AEP grants CEO Fehrman $15 million in special equity awards vesting in 2030
AEP's Board granted Chair, President and CEO William J. Fehrman a special equity award on December 18, 2025, as part of its retention strategy and to further align his pay with company performance. The award totals $15 million: $10 million in performance shares and $5 million in restricted stock units, both tied to continued employment through December 31, 2030.
Key points
- Performance shares worth $10,000,000 vest after continued employment through December 31, 2030, based on five years of average relative total shareholder return.
- Performance score ranges from 0% to 200%, based on rTSR between the 20th and 80th percentiles against peers.
- Restricted stock units worth $5,000,000 vest on December 31, 2030, subject to continued employment.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 19, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.