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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Other recent filings from the company include the following:
American Electric Power: Regulation Fd Disclosure - March 3, 2014
American Electric Power: Departure Of Directors Or Principal Officers; Election Of Directors; Appointment Of Principal Officers - March 3, 2014