8-KItem 5.02 · Officer/Director Change
AEP grants CEO William J.
Filed with the SEC on · Summarized by InvestorsBot
AEP grants CEO William J. Fehrman a special equity award: $10M in performance shares + $5M in restricted stock units; both contingent on continuous employment through Dec 31, 2030. Approved Dec 18, 2025. $AEP 💼📅 #Compensation #Governance
The $10M performance tranche vests based on average relative TSR across 2026–2030; rTSR measured annually (year close → 20‑day year‑end avg). Payout scale 0%–200% (20th to 80th percentile). $AEP 📈 #Shareholders #rTSR
The $5M RSUs vest only on Dec 31, 2030, subject to continuous employment. Company frames award as retention and pay-for-performance alignment — investors should note long time horizon and potential dilution. $AEP 🔒 #Compensation #Investing