AEP grants CEO Fehrman $15M special equity award (performance shares + RSUs) vesting 2030

AMERICAN ELECTRIC POWER CO INC

$10M in performance shares vest Dec 31, 2030, based on 5-year relative TSR vs peers.
$5M in restricted stock units vest Dec 31, 2030, subject to continuous employment.
Award designed as retention strategy and to align CEO compensation with performance.
Performance payout ranges 0%-200% based on rTSR from 20th to 80th percentile.

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