AEP Insider Filing: Henry Linginfelter Adds 377 Shares via Phantom Unit Conversion

Rhea-AI Filing Summary

Henry P. Linginfelter, a director of American Electric Power Co. (AEP), received 377 phantom stock units that were converted into 377 shares of AEP common stock on 09/30/2025. After the transaction, Mr. Linginfelter beneficially owned 2,943 shares. The filing shows the phantom units were valued at $0 for the derivative instrument and the AEP stock price at the time of conversion was $112.50 per share, which is listed as the reference price for the underlying shares. The form indicates these director stock units are paid in cash or shares on termination unless the director elects deferred payment within five years.

Positive

• Director received equity through conversion of phantom units, increasing alignment with shareholders
• Clear disclosure of units converted and resulting beneficial ownership (377 shares added; 2,943 shares total)

Negative

• Transaction is small and not material to company capitalization or control
• No open-market purchase so the conversion should not be interpreted as external investor demand

Insights

Corporate Governance Expert

TL;DR: Routine director compensation conversion into common shares, modest ownership increase.

The filing documents a standard compensation event: phantom stock units granted to a director were converted into 377 common shares. This is a non-cash, non-transactional issuance tied to director pay rather than an open-market purchase or sale. The post-conversion holding of 2,943 shares is small relative to typical institutional stakes and does not indicate a material shift in control or incentive structure. Disclosure is consistent with Section 16 reporting requirements.

Securities Analyst

TL;DR: Neutral impact; conversion reflects routine equity compensation at $112.50 reference price.

The conversion of 377 phantom units into common stock at a referenced price of $112.50 increases the director's direct share count but is unlikely to affect market liquidity or valuation materially. There is no indication of sales or purchases in the open market; the instrument was settled per plan terms. Investors should view this as administrative compensation-related issuance rather than a trading signal.

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^*

Linginfelter Henry P

(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	$0	09/30/2025		A		377		(1)	(1)	Common Stock	377	$112.5(2)	2,943	D

Explanation of Responses:

1. Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

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

Remarks:

	/s/ David C. House, Attorney-in-Fact for Henry P. Linginfelter	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What change did Henry P. Linginfelter report in the AEP Form 4?

The filing reports conversion of 377 phantom stock units into 377 shares of AEP common stock on 09/30/2025, bringing his beneficial ownership to 2,943 shares.

Was the Form 4 transaction a market purchase or sale for AEP (ticker AEP)?

No. The filing shows a conversion of phantom stock units into common shares as director compensation, not an open-market trade.

What price is shown for the underlying AEP shares in the filing?

The filing lists a reference AEP stock price of $112.50 per share at the time of the transaction.

Does the Form 4 indicate ongoing deferred payment options for director units?

Yes. The document states director stock units are paid in cash or shares on termination unless the director elects to defer payment for up to five years.

How material is this Form 4 filing to AEP investors?

The filing represents a routine, modest compensation conversion and is rated as neutral in impact; the change is not material to company control or capitalization.