AEP (AEP) director granted phantom stock units as deferred compensation

Rhea-AI Filing Summary

McCarthy Margaret M reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN ELECTRIC POWER CO INC director Margaret M. McCarthy received a compensation grant of phantom stock units linked to AEP common stock. The award covers 310 underlying shares at a reference price of $136.81 per share under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.

Each phantom stock unit represents the right to receive the cash value of one AEP share, payable in cash or shares after McCarthy leaves the Board. The phantom units may be reallocated into an alternative investment account within the AEP Stock Plan at any time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCarthy Margaret M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0	$136.81	--

Holdings After Transaction: Phantom Stock Units — 3,660 shares (Direct)

Footnotes (1)

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

Key Figures

Underlying shares in grant: 310 shares Reference stock price: $136.81 per share Phantom units after transaction: 3,660 units

3 metrics

Underlying shares in grant 310 shares Underlying AEP common stock for phantom units

Reference stock price $136.81 per share AEP stock price at time of transaction

Phantom units after transaction 3,660 units Total phantom stock units held directly after grant

Key Terms

Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, AEP Stock Plan, alternative investment account

4 terms

Phantom Stock Units financial

"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."

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

"Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors."

AEP Stock Plan financial

"Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors."

alternative investment account financial

"The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 02:03 PM Accepted by SEC EDGAR 07/01/2026 - 02:03 PM Learn about SEC filing dates

FAQ

What did AEP director Margaret M. McCarthy report in this Form 4 for AEP?

McCarthy reported a grant of phantom stock units tied to 310 underlying AEP common shares at a reference price of $136.81 per share. These units are part of the AEP Stock Unit Accumulation Plan for Non-Employee Directors and represent deferred compensation value.

Is the AEP Form 4 for Margaret M. McCarthy a stock purchase or sale?

The Form 4 reflects a grant/award acquisition of phantom stock units, not an open-market stock purchase or sale. It is compensation granted under an AEP director stock plan, with units tracking AEP’s share value and payable after Board service ends.

How many AEP-linked phantom stock units does Margaret M. McCarthy hold after this transaction?

After this grant, McCarthy holds phantom stock units representing 3,660 units in total value within the AEP Stock Plan. Each phantom unit corresponds to the cash value of one AEP common share and is recorded as a direct ownership position.

When are AEP phantom stock units for Margaret M. McCarthy payable?

The phantom stock units are payable in cash or AEP shares following McCarthy’s termination of service on the Board. Under the plan, she may also transfer the phantom units into an alternative investment account in the AEP Stock Plan at any time.

How is the value of Margaret M. McCarthy’s AEP phantom stock units determined?

Each phantom stock unit represents the right to receive the cash value of one AEP common share. The amount shown in the filing reflects the value in the AEP Stock Plan at the time of the transaction, based on AEP’s stock price of $136.81.

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^*

McCarthy Margaret M

(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)
06/30/2026

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	06/30/2026		A		0(1)		(2)	(2)	Common Stock	310(1)	$136.81(3)	3,660	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 Margaret M McCarthy	07/01/2026
	** 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)