AEP Insider Filing: Von Thaer Adds 377 Phantom Units, Ownership Rises to 7,144

Rhea-AI Filing Summary

Lewis Von Thaer, a director of American Electric Power (AEP), acquired 377 phantom stock units on 09/30/2025 that mirror common stock. The filing shows the units were reported as an acquisition and are tied to 377 underlying shares with an indicated AEP stock price of $112.50 at the time of the transaction. After the reported transaction, the reporting person beneficially owned 7,144 shares of AEP on a direct basis.

The filing notes that these stock units are paid in cash or shares upon termination of service unless the director elected deferred payment within permitted limits. The Form 4 was signed by an attorney-in-fact and filed regarding a single reporting person who is a director.

Positive

• Director equity alignment: 377 phantom stock units granted, linking director compensation to AEP share performance
• Clear disclosure: Filing reports transaction date (09/30/2025), underlying shares (377) and resulting direct ownership (7,144)

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received a standard deferred/phantom equity grant representing 377 underlying shares; ownership increased to 7,144 shares.

This Form 4 documents a routine director compensation event: acquisition of 377 phantom stock units dated 09/30/2025, recorded at an indicated per-share price of $112.50. Such units typically align director incentives with shareholder value without immediate share issuance. The reportable increase to 7,144 directly owned shares is material only to disclosure of insider holdings; the transaction itself does not indicate cash proceeds or sale activity. Impact on share count and dilution is negligible from a single director phantom-unit grant, and no derivative exercisability or expiration terms beyond the payment-upon-termination note are provided in the filing.

Corporate Governance Expert

TL;DR: Compensation-related phantom units granted to a director, consistent with standard board pay practices; disclosure meets Section 16 requirements.

The filing identifies Lewis Von Thaer as a director and reports the acquisition of phantom stock units that convert to cash or shares upon termination unless deferred. This structure is commonly used to align director interests with long-term performance while managing immediate dilution. The Form 4 shows clear reporting of ownership post-transaction and includes the customary explanatory remark on payout mechanics. No departure from typical governance or compensation disclosure norms is evident in the document.

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^*

Von Thaer Lewis

(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)	7,144	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 Lewis Von Thaer	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 did Lewis Von Thaer report on AEP Form 4 (AEP)?

The director reported the acquisition of 377 phantom stock units on 09/30/2025, tied to 377 underlying common shares.

How many AEP shares does Lewis Von Thaer own after this transaction?

The Form 4 discloses 7,144 shares beneficially owned following the reported transaction.

At what price were the units reported for AEP on the Form 4?

The filing indicates an AEP stock price of $112.50 at the time of the reported transaction.

When was the Form 4 for Lewis Von Thaer filed and signed?

The transaction is dated 09/30/2025 and the Form 4 bears a signature dated 10/02/2025 by an attorney-in-fact.

What are the payout terms for the phantom stock units reported?

The filing states units are paid in cash or shares upon termination unless the director elected deferred payment within permitted limits.