AEP director granted phantom stock units

LIN SANDRA BEACH reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

LIN SANDRA BEACH reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN ELECTRIC POWER CO INC director Sandra Beach Lin received a compensation-related grant of phantom stock units linked to AEP common stock. The award covers phantom stock units tied to 324 shares of common stock, at a reference AEP stock price of $131.08 per share.

After this grant, Lin holds 19,322 phantom stock units under the AEP Stock Plan. Each phantom stock unit represents the right to receive the cash value of one AEP common share, payable in cash or shares after she leaves the Board, and may be moved into an alternative investment account.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 1 txn

Insider LIN SANDRA BEACH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0	$131.08	$0.00

Holdings After Transaction: Phantom Stock Units — 19,322 contracts (Direct)

Footnotes (3)

1. F1. 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. F2. 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. F3. Was AEP Stock Price at the time of the transaction.

Key Figures

Underlying shares for new phantom units: 324 shares Reference stock price: $131.08 per share Phantom units after grant: 19,322 units +1 more

4 metrics

Underlying shares for new phantom units 324 shares Shares of AEP common stock underlying newly granted phantom stock units

Reference stock price $131.08 per share AEP stock price at time of phantom stock unit grant

Phantom units after grant 19,322 units Total phantom stock units held in AEP Stock Plan after transaction

Conversion price $0.00 Conversion or exercise price for phantom stock units

Key Terms

Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, phantom stock, AEP Stock Plan

4 terms

Phantom Stock Units financial

"security_title: "Phantom Stock Units""

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

AEP Stock Unit Accumulation Plan for Non-Employee Directors financial

"value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors"

phantom stock financial

"Each share of phantom stock represents the right to receive the cash value of one share"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

AEP Stock Plan financial

"Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AEP director Sandra Beach Lin report in this Form 4 filing for AEP?

Sandra Beach Lin reported receiving a grant of phantom stock units linked to 324 shares of AEP common stock. These units are part of her non-employee director compensation under the AEP Stock Unit Accumulation Plan and are not open-market share purchases or sales.

How many phantom stock units does Sandra Beach Lin hold after this AEP grant?

After the reported grant, Sandra Beach Lin holds 19,322 phantom stock units in the AEP Stock Plan. Each phantom unit tracks the value of one AEP common share and will be settled in cash or shares after her Board service ends, per plan terms.

What is a phantom stock unit in the context of AEP (AEP) director compensation?

A phantom stock unit represents the right to receive the cash value of one AEP common share. For AEP directors, these units accumulate under the Stock Unit Accumulation Plan and are generally payable in cash or shares after Board service terminates, aligning director compensation with shareholder value.

Was the AEP Form 4 transaction a market buy or sell of common stock?

No, the Form 4 shows a grant of phantom stock units, not a market buy or sell of AEP common stock. The transaction is coded as a grant/award acquisition tied to director compensation, rather than an open-market trade in AEP shares.

At what price were Sandra Beach Lin’s AEP phantom stock units valued in this transaction?

The phantom stock units were valued using an AEP stock price of $131.08 per share. This price reflects the AEP common stock price at the time of the transaction and is used to determine the value credited in the AEP Stock Plan account.

When will Sandra Beach Lin receive payment for her AEP phantom stock units?

The phantom stock units are generally payable after her service on the AEP Board ends. At that time, amounts are settled in cash or AEP shares in line with the AEP Stock Unit Accumulation Plan’s terms for non-employee directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 02:27 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LIN SANDRA BEACH

(Last) (First) (Middle)

1 RIVERSIDE PLAZA

(Street)

COLUMBUS OHIO 43215

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		0(1)		(2)	(2)	Common Stock	324(1)	$131.08(3)	19,322	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 Sandra Beach Lin	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)