American Electric Power said January 6, 2025 it elected Trevor I. Mihalik as Executive Vice President and Chief Financial Officer, effective January 20, 2025. He will serve as the principal financial officer.

1. 01

   American Electric Power said January 6, 2025 it elected Trevor I. Mihalik as Executive Vice President and Chief Financial Officer, effective January 20, 2025. He will serve as the principal financial officer.

2. 02

   The company said Mihalik will receive an annual base salary of $975,000 and a 2025 short-term incentive of 95% of base salary. Its annual long-term incentive target is $3,800,000, consisting of performance shares at 75% and RSUs at 25%. He will also receive $1,500,000 in RSUs based on the closing price on his hire date.

3. 03

   The company said Mihalik, 58, served as Executive Vice President and Group President of Sempra from January 2024, and as Chief Financial Officer of Sempra from 2018 to 2023. It said there are no arrangements or understandings with any other person related to his appointment.

4. 04

   The company said Charles E. Zebula will resign as Chief Financial Officer effective January 19, 2025 and will serve as Senior Advisor to the Chief Executive Officer from January 20 until his expected retirement in March 2025. The 18,171.515 RSUs granted on April 22, 2024 will vest upon his retirement.

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Original filing

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