AEP Insider Filing: Stoddard Acquires 355 Shares and 377 Phantom Units

Rhea-AI Filing Summary

Daniel G. Stoddard, a director of American Electric Power Company, Inc. (AEP), reported transactions on Form 4 showing non-derivative and derivative security activity dated 09/30/2025. He acquired 355 shares of AEP common stock at an indicated price of $112.50 per share by deferring his $40,000 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Following that transaction his direct beneficial ownership of common stock is reported as 1,596 shares.

The filing also reports acquisition of 377 phantom stock units on the same date, each tied to common stock and valued at the same $112.50 stock price, resulting in 4,081 shares underlying units reported as directly beneficially owned after the transaction. The phantom stock units are payable in cash or shares upon termination of service unless the director elected a deferred payout schedule.

Positive

• Director alignment: The reporting person deferred a $40,000 retainer into the AEP Stock Fund, increasing equity-linked ownership and aligning interests with shareholders
• Transparent disclosure: Form 4 clearly reports the number of shares and phantom units acquired and the price used for valuation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director deferral into company stock aligns interests but is not materially market-moving.

This Form 4 documents a director electing to defer a cash retainer into the company stock accumulation plan and receiving phantom stock units tied to AEP common shares. Such elections are common for non-employee directors and serve to increase director alignment with shareholders without signaling a change in control or a transaction that would materially affect company valuation. The reported quantities (355 shares acquired and 377 phantom units) are modest relative to total outstanding shares and reflect compensation mechanics rather than open-market purchases or sales. No unusual derivative exercise, large disposal, or related-party transaction is disclosed.

Securities Analyst

TL;DR: Disclosure is compliant and informational; no material impact on AEP equity or liquidity.

The filing provides clear descriptions: a $40,000 retainer was deferred into the AEP Stock Fund producing 355 common shares at an indicated price of $112.50 and 377 phantom units also valued at $112.50. Phantom units will convert to cash or shares upon departure per plan terms. From an investor perspective, this is a standard director compensation deferral and not a market signal of insider accumulation or disposition that would materially move the stock.

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

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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^*

Stoddard Daniel G.

(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)
09/30/2025

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(1)	09/30/2025		A		355	A	$112.5(2)	1,596	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	09/30/2025		A		377		(3)	(3)	Common Stock	377	$112.5(2)	4,081	D

Explanation of Responses:

1. The reporting owner deferred receipt of his $40,000 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting owner may transfer amounts in the AEP Stock Fund into an alternate investment plan 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	10/02/2025
	** 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 Daniel G. Stoddard report on Form 4 (AEP)?

The Form 4 reports acquisition of 355 common shares and 377 phantom stock units on 09/30/2025 tied to deferral of his $40,000 quarterly retainer.

At what price were the AEP shares and phantom units reported?

The filing uses an AEP stock price of $112.50 per share for the reported transactions.

How many shares did Stoddard beneficially own after the transaction?

Following the transactions he reported beneficial ownership of 1,596 direct shares and 4,081 shares underlying reported units.

What are phantom stock units and when are they paid?

The filing states phantom stock units are paid in cash or shares upon termination of service unless the director elected deferred payment commencing within five years.

Was this Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person and signed by an attorney-in-fact on behalf of Daniel G. Stoddard.