secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K/A
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000004904-22-000129
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AEP discloses CEO and Executive Chair compensation for Jan 1, 2023 transition
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- Julia Sloat to become CEO Jan 1, 2023; base salary of $1.2M and annual LTI grant of $8M.
- Sloat's target annual incentive is 140% of base salary; LTI mix 75% performance shares, 25% RSUs.
- Nicholas Akins to become Executive Chair Jan 1, 2023; base salary of $1.15M and annual LTI grant of $2M in RSUs.
- Akins' RSUs vest ratably over three years with dividend credits; target annual incentive 135% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490422000129/0000004904-22-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490422000129/aep-20220805.htm
  HTML page:      https://secwatch.observer/filing/0000004904-22-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer