AMERICAN ELECTRIC POWER CO INC (AEP) Form 8-K — Sep 30, 2026
AEP disclosed that Alicia Knapp, President Nuclear Development, left the company involuntarily on September 29, 2026. Her separation triggers Executive Severance Plan benefits, including one times salary and target annual incentive compensation and prorated vesting of performance shares and RSUs, contingent on signing a severance and release agreement with a one-year noncompete.
Key figures
- Severance multiple
- 1x salary and target annual incentive compensation
- Noncompete duration
- one year
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