AEP Insider Filing: Director Adds 377 Shares via Phantom Unit Settlement

Rhea-AI Filing Summary

Gary Hunter Clark, an AEP director, reported a transaction dated 09/30/2025 converting 377 phantom stock units into 377 shares of AEP common stock at an indicated price of $112.50 per share. Following the reported transaction, the filing shows Mr. Clark beneficially owns 2,943 shares of AEP directly. The filing notes that phantom stock units may be paid in cash or shares on termination of service unless the director elected deferred payment within a five-year window. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/02/2025.

Positive

• Director increased direct ownership to 2,943 shares, strengthening alignment with shareholders
• Transparent reporting of phantom unit settlement and payment mechanics, fulfilling Section 16 disclosure

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director compensation conversion increases insider ownership modestly; not material to company fundamentals.

The report documents a standard conversion of 377 phantom stock units into 377 shares, raising the director's direct beneficial ownership to 2,943 shares. The transaction appears to reflect normal director compensation mechanics rather than open-market trading. The disclosed $112.50 price matches the reported stock price at transaction, indicating units were settled based on contemporaneous equity value. For investors, this is a governance/compensation disclosure with limited direct impact on AEP's capital structure or liquidity.

Corporate Governance Expert

TL;DR: Typical director settlement of deferred compensation; supports alignment with shareholders but not a material corporate event.

This Form 4 shows a director-level settlement of phantom stock units that are payable in cash or shares on termination unless deferred. The disclosure is consistent with customary deferred-compensation arrangements for board members and confirms the director increased his direct stake to 2,943 shares. The filing was executed by an attorney-in-fact and contains the required explanation of payment mechanics, satisfying Section 16 reporting requirements.

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).

1. Name and Address of Reporting Person^*

GARY HUNTER CLARK

(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 Hunter C. Gary	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 transaction did AEP director Gary Hunter Clark report on Form 4?

The filing reports conversion of 377 phantom stock units into 377 shares of AEP common stock on 09/30/2025.

How many AEP shares does Gary Hunter Clark beneficially own after the reported transaction?

The Form 4 shows he beneficially owns 2,943 shares following the transaction.

At what price were the phantom units settled according to the Form 4?

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

When was the Form 4 for this transaction signed and filed?

The Form 4 was signed by an attorney-in-fact on 10/02/2025 and reports a transaction date of 09/30/2025.

What does the filing say about how phantom stock units are paid?

It states phantom stock units are paid in cash or shares upon termination unless the director elected deferred payment that starts within five years.