American Electric Power Company Inc. filed SEC Form 8-K: Leadership Update
$AEP
Electric Utilities: Central
Utilities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 18, 2025, the Board of Directors ("Board") of American Electric Power Company, Inc. ("AEP") granted a special equity award to William J. Fehrman, AEP’s Chair, President and Chief Executive Officer, as part of AEP's retention strategy and to promote further alignment between Mr. Fehrman’s compensation and Company performance.
1.$10,000,000 in performance shares that will vest, provided that Mr. Fehrman remains continuously employed by AEP through December 31, 2030. The number of shares that vest is based on the average relative total shareholder return ("rTSR") for each of the five years in the above period. rTSR will be measured from the close price of AEP and peer company common stock on the last business day of the prior year through the 20-day average closing price as of the last business day of the year or period. The performance score will range from 0% to 200% based on rTSR performance from the 20th percentile to the 80th percentile, respectively; and
2.$5,000,000 restricted stock units that will vest, subject to his continuous AEP employment, on December 31, 2030.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AMERICAN ELECTRIC POWER COMPANY, INC. | ||||||||
| By: | /s/ David C. House | |||||||
| Name: | David C. House | |||||||
| Title: | Assistant Secretary | |||||||
December 19, 2025