AEP (AEP) director converts $37,500 cash retainer into phantom stock units

Rhea-AI Filing Summary

Stoddard Daniel G. reported acquisition or exercise transactions in this Form 4 filing.

American Electric Power director Daniel G. Stoddard reported a compensation-related equity transaction. He deferred his $37,500 quarterly cash retainer into the AEP Stock Fund under the non-employee director stock unit plan, receiving additional phantom stock units tied to AEP’s common stock at a reference price of $136.81 per share.

Following these grants, he directly holds 1,631 shares of common stock and 5,186 phantom stock units, which are payable in cash or shares after his board service ends or a later elected date. This is a routine, non-market transaction and not an open‑market purchase or sale.

Insights

Equity compensation analyst

Director converted cash fees into equity-linked phantom units, a routine pay election.

Director Daniel G. Stoddard elected to defer his $37,500 quarterly cash retainer into the AEP Stock Fund, receiving phantom stock units valued using an AEP stock price of $136.81. This increases his equity-linked exposure without any open-market trading.

The filing shows 1,631 common shares and 5,186 phantom units held after the transaction. Phantom units are paid in cash or shares upon or after board service termination, aligning compensation with shareholder outcomes. As a routine grant/deferral, this carries neutral investment significance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Stoddard Daniel G.

Role null

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

Holdings After Transaction: Phantom Stock Units — 5,186 shares (Direct, null); Common Stock — 1,631 shares (Direct, null)

Footnotes (1)

1. The reporting director deferred the receipt of his $37,500 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. Was AEP Stock Price at the time of the transaction. 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.

Key Figures

Deferred quarterly retainer: $37,500 Reference stock price: $136.81 per share Underlying common shares for new phantom units: 310 shares +2 more

5 metrics

Deferred quarterly retainer $37,500 Quarterly cash retainer deferred into AEP Stock Fund

Reference stock price $136.81 per share AEP stock price used to value phantom stock units

Underlying common shares for new phantom units 310 shares Underlying AEP common stock for phantom stock units granted

Common stock held after transaction 1,631 shares Total direct AEP common shares following the Form 4 transaction

Phantom stock units held after transaction 5,186 units Total phantom stock units credited to the director after transaction

Key Terms

Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, AEP Stock Fund, quarterly cash retainer, +1 more

5 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

"deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors"

AEP Stock Fund financial

"deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund"

quarterly cash retainer financial

"deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund"

Stock Units financial

"Stock Units are paid to the director in cash or shares upon termination of service"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

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 - 02:00 PM Accepted by SEC EDGAR 07/01/2026 - 01:59 PM 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^*

Stoddard Daniel G.

(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
Common Stock(1)	06/30/2026		A		0	A	$136.81(2)	1,631	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	06/30/2026		A		0		(3)	(3)	Common Stock	310	$136.81	5,186	D

Explanation of Responses:

1. The reporting director deferred the receipt of his $37,500 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. Was AEP Stock Price at the time of the transaction.

3. 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.

Remarks:

	/s/ David C. House, Attorney-in-Fact for Daniel G. Stoddard	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)

FAQ

What did AEP director Daniel Stoddard report in this Form 4 for AEP?

Daniel G. Stoddard reported deferring a $37,500 quarterly cash retainer into the AEP Stock Fund, receiving phantom stock units valued at an AEP share price of $136.81. This is a compensation-related grant, not an open-market trade.

Did Daniel Stoddard buy or sell AEP common stock in the market?

He did not buy or sell AEP shares in the open market. The Form 4 shows a grant/award acquisition of phantom stock units through deferral of cash fees, a routine compensation election under AEP’s non-employee director stock unit plan.

How many AEP shares and phantom stock units does Daniel Stoddard hold after the transaction?

After the reported transaction, Daniel Stoddard directly holds 1,631 shares of AEP common stock and 5,186 phantom stock units. These phantom units track AEP’s stock value and are settled in cash or shares at or after the end of board service.

What is the value and pricing basis of the deferred compensation in this AEP filing?

The director deferred a $37,500 quarterly cash retainer into the AEP Stock Fund. Footnotes state that $136.81 was the AEP stock price used at the time of the transaction to determine the number of phantom stock units credited.

When are AEP phantom stock units for non-employee directors paid out?

Phantom stock units for AEP non-employee directors are paid in cash or shares when board service ends, unless the director elects to defer payment further, with payment beginning no later than five years after termination, according to the plan footnote.

Can Daniel Stoddard change his AEP Stock Fund deferral election after it is made?

The footnotes state the director may transfer amounts invested in the AEP Stock Fund into an alternative investment at any time. This allows him to reallocate deferred cash balances among plan investment options without executing public market trades in AEP stock.