AEP director granted phantom stock units

Sauvage Joseph G reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Sauvage Joseph G reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN ELECTRIC POWER CO INC director Joseph G. Sauvage received a grant of Phantom Stock Units linked to AEP common stock. The grant corresponds to 324 underlying shares at a reference price of $131.08 per share. Following this award, he holds 1,498 Phantom Stock Units directly. These units are paid in cash or shares when his board service ends, or at a later deferred date he may elect, as long as payment begins within five years of termination.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 1 txn

Insider Sauvage Joseph G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	0	$131.08	$0.00

Holdings After Transaction: Phantom Stock Units — 1,498 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. Was AEP Stock Price at the time of the transaction.

Key Figures

Phantom Units After Grant: 1,498 units Underlying Shares for Grant: 324 shares Reference Stock Price: $131.08/share +2 more

5 metrics

Phantom Units After Grant 1,498 units Total Phantom Stock Units held directly after 2026-03-31 grant

Underlying Shares for Grant 324 shares Common stock underlying the 2026-03-31 Phantom Stock Unit award

Reference Stock Price $131.08/share AEP stock price at transaction time for Phantom Stock Unit grant

Transaction Date 2026-03-31 Date of Phantom Stock Unit grant reported on Form 4

Transaction Code A Grant, award, or other acquisition of Phantom Stock Units

Key Terms

Phantom Stock Units, Common Stock, defer payment, grant, award, or other acquisition, +1 more

5 terms

Phantom Stock Units financial

"security_title: "Phantom Stock Units" and footnote on how units are paid"

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.

Common Stock financial

"underlying_security_title: "Common Stock" linked to the Phantom Stock Units"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

defer payment financial

"director has elected to defer payment for a period that results in payment"

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

termination of service financial

"paid to the director in cash or shares upon termination of service"

FAQ

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

What insider transaction did AEP director Joseph G. Sauvage report on Form 4?

Joseph G. Sauvage reported acquiring Phantom Stock Units as a compensation grant. The award is tied to 324 underlying shares of AEP common stock at a reference price of $131.08, increasing his total Phantom Stock Unit holdings to 1,498 units.

What are Phantom Stock Units in the AEP (AEP) Form 4 filing?

Phantom Stock Units are a form of deferred compensation linked to AEP’s common stock price. For this grant, they correspond to 324 underlying shares and may be settled in cash or shares, providing economic exposure without immediate share issuance.

When will AEP director Joseph G. Sauvage receive payment for these Phantom Stock Units?

Payment for the Phantom Stock Units occurs when his board service ends, unless he elects to defer. Any deferral must still result in payments starting no later than five years after termination of service, according to the disclosed plan terms.

How many Phantom Stock Units does Joseph G. Sauvage hold after this AEP grant?

After this compensation award, Joseph G. Sauvage holds 1,498 Phantom Stock Units directly. These units track the value of AEP common stock and will be settled in cash or shares under the company’s director compensation program at the specified payout time.

Does the Form 4 for AEP show an open-market buy or sell by Joseph G. Sauvage?

The Form 4 reflects a grant or award acquisition of Phantom Stock Units, not an open-market purchase or sale. It is classified as a compensation-related transaction, giving the director additional stock-linked units rather than reflecting trading activity in the market.

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

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Accepted by SEC EDGAR 04/02/2026 - 02:30 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^*

Sauvage Joseph G

(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)
03/31/2026

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	$0	03/31/2026		A			0	(1)	(1)	Common Stock	324	$131.08(2)	1,498	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:

	David C. House, Attorney-in-Fact for Joseph G. Sauvage	04/02/2026
	** 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)