AEP Insider Filing: 377 Phantom Stock Units Issued to Director Sara Tucker

Rhea-AI Filing Summary

Sara Martinez Tucker, a director of American Electric Power Co., received 377 phantom stock units under the company's non-employee director stock plan on 09/30/2025. Each phantom unit represents the cash value of one share of AEP common stock and the filing shows the AEP stock price at the time of the transaction was $112.50. The phantom units are payable in cash after the reporting person's board service ends, and may be moved into an alternative investment account while held in the plan. After this transaction the reporting person is shown as directly beneficially owning 30,893 shares of AEP common stock. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Tucker on 10/02/2025.

Positive

• Director compensation granted as phantom stock units aligns director pay with company performance without immediate equity dilution
• Clear disclosure of unit count (377), per-share price ($112.50), and post-service cash settlement provides transparency

Negative

• None.

Insights

Financial Analyst

TL;DR Routine director compensation in phantom stock units; no immediate stock sale or purchase of common shares.

This Form 4 records a non-cash award of 377 phantom stock units granted to a non-employee director, priced at $112.50 per share at grant. Phantom units mirror the economic value of common shares but are payable in cash after termination of board service, so they do not dilute share count or change voting power today. The transaction is a standard element of director pay and does not represent an open-market trade or change in ownership strategy.

Corporate Governance Expert

TL;DR Standard governance practice: deferred, cash-settled director compensation preserving independence.

The award is documented under AEP's director stock unit accumulation plan and is cash-settled upon departure from the board. Such arrangements are commonly used to align director compensation with shareholder returns while avoiding immediate equity dilution. The filing discloses the form, timing, exercisability (payable after service ends), and transferability to alternative investments, meeting typical disclosure expectations for Section 16 filings.

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).

1. Name and Address of Reporting Person^*

Tucker Sara Martinez

(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

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	09/30/2025		A		377(1)		(2)	(2)	Common Stock	377(1)	$112.5(3)	30,893	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 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 Sara Martinez Tucker	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 Sara Martinez Tucker receive according to the Form 4?

The Form 4 reports receipt of 377 phantom stock units under AEP's non-employee director plan on 09/30/2025.

How is each phantom stock unit defined in the filing?

Each phantom stock unit represents the right to receive the cash value of one share of AEP common stock.

When are the phantom stock units payable and can they be moved?

The phantom units are payable in cash following termination of board service and may be transferred into an alternative investment account at any time while in the plan.

What was the AEP stock price reported at the time of the transaction?

The Form 4 shows the AEP stock price at the time of the transaction as $112.50.

How many AEP shares does the reporting person beneficially own after the transaction?

The filing reports 30,893 shares of AEP common stock beneficially owned following the reported transaction.