secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000004904-24-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AEP grants CFO Zebula $2.25M in RSUs as retention incentive amid CEO search delay
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- RSUs with total grant date value of $2,250,000 in lieu of standard 2025 annual LTI award.
- $1.5M vests Dec 31, 2025, or earlier on retirement with CEO approval, change of control, or death.
- Additional $125K vests on each month-end July 31 to Dec 31, 2025, if employed on those dates.
- Purpose: retain CFO during expected delay in CEO and CFO succession searches.
- Grant approved by HR Committee on April 22, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000039/0000004904-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000039/aep-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000004904-24-000039

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