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AEP Insider Update: Sandra Beach Lin Receives 409.59 Phantom Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

American Electric Power Co. (AEP) – Form 4 insider filing

Director Sandra Beach Lin reported the acquisition of 409.59 phantom stock units on 06/30/2025 under the company’s Stock Unit Accumulation Plan for Non-Employee Directors. Each phantom unit mirrors the value of one share of AEP common stock and is cash-settled after the director leaves the Board.

The reference price disclosed for the units was $103.76 per phantom share, implying an incremental position worth roughly $42,000. After the transaction, Lin’s direct holdings in the plan total 17,834.81 phantom units. No transactions involving actual AEP common shares were reported, and the filing does not indicate any sales or option exercises.

The transaction appears to be routine board compensation rather than an open-market purchase, and it modestly increases the director’s economic exposure to AEP’s share price.

Positive

  • None.

Negative

  • None.

Insights

TL;DR – Routine board compensation; immaterial to valuation and market sentiment.

This Form 4 shows a standard quarterly crediting of 409.59 phantom stock units to Director Sandra Beach Lin’s account, lifting her total phantom balance to 17,834.81 units. Because the units are cash-settled after board service and were not bought on the open market, the filing does not convey a direct insider buy signal. Dollar value (~$42k) is negligible versus AEP’s $50 bn+ market cap, so the disclosure is neutral for investors.

Insider LIN SANDRA BEACH
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 409.59 $103.76 $42K
Holdings After Transaction: Phantom Stock Units — 17,834.81 shares (Direct)
Footnotes (1)
  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. 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. Was AEP Stock Price at the time of the transaction.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did AEP director Sandra Beach Lin report in the latest Form 4?
She acquired 409.59 phantom stock units on 06/30/2025, raising her balance to 17,834.81 units.

Are the reported phantom stock units the same as AEP common shares?
No. Each unit tracks the value of one AEP share but is paid in cash after the director leaves the Board.

Was there an open-market purchase of AEP stock?
No. The filing shows no open-market transactions; it reflects a board compensation accrual.

What price was assigned to the phantom stock units?
The reference price disclosed in the filing was $103.76 per unit.

How much is the new phantom stock grant worth?
409.59 units × $103.76 equals roughly $42,000 in additional economic exposure.
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*
LIN SANDRA BEACH
(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)
06/30/2025
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 06/30/2025 A 409.59(1) (2) (2) Common Stock 409.59(1) $103.76(3) 17,834.81 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 Sandra Beach Lin 07/02/2025
** 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.

Source: View Original Filing on SEC EDGAR