued?
The phantom stock units are valued using an AEP stock price of $131.08 at the time of the transaction. This price serves as the reference value for the grant, helping determine the notional value of the award tied to AEP common stock performance.
What is Henry P. Linginfelter’s total phantom stock unit balance at AEP after this grant?
After the reported grant, Henry P. Linginfelter holds a total of 3,684 phantom stock units. These units represent deferred compensation linked to AEP’s share price, payable in cash or shares when his board service ends or after an elected deferral period.
When will Henry P. Linginfelter receive payment for his AEP phantom stock units?
Payment for the phantom stock units is made in cash or shares when Linginfelter’s service as a director ends, unless he elects to defer. Any deferral must result in payment beginning no later than five years after his termination of service on the board.
Does this AEP Form 4 show Henry P. Linginfelter buying or selling AEP stock on the market?
No, the filing reflects a grant of phantom stock units as compensation, not an open-market trade. The units track AEP’s stock price and are settled in cash or shares later, so the transaction does not represent a traditional stock purchase or sale.