AEP director defers $37,500 into stock units

Stoddard Daniel G. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Stoddard Daniel G. reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN ELECTRIC POWER CO INC director Daniel G. Stoddard reported compensation-related equity activity rather than open-market trading. On the reported date, he deferred his $37,500 quarterly cash retainer into the AEP Stock Fund under the stock unit plan for non-employee directors.

This deferral resulted in a grant of phantom stock units tied to AEP common stock, with 324 underlying shares at an AEP stock price of $131.08. Following the transactions, he held 4,840 phantom stock units and 1,619 shares of common stock directly. The stock units will be settled in cash or shares upon or after his board service ending, based on his prior elections.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 2 txns

Insider Stoddard Daniel G.

Role Director

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

Holdings After Transaction: Phantom Stock Units — 4,840 contracts (Direct); Common Stock — 1,619 shares (Direct)

Footnotes (3)

1. F1. The reporting director deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting director may transfer amounts in the AEP Stock Fund into an alternative investment at any time.
2. F2. Was AEP Stock Price at the time of the transaction.
3. F3. 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.

Key Figures

Deferred cash retainer: $37,500 AEP stock price: $131.08 Underlying shares: 324 shares +2 more

5 metrics

Deferred cash retainer $37,500 Quarterly director cash retainer deferred into AEP Stock Fund

AEP stock price $131.08 Price per share used to convert retainer into stock units

Underlying shares 324 shares Underlying AEP common stock tied to new phantom stock units

Phantom stock units after 4,840 units Total phantom stock units held following the transaction

Common stock after 1,619 shares Total AEP common shares held directly after transaction

Key Terms

Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, AEP Stock Fund, Stock Units

4 terms

Phantom Stock Units financial

"The transaction involved Phantom Stock Units tied to AEP common stock."

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

"Deferred the cash retainer under the AEP Stock Unit Accumulation Plan for Non-Employee Directors."

AEP Stock Fund financial

"Deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund."

Stock Units financial

"Stock Units are paid to the director in cash or shares upon termination of service."

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

FAQ

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

What did AEP (AEP) director Daniel G. Stoddard report in this Form 4?

He reported a compensation-related acquisition of phantom stock units, not an open-market trade. The filing shows his quarterly cash retainer was deferred into the AEP Stock Fund, increasing his phantom stock unit and common stock-linked position under the director stock unit plan.

How much compensation did Daniel G. Stoddard defer into AEP stock units?

He deferred a $37,500 quarterly cash retainer into the AEP Stock Fund. This amount was converted into phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, linking his compensation value to the performance of AEP common stock over time.

How many AEP shares underlie Daniel G. Stoddard’s new phantom stock units?

The phantom stock unit grant is tied to 324 underlying shares of AEP common stock. These units mirror the value of AEP shares but are paid in cash or shares upon or after the end of his board service, subject to his deferral elections.

What are Daniel G. Stoddard’s AEP holdings after these transactions?

After the reported transactions, he directly held 4,840 phantom stock units and 1,619 shares of AEP common stock. These positions reflect his accumulated deferred director compensation and share ownership as disclosed in this Form 4 filing.

At what price were Daniel G. Stoddard’s AEP stock units valued in this Form 4?

The phantom stock units and related common stock figures reference an AEP stock price of $131.08 at the time of the transaction. This price was used to convert his deferred $37,500 cash retainer into stock units within the AEP Stock Fund.

When will Daniel G. Stoddard receive payment for his AEP phantom stock units?

The stock units are paid in cash or shares upon termination of his board service, unless he elected a later deferral. Any such deferral must start payments no later than five years after his service ends, according to the plan terms described.

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

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Accepted by SEC EDGAR 04/02/2026 - 02:20 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^*

Stoddard Daniel 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
Common Stock(1)	03/31/2026		A		0	A	$131.08(2)	1,619	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	03/31/2026		A		0		(3)	(3)	Common Stock	324	$131.08(2)	4,840	D

Explanation of Responses:

1. The reporting director deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting director may transfer amounts in the AEP Stock Fund into an alternative investment 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	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)