AEP director awarded phantom stock units

FOWKE BENJAMIN G S III reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FOWKE BENJAMIN G S III reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN ELECTRIC POWER CO INC director Benjamin G. S. Fowke III reported a compensation-related change in his holdings. He received a grant of Phantom Stock Units tied to 310 shares of Common Stock at $136.81 per share, bringing his total Phantom Stock Units to 7,070. These units arise from deferring his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors and are paid in cash or shares after his board service ends or a later elected date. Following this update, he also reports direct holdings of 25,898 and 2,371 Common Stock shares in separate entries. No open-market purchases or sales are reported.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 3 txns

Insider FOWKE BENJAMIN G S III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0	$136.81	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock Units — 7,070 contracts (Direct); Common Stock — 28,269 shares (Direct)

Footnotes (3)

1. F1. The reporting director 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 director may transfer amounts in the AEP Stock Fund into an alternative investment at any time.
2. F2. 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. F3. Was AEP Stock Price at the time of the transaction.

Key Figures

Phantom stock grant: 310 underlying shares at $136.81 Total Phantom Stock Units: 7,070 units Common Stock holding 1: 25,898 shares +2 more

5 metrics

Phantom stock grant 310 underlying shares at $136.81 Phantom Stock Units grant price and underlying AEP common shares

Total Phantom Stock Units 7,070 units Phantom Stock Units held after the transaction

Common Stock holding 1 25,898 shares Direct AEP Common Stock reported after transaction

Common Stock holding 2 2,371 shares Additional direct AEP Common Stock reported after transaction

Conversion price $0.00 Conversion or exercise price for Phantom Stock Units

Key Terms

Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, AEP Stock Fund, Stock Units

4 terms

Phantom Stock Units financial

"security_title: "Phantom Stock Units" and underlying_security_title: "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

"deferred the receipt of his 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 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AEP director Benjamin Fowke report on this Form 4?

Benjamin Fowke reported a grant of Phantom Stock Units. The award reflects deferred quarterly cash retainers converted into the AEP Stock Fund, tied to 310 underlying common shares at $136.81, increasing his total Phantom Stock Units to 7,070 with no open-market trade.

Does this AEP Form 4 show any insider buying or selling of common stock?

No open-market buying or selling is reported for AEP common stock. The filing lists updated direct holdings of 25,898 and 2,371 common shares, but the only transaction is a Phantom Stock Unit grant from deferred director fees.

How many Phantom Stock Units tied to AEP stock does the director hold after this filing?

After this filing, the director holds 7,070 Phantom Stock Units. These units are linked to AEP common stock and stem from deferring quarterly cash retainers into the AEP Stock Fund, to be paid in cash or shares after board service ends or later.

What price per share was used to determine the AEP Phantom Stock Units in this grant?

The Phantom Stock Units were based on an AEP stock price of $136.81. This price determined how much stock exposure the director received when deferring his quarterly cash retainer into the AEP Stock Fund on the transaction date.

When are AEP Phantom Stock Units paid out to the director?

Phantom Stock Units are paid in cash or shares when board service ends. The director may also elect to defer payment, but any deferral must start no later than five years after termination of service, according to the plan terms.

What plan governs the AEP director’s Phantom Stock Unit deferrals?

The deferrals occur under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Quarterly cash retainers are directed into the AEP Stock Fund, creating Phantom Stock Units that track AEP stock performance until payout in cash or shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 01:56 PM EDT 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^*

FOWKE BENJAMIN G S III

(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)								2,371	D
Common Stock								25,898	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		(2)	(2)	Common Stock	310	$136.81(3)	7,070	D

Explanation of Responses:

1. The reporting director 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 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	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)