American Electric Power said nuclear development president left on September 29, 2026
American Electric Power said Alicia Knapp, President Nuclear Development, left the Company on September 29, 2026. The Company reported the departure in a filing on 2026-09-30.
What happened
American Electric Power filed Form 8-K with the SEC on 2026-09-30. The filing reported Item 5.02 Departure of Directors or Certain Officers.
On September 29, 2026, Alicia Knapp, President Nuclear Development of American Electric Power, left the Company. According to the company, her separation was involuntary.
That filing was the standard document companies used to report important corporate events. That section was used for changes involving senior leaders.
Severance plan set pay terms tied to signed agreement
Ms. Knapp's involuntary separation triggered benefits under the Company's Executive Severance Plan if she entered a severance, release of all claims, and noncompetition agreement with the Company. Under the plan, the Company would provide one times her current salary and target annual incentive compensation, with prorated vesting of performance shares and restricted stock units.
For investors, the terms mattered because they defined the cost and structure of the departure. The payment was conditional, so the signed agreement determined whether these benefits applied. Performance shares and restricted stock units were forms of equity pay that could vest over time.
Knapp held senior role focused on nuclear development
Ms. Knapp served as President Nuclear Development. Her departure was reported as an involuntary separation linked to the Company's Executive Severance Plan.
An executive severance plan set the payments and conditions that applied when a senior leader left. That framework showed which rules governed this change.