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[Form 4] American Electric Power Company, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Benjamin G.S. Fowke III, a director of American Electric Power Company, Inc. (AEP), sold shares on 08/15/2025 under a pre-established trading plan. The Form 4 reports a sale of 5,000 shares of AEP common stock at $111.99 per share, executed pursuant to a Rule 10b5-1 trading plan adopted May 13, 2025. After the reported transactions the filing shows the reporting person beneficially owns 45,898 shares directly. The filing also notes a disposition of 2,301.6 shares related to the director's deferred cash retainer held in the AEP Stock Fund.

Positive
  • Sale executed under a Rule 10b5-1 plan, indicating pre-established trading authorization (adopted May 13, 2025).
  • Clear disclosure of beneficial ownership after the transaction: 45,898 shares reported as directly owned.
Negative
  • Insider sale of 5,000 shares could be perceived negatively by some investors despite being executed under a trading plan.
  • Disposition of 2,301.6 shares from deferred cash retainer reduces insider-held stock in the AEP Stock Fund.

Insights

TL;DR: Routine director sale under a 10b5-1 plan; disclosure indicates compliance with pre-established trading procedures.

The Form 4 documents a director-level sale executed pursuant to a Rule 10b5-1 plan adopted May 13, 2025, which provides an affirmative defense to insider trading claims when conditions are met. The filing transparently reports the number of shares sold (5,000 at $111.99) and the director's remaining direct beneficial ownership (45,898). The filing also discloses a deferred cash retainer moved into the AEP Stock Fund, reflected as a 2,301.6 share disposition. From a governance perspective, use of a 10b5-1 plan and clear disclosure are consistent with standard practices for insiders managing personal liquidity while mitigating insider-trading risk.

TL;DR: Insider sold a modest block of shares; reported ownership remains material but the transaction appears routine.

The sale of 5,000 shares at $111.99 is explicitly reported and executed under a documented 10b5-1 plan. The Form 4 shows the reporting person retains 45,898 shares directly after the transaction, indicating continued share exposure. The separate disclosure that 2,301.6 shares were disposed in connection with a deferred cash retainer into the AEP Stock Fund is factual and indicates non-open-market plan-related activity. There is no earnings or forward-looking financial data in this filing to assess company performance impact.

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).
X
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*
FOWKE BENJAMIN G S III

(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)
08/15/2025
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 08/15/2025 S 5,000(1) D $111.99 45,898 D
Common Stock 2,301.6(2) 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
Explanation of Responses:
1. The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.
2. The Reporting Person previously deferred the receipt of his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The Reporting Person may transfer amounts in the AEP Stock Fund into an alternative investment at any time.
Remarks:
/s/ David C. House, Attorney-in-Fact for Benjamin G.S. Fowke III 08/18/2025
** 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 shares did Benjamin G.S. Fowke III sell in the AEP Form 4?

The filing reports a sale of 5,000 shares of AEP common stock executed on 08/15/2025 at a price of $111.99 per share.

Was the AEP insider sale part of a trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2025.

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

The Form 4 shows the reporting person beneficially owns 45,898 shares directly following the reported transactions.

What is the 2,301.6 share disposition noted in the filing?

The filing states 2,301.6 shares were disposed in connection with the reporting person deferring his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.

Who signed the Form 4 for Benjamin G.S. Fowke III?

The Form 4 was signed by David C. House, Attorney-in-Fact, on behalf of Benjamin G.S. Fowke III on 08/18/2025.
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Utilities - Regulated Electric
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United States
COLUMBUS