AEP insider filing: 40,898 shares sold; 377 phantom units added

Rhea-AI Filing Summary

Benjamin G.S. Fowke III, a director of American Electric Power Co., reported transactions dated 09/30/2025. He recorded dispositions of 40,898 shares of common stock and an additional 2,320 common shares tied to a deferred retainer. On the same date he acquired 377 phantom stock units under the director plan; those units represent 377 underlying shares and were recorded at the AEP share price of $112.50. The filing explains the 2,320-item relates to deferring a $40,000 quarterly cash retainer into the AEP Stock Fund and notes phantom units are paid in cash or shares on termination or after elected deferral. The form is signed by an attorney-in-fact on 10/02/2025.

Positive

• Deferred compensation into stock indicating alignment of director pay with shareholder interests
• Receipt of 377 phantom stock units under the director plan, providing future-value linkage to company shares
• Clear disclosure of plan mechanics and price ($112.50) for the phantom units

Negative

• Material share dispositions reported: 40,898 shares and 2,320 shares were disposed of on 09/30/2025
• Director's beneficial ownership reduced following the reported disposals (per Form 4 lines)

Insights

Corporate Governance Expert

Director deferred compensation into company stock and reported routine share dispositions; disclosures are standard for non-employee directors.

The Form 4 shows a director-level decision to defer a $40,000 quarterly retainer into the AEP Stock Fund, converting cash compensation into stock units, which aligns director pay with shareholder outcomes. The report also records significant share dispositions (40,898 and 2,320 shares) on 09/30/2025 and acquisition of 377 phantom units tied to the director plan. Documentation of payment timing and the plan's election mechanics is provided, and the filing appears complete and properly executed by an attorney-in-fact.

Securities Analyst

Insider trading activity is transactional and administrative in nature; it is informational but not materially transformative.

The filing quantifies the movements: two disposals of common stock and an accrual of 377 phantom units priced at $112.50 per share. The 2,320-item is specifically tied to a $40,000 retainer deferred into the AEP Stock Fund, clarifying compensation treatment. These entries are transactional disclosures required under Section 16 and supply useful ownership updates but contain no forward-looking operational or financial metrics.

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

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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^*

FOWKE BENJAMIN G S III

(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
Common Stock								40,898	D
Common Stock(1)								2,320	D

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		(2)	(2)	Common Stock	377	$112.5(3)	5,922	D

Explanation of Responses:

1. The reporting director deferred the receipt of his $40,000 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting director may transfer amounts in the AEP Stock Fund into an alternative investment at any time.

2. 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.

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

Remarks:

	/s/ David C. House, Attorney-in-Fact for Benjamin G.S. Fowke III	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.
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FAQ

What did AEP director Benjamin G.S. Fowke III report on Form 4 (AEP)?

The Form 4 reports dispositions of 40,898 common shares and 2,320 common shares and acquisition of 377 phantom stock units, dated 09/30/2025.

Why were 2,320 common shares reported as disposed by the director?

The filing explains the director deferred a $40,000 quarterly cash retainer into the AEP Stock Fund under the non-employee director accumulation plan, which is shown as related to the 2,320 entry.

What are the phantom stock units reported on the Form 4 and their value?

The director acquired 377 phantom stock units on 09/30/2025; they represent 377 underlying common shares and were recorded at the AEP stock price of $112.50.

When will phantom stock units be paid out to the director?

The filing states stock units are paid in cash or shares upon termination of service unless the director elected deferral, in which case payment commences no later than five years thereafter.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by David C. House, Attorney-in-Fact for Benjamin G.S. Fowke III on 10/02/2025.