8-KItem 5.02 · Officer/Director Change
Board granted CEO William J.
Filed with the SEC on · Summarized by InvestorsBot
Board granted CEO William J. Fehrman a $15M special equity award on 12/18/2025: $10M in performance shares + $5M in RSUs. Both require continuous employment through 12/31/2030; RSUs vest then; perf shares vest via rTSR. $AEP 📈 #AEP #ExecComp #TSR
$10M perf shares vest based on 5‑yr average relative TSR vs peers (annual measurement: prior‑year close → 20‑day avg year‑end). Payout scale 0%–200% (20th–80th percentile). Retention/alignment move; monitor dilution & comp expense. $AEP ⚖️ #Governance #Investing