Director Von Thaer adds AEP (NYSE: AEP) phantom stock units

Rhea-AI Filing Summary

American Electric Power (AEP) director Lewis Von Thaer reported a Form 4 transaction involving phantom stock units on 12/31/2025. The filing shows an acquisition coded as "A" of phantom stock units tied to AEP common stock, with 368 underlying shares at a reference price of $115.31.

After this transaction, Von Thaer beneficially owned 7,572 phantom stock units directly. According to the disclosure, these stock units are paid to the director in cash or shares upon termination of service, unless payment is deferred, with payouts beginning no later than five years after that date.

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

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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).

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^*

Von Thaer Lewis

(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)
12/31/2025

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

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	12/31/2025		A		0		(1)	(1)	Common Stock	368	$115.31(2)	7,572	D

Explanation of Responses:

1. 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.

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

Remarks:

	/s/ David C. House, Attorney-in Fact for Lewis Von Thaer	01/05/2026
	** 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).
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FAQ

What insider transaction did AEP director Lewis Von Thaer report?

Lewis Von Thaer reported an acquisition of phantom stock units on 12/31/2025. The derivative position is tied to 368 AEP common shares at a reference price of $115.31, increasing his directly held phantom stock units to 7,572 after the transaction.

What are phantom stock units in the AEP (AEP) Form 4 filing?

The phantom stock units are derivative securities linked to AEP common stock. According to the disclosure, these units are paid to the director in cash or shares upon termination of service, or on a deferred schedule starting no later than five years afterwards.

How many AEP phantom stock units does Lewis Von Thaer hold after the transaction?

Following the reported 12/31/2025 transaction, Lewis Von Thaer beneficially owned 7,572 phantom stock units directly. This total reflects the updated balance of his derivative holdings as disclosed in the Form 4 insider trading report for American Electric Power.

What was the AEP stock price referenced in the phantom stock unit transaction?

The filing states that $115.31 was the AEP stock price at the time of the transaction. This reference price is used in connection with the phantom stock units tied to 368 underlying common shares reported in the Form 4 filing.

When will AEP director Lewis Von Thaer receive payment for his phantom stock units?

The stock units are paid in cash or shares upon termination of service, unless the director defers payment. Any deferral must still result in payments beginning no later than five years after the termination date, according to the disclosure.

Is the AEP Form 4 transaction by Lewis Von Thaer a direct or indirect holding?

The Form 4 shows that Lewis Von Thaer’s 7,572 phantom stock units are held directly. The ownership form is marked as “D” (Direct), and no indirect ownership entity or special beneficial ownership disclaimer is disclosed in the provided footnotes.