[Form 4] AMERICAN ELECTRIC POWER CO INC Insider Trading Activity

Rhea-AI Filing Summary

Margaret M. McCarthy, a director of American Electric Power Company, Inc. (AEP), reported acquisition of 377 phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors on 09/30/2025. Each phantom stock unit corresponds to the cash value of one share of AEP common stock and was valued at $112.50 per share at the time of the transaction. The filing shows the reporting person beneficially owns 2,592 shares following the reported transaction. Phantom stock units are payable in cash or shares following termination of Board service, and may be transferred into an alternative investment account at any time. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Insights

Corporate Governance Expert

TL;DR: Director received deferred compensation in the form of 377 phantom stock units, consistent with non-employee director plans.

The transaction reflects routine director compensation under AEP's non-employee director stock unit plan rather than an open-market purchase or sale of shares. Phantom units are a deferred cash-or-stock award tied to AEP common stock value and vest/payable upon termination of board service per the plan terms disclosed. The filing does not indicate any change in control events, accelerated vesting, or transfers outside plan provisions.

Securities Analyst

TL;DR: The Form 4 reports a non-derivative award valued at $112.50 per unit totaling 377 phantom units; impact on share count is indirect.

This disclosure documents compensation-related phantom stock units rather than a direct equity issuance to the public markets. The underlying economic exposure is equivalent to 377 shares at the reported price but is payable in cash or shares upon termination. The filing shows the director now beneficially owns 2,592 shares in total. There is no information in the filing about immediate market transactions or dilution implications beyond plan mechanics.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

McCarthy Margaret M

(Last) (First) (Middle)

1 RIVERSIDE PLAZA

(Street)

COLUMBUS OH 43215

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN ELECTRIC POWER CO INC [ AEP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units(1)	$0	09/30/2025		A		377(1)		(2)	(2)	Common Stock	377(1)	$112.5(3)	2,592	D

Explanation of Responses:

1. Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

2. Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

3. Was AEP Stock Price at the time of the transaction.

Remarks:

	/s/ David C. House, Attorney-in-Fact for Margaret M McCarthy	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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