AEP (AEP) director granted new phantom stock units as board compensation

Rhea-AI Filing Summary

AMERICAN ELECTRIC POWER CO INC director Sandra Beach Lin received a new grant of phantom stock units linked to AEP common stock. The award represents an underlying 310 shares of common stock at a reference price of $136.81 per share under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.

After this compensation-related acquisition, her account holds 19,772 phantom stock units, each representing the right to receive the cash value of one share of AEP common stock. These phantom shares are payable in cash or shares after she leaves the Board, and she may move them into an alternative investment account at any time.

Insights

Equity compensation analyst

Routine phantom stock grant increases director’s deferred equity-linked compensation.

Director Sandra Beach Lin received a grant of phantom stock units tied to AMERICAN ELECTRIC POWER CO INC common shares. The filing describes this as a grant or award acquisition under the non-employee director stock unit plan, making it standard board compensation rather than a market trade.

The award adds an underlying 310 shares at a reference price of $136.81, bringing her total phantom stock holdings to 19,772 units. Because these units are settled in cash or shares only after board service ends, they function as deferred compensation and do not reflect an active decision to buy or sell stock in the open market.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LIN SANDRA BEACH

Role null

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

Holdings After Transaction: Phantom Stock Units — 19,772 shares (Direct, null)

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 Total phantom units after grant: 19,772 units +2 more

5 metrics

Underlying shares in grant 310 shares Underlying AEP common stock for new phantom stock unit grant

Reference stock price $136.81 per share AEP stock price at time of phantom stock grant

Total phantom units after grant 19,772 units Phantom stock units held after the reported transaction

Transaction code A (grant/award acquisition) Indicates compensation-related acquisition of derivative (phantom) units

Transaction date 2026-06-30 Date of phantom stock unit grant

Key Terms

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

4 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

"value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors"

alternative investment account financial

"may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account"

phantom stock financial

"Each share of phantom stock represents the right to receive the cash value of one share"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 02:03 PM Accepted by SEC EDGAR 07/01/2026 - 02:02 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^*

LIN SANDRA BEACH

(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)	19,772	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 Sandra Beach Lin	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 Sandra Beach Lin report in this Form 4 for AEP?

Sandra Beach Lin reported receiving a grant of phantom stock units tied to AEP common stock. The award represents an underlying 310 shares at a reference price of $136.81 per share under AEP’s Stock Unit Accumulation Plan for Non-Employee Directors.

How many phantom stock units does Sandra Beach Lin hold after this AEP transaction?

After the reported grant, Sandra Beach Lin’s account holds 19,772 phantom stock units. Each unit tracks the value of one AEP common share and will be settled in cash or shares after her service on the Board ends, according to the plan terms.

Is Sandra Beach Lin’s AEP Form 4 a stock purchase or sale in the market?

No, the Form 4 shows a grant of phantom stock units as compensation, not a market purchase or sale. The transaction is coded as a grant or award acquisition and represents deferred equity-linked pay for her role as a non-employee director.

When will Sandra Beach Lin receive value from her AEP phantom stock units?

The phantom stock units are payable in cash or shares after she leaves the AEP Board. Until then, they track the value of AEP common stock, and she may transfer them into an alternative investment account within the plan if she chooses.

What does each AEP phantom stock unit represent for Sandra Beach Lin?

Each phantom stock unit represents the right to receive the cash value of one AEP common share. The filing notes these amounts are held in the AEP Stock Plan under the Stock Unit Accumulation Plan for Non-Employee Directors as deferred compensation.