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American Electric Power CO Executive Compensation (FY25)

AEP · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 29, 2026
233 figures on this page: 226 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
William Fehrman, Chair, President and Chief Executive Officer, received $36,601,524 in total compensation for fiscal 2025, and compared with the $13,257,022 reported for fiscal 2024, Fehrman's total was 176.1% higher. The company reported a chief executive pay ratio of 261:1 for fiscal 2025, against median employee compensation of $140,432. For fiscal 2025, shareholders backed the say-on-pay proposal with 82.5% of votes cast for or against in favor at the meeting held April 28, 2026. The disclosed peer group names 3M Company, CenterPoint Energy, Inc., Consolidated Edison, Inc., Constellation Energy Corporation and Delta Air Lines, Inc., among others.
Chief executive, fiscal 2025
◇
William Fehrman
Median of the other named officers
$5,465,229
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Fehrman: $13,257,022 → $36,601,524 (176.1% higher)
Say-on-pay support: 96.4% → 82.5% (13.9 points lower)
CEO pay ratio: 105:1 → 261:1 (148.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is American Electric Power CO's chief executive and what were they paid?
William Fehrman, Chair, President and Chief Executive Officer, received $36,601,524 in total compensation for fiscal 2025. Compared with the $13,257,022 reported for fiscal 2024, Fehrman's total was 176.1% higher.
What was American Electric Power CO's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 82.5% of votes cast for or against in favor at the meeting held April 28, 2026.
Which companies are in American Electric Power CO's peer group?
The disclosed peer group names 3M Company, CenterPoint Energy, Inc., Consolidated Edison, Inc., Constellation Energy Corporation and Delta Air Lines, Inc., among others. The TSR Peer Group includes Alliant Energy Corp, Ameren Corp, CMS Energy Corp, Evergy Inc and Pinnacle West Capital Corp, among others.
What is American Electric Power CO's chief executive pay ratio?
The company reported a chief executive pay ratio of 261:1 for fiscal 2025, against median employee compensation of $140,432.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julia Sloat
Chair of the Board, President and Chief Executive Officer
◇—◇—◇◇◇◇
Nicholas Akins
Former Executive Chair of the Board
Departed during or after this year
◇—◇—◇◇◇◇
Charles Zebula
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Ann Kelly
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇◇———◇◇
David Feinberg
Executive Vice President, General Counsel and Secretary
◇—◇—◇◇◇◇
Christian Beam
Executive Vice President - Energy Services
◇—◇—◇◇◇◇
Peggy Simmons
Executive Vice President - Utilities
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Fehrman
President and Chief Executive Officer
◇◇◇—◇—◇◇
Charles Zebula
Former Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Fehrman
Chair, President and Chief Executive Officer
◇◇◇—◇◇◇◇
Trevor Mihalik
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Douglas Cannon
President - AEP Transmission
◇◇◇—◇—◇◇
Robert Berntsen
Executive Vice President, General Counsel and Secretary
◇◇◇—◇—◇◇
Alicia Knapp
President - Nuclear Development
◇◇◇—◇—◇◇
Charles Zebula
Former Executive Vice President, Chief Financial Officer and Senior Advisor
Departed during or after this year
◇—◇——◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Charles E. ZebulaRSU◇——◇——◇
William J. FehrmanPSA◇—◇—◇—◇
William J. FehrmanRSU◇——◇——◇
William J. FehrmanRSU◇——◇——◇
William J. FehrmanPSA◇—◇—◇—◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Douglas CannonRSU◇◇——
PSU◇◇——
RSU◇◇——
Trevor MihalikPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
William FehrmanRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Robert BerntsenPSU◇◇——
RSU◇◇——
RSU◇◇——
Alicia KnappPSU◇◇——
RSU◇◇——
RSU◇◇——
Charles ZebulaPSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sara M. Tucker
Lead independent director
◇◇———◇◇
Art A. Garcia
◇◇———◇◇
Daniel G. Stoddard
◇◇———◇◇
Ben Fowke
◇◇———◇◇
Lewis Von Thaer
◇◇———◇◇
Sandra Beach Lin
◇◇———◇◇
Daryl Roberts
◇◇———◇◇
Hunter C. Gary
◇◇———◇◇
Margaret M. McCarthy
◇◇———◇◇
Henry P. Linginfelter
◇◇———◇◇
Joseph G. Sauvage
◇◇———◇◇
Donna A. James
◇◇———◇◇
William J. Fehrman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Nominating and governance chair◇
Equity is delivered as AEP Stock Units.
Stock ownership guideline: First five years of annual equity awards ($850,000 over 5 years)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • CenterPoint Energy, Inc. CNP
  • Consolidated Edison, Inc. ED
  • Constellation Energy Corporation CEG
  • Delta Air Lines, Inc. DAL
  • Dominion Energy, Inc. D
  • DTE Energy Company DTE
  • Duke Energy Corporation DUK
  • Edison International EIX
  • Entergy Corporation ETR
  • Eversource Energy ES
  • Exelon Corporation EXC
  • FirstEnergy Corp. FE
  • General Dynamics Corporation GD
  • NextEra Energy, Inc. NEE
  • Northrop Grumman Corporation NOC
  • PG&E Corporation PCG
  • PPL Corporation PPL
  • PSEG Incorporated symbol not shown
  • Sempra SRE
  • The AES Corporation AES
  • The Sherwin-Williams Company SHW
  • The Southern Company SO
  • Waste Management, Inc. WM
  • Xcel Energy Inc. XEL
TSR Peer Group
  • Alliant Energy Corp LNT
  • Ameren Corp AEE
  • CMS Energy Corp CMS
  • Evergy Inc EVRG
  • Pinnacle West Capital Corp PNW
  • Wisconsin Energy Corp WEC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023April 23, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 20, 2021=◇◇◇
2019April 21, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact American Electric Power CO disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American Electric Power CO sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
233 figures on this page: 226 cited to the filing that reported them, 7 calculated from figures it prints.
226 cited to the filing
7 calculated from the filing

Documents cited

  1. 0000004904-26-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000004904-26-000022
    2025 Director Compensation Table · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards for 2025 · and 2 more sections
  3. 0000004904-25-000055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000004904-25-000043
    Summary Compensation Table
  5. 0000004904-24-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000004904-24-000023
    SUMMARY COMPENSATION TABLE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 · Summary Compensation Table
  7. 0000004904-23-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000004904-22-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000004904-21-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000004904-20-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “American Electric Power CO executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/AEP (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers American Electric Power CO discloses

The companies named in AEP's own disclosed peer group.

3M CompanyCenterPoint Energy, Inc.Consolidated Edison, Inc.Constellation Energy CorporationDominion Energy, Inc.DTE Energy CompanyDuke Energy CorporationEdison InternationalEntergy CorporationEversource EnergyExelon CorporationFirstEnergy Corp.NextEra Energy, Inc.PG&E CorporationPPL CorporationSempraThe Sherwin-Williams CompanyThe Southern CompanyXcel Energy Inc.Alliant Energy CorpAmeren CorpCMS Energy CorpEvergy IncPinnacle West Capital Corp

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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