How Fehrman was paid
$36.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| William J. FehrmanPresident and Chief Executive Officer | $1,505,769 | $1,150,000 | $29,339,782 | $4,290,000 | $35,685 | $280,288 | $36,601,524 |
| Trevor I. MihalikExecutive Vice President and Chief Financial Officer | $930,000 | — | $10,883,680 | $1,525,000 | — | $142,619 | $13,481,299 |
| Douglas A. CannonPresident - AEP Transmission | $449,231 | $1,230,000 | $4,085,684 | $665,232 | — | $262,628 | $6,692,775 |
| Robert B. BerntsenExecutive Vice President, General Counsel, and Secretary | $378,462 | $1,187,000 | $3,305,432 | $492,200 | — | $102,135 | $5,465,229 |
| Alicia R. KnappPresident - Nuclear Development | $209,231 | $1,100,000 | $2,749,837 | $282,989 | — | $26,923 | $4,368,980 |
| Charles E. ZebulaFormer Executive Vice President and Chief Financial Officer | $147,789 | — | $123,307 | — | $151,984 | $133,916 | $556,996 |
What changed and why
- $36.6MWilliam J. Fehrman received total compensation of $36,601,524 for 2025 following his full year as CEO.
- $29.3MStock awards granted to William J. Fehrman totaled $29,339,782 in 2025.
- 96%Shareholders approved the previous say-on-pay proposal with approximately 96% support.
- The CEO to median employee pay ratio was calculated as 261 to 1 for 2025.
- The HR Committee made no specific changes to the executive compensation program following strong prior support.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.