President of American Electric Power Company was just granted 24,161 restricted shares

Nicholas K Akins, President of American Electric Power Company and a director of the company, just received 24,161 restricted shares from the company. The restricted shares don't become available to Akins until January 29, 2014. Akins now owns at least 94,885 restricted shares of the company.

Some additional info was provided as follows:

Performance Share units awarded pursuant to the AEP Long-Term Incentive Plan. The reporting person deferred the receipt of vested performance units (net of taxes) into Career Shares (phantom stock) in AEP's Stock Ownership Requirement Plan. The Career Shares become payable upon the reporting person's termination of employment with AEP. Each Career Share is the economic equivalent of one share of AEP common stock

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. American Electric Power Company next reports earnings on February 10, 2014.

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