AEP director reports 7,321-share disposition; 5,000 sold under 10b5-1 plan

Rhea-AI Filing Summary

Benjamin G.S. Fowke III, a director of American Electric Power Co., reported sales of company common stock. The filing discloses a sale of 5,000 shares at $108.65 per share executed on 09/12/2025, leaving the reporting person with 40,898 shares beneficially owned. The filing also records disposition of 2,321 shares tied to a previously deferred quarterly cash retainer moved into the AEP Stock Fund under the company’s Stock Unit Accumulation Plan; no sale price for that disposition is shown. The 5,000-share sale was executed under a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2025. The form was submitted via attorney-in-fact on behalf of the reporting person.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating pre-planned, compliant insider activity
• Reporting person participates in the AEP Stock Fund via deferred director compensation, aligning interests with shareholders

Negative

• Insider disposed of shares (5,000 and 2,321), reducing direct beneficial ownership
• Price for the 2,321-share disposition is not disclosed in the filing, limiting transparency on that transaction

Insights

Securities Analyst

TL;DR: Routine insider disposals under a 10b5-1 plan; not materially informative about company performance.

The transactions consist of a planned sale of 5,000 shares at $108.65 under an established Rule 10b5-1 trading plan and a separate disposition of 2,321 shares related to a deferred cash retainer conversion into the AEP Stock Fund. Because the sale was executed pursuant to a pre-established trading plan and the quantities represent a modest portion of total shares outstanding for a large utility, this filing is procedural rather than a signal of changing company fundamentals. Investors should view this as compliance-driven insider activity instead of a material corporate development.

Corporate Governance Expert

TL;DR: Demonstrates governance compliance with pre-approved trading plan and use of director compensation programs.

The reporting shows use of a Rule 10b5-1 plan, which indicates the director followed an established, documented process for insider sales, reducing regulatory and insider-trading concerns. The conversion of a quarterly cash retainer into the AEP Stock Fund reflects participation in the company’s non-employee director compensation program. Both points reflect standard governance practices rather than governance red flags. The filing lacks a price for the 2,321-share disposition, which limits full transparency on proceeds from that transfer.

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
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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)
09/12/2025

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	09/12/2025		S		5,000(1)	D	$108.65	40,898	D
Common Stock								2,321(2)	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

Explanation of Responses:

1. The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

2. The Reporting Person previously deferred the receipt of his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The Reporting Person may transfer amounts in the AEP Stock Fund into alternative investment any time.

Remarks:

	/s/ David C. House, Attorney-in-Fact for Benjamin G.S. Fowke III	09/15/2025
	** 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 AEP director Benjamin G.S. Fowke III report on Form 4?

The Form 4 reports a sale of 5,000 AEP shares at $108.65 and a disposition of 2,321 shares related to a deferred cash retainer conversion into the AEP Stock Fund.

Was the 5,000-share sale by AEP director part of a trading plan?

Yes. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2025.

How many AEP shares does the reporting person own after the transactions?

The reporting person beneficially owned 40,898 shares following the reported transactions.

Why were 2,321 AEP shares disposed of by the director?

Those shares reflect the director’s deferred quarterly cash retainer that was previously placed into the AEP Stock Fund under the Stock Unit Accumulation Plan for Non-Employee Directors.

Does this Form 4 indicate any insider trading violations?

No. The filing shows the 5,000-share sale was executed under a pre-established 10b5-1 plan, which is a compliant method for scheduled insider trades.