Sauvage Joseph G reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power director Joseph G. Sauvage received a grant of phantom stock units as compensation. The award is linked to 310 shares of common stock at a reference price of $136.81 per share. Following this grant, his phantom stock unit balance stands at 1,820 units, which will be settled in cash or shares after his board service ends or as deferred under plan rules.
FOWKE BENJAMIN G S III reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN ELECTRIC POWER CO INC director Benjamin G. S. Fowke III reported a compensation-related change in his holdings. He received a grant of Phantom Stock Units tied to 310 shares of Common Stock at $136.81 per share, bringing his total Phantom Stock Units to 7,070. These units arise from deferring his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors and are paid in cash or shares after his board service ends or a later elected date. Following this update, he also reports direct holdings of 25,898 and 2,371 Common Stock shares in separate entries. No open-market purchases or sales are reported.
American Electric Power Company, Inc. entered into forward sale agreements covering a total of 23,543,308 shares of its common stock in connection with an underwritten offering. The initial forward sale price is set at $124.968 per share, matching the price paid by the underwriters.
The company will receive cash only if it elects to physically settle the forward sale agreements by issuing shares to the forward purchasers, which it currently expects to do on or before May 31, 2028. Alternatively, it may choose cash or net share settlement, which could result in reduced or no cash proceeds, or even a cash or share delivery obligation.
The forward purchasers can accelerate settlement upon specified events, including stock borrow constraints, certain large or unusual dividends, ownership threshold issues, extraordinary corporate events, or defaults. In those cases, AEP could be required to issue shares regardless of its capital needs, which would dilute earnings per share and may affect the market price of its stock.
American Electric Power Company, Inc. is offering 20,472,442 shares of common stock through forward sale agreements with Bank of America, Goldman Sachs and Morgan Stanley. The initial public offering price is $127.00 per share and the initial forward sale price is $124.968 per share. Settlement may occur on or prior to May 31, 2028. The company expects to receive net proceeds of approximately $2.56 billion upon full physical settlement and has granted the underwriters a 30-day option to purchase up to an additional 3,070,866 shares. The forward sale agreements permit physical settlement, cash settlement or net share settlement; the company will not receive proceeds on the closing date unless shares are issued to the underwriters in lieu of forward sellers.
American Electric Power Company, Inc. is offering an aggregate of $2,600,000,000 of shares of its common stock through forward sale agreements under which third parties (the “forward sellers”) will borrow and sell shares to the underwriters. The forward sale agreements permit settlement on or prior to May 31, 2028, and AEP will not initially receive proceeds from the shares sold by the forward sellers; AEP expects to receive net proceeds only upon physical settlement of the forward sale agreements. The offering includes an underwriter option to purchase up to an additional $390,000,000 of shares. The prospectus supplement discloses alternative settlement mechanics (physical settlement, cash settlement or net share settlement), settlement-price adjustments tied to an overnight bank funding rate less a spread, and potential dilution and acceleration risks tied to the forward sale agreement terms.
American Electric Power’s Controller and Chief Accounting Officer Kate Dixon had a portion of her restricted stock units vest, triggering tax withholding in shares rather than cash. On May 1, 2026, 2,147 restricted stock units from a May 9, 2023 grant vested.
To cover the related tax liability, 636 shares were withheld at a value of $136.91 per share. This is a tax-withholding disposition, not an open-market sale. After these mechanics, Dixon directly holds 17,780 shares of American Electric Power common stock.
American Electric Power Co., Inc. executive Douglas A. Cannon, President AEP Transmission, had 1,770 restricted stock units disposed of on May 1, 2026 through shares being withheld to cover tax obligations on vesting. A portion of his restricted stock units grant (6,081 units granted June 11, 2025) vested, and shares were retained after tax withholding. Following this routine compensation-related tax withholding event, Cannon directly holds 25,655 shares of American Electric Power common stock.
American Electric Power Executive Vice President Greg B. Hall reported a compensation-related share transaction. On May 1, 2026, a portion of his restricted stock units vested, and 4,306 shares were withheld at $136.91 per share to cover tax liability. After this tax-withholding disposition, Hall directly held 36,019 shares of American Electric Power common stock.
American Electric Power reported stronger results for the first quarter of 2026, with earnings attributable to common shareholders rising to $874 million from $800 million a year earlier. Non‑GAAP operating earnings increased to $891 million, driven by higher transmission investment, favorable rate outcomes and growing commercial and industrial demand, including new data processing load.
The company is executing a $78 billion five‑year capital plan focused on transmission upgrades, new generation and distribution reliability. It added an 870 MW natural gas plant in Ohio, secured approvals for 2,091 MW of renewables, issued RFPs totaling 12,700 MW and expanded its transmission footprint through sizable PJM and MISO projects. AEP also agreed to acquire solid oxide fuel cells for about $2.65 billion under a 20‑year offtake contract.
American Electric Power reported solid first-quarter 2026 growth, with GAAP earnings of $874 million or $1.61 per share, up from $800 million or $1.50 per share a year earlier. Operating earnings rose to $891 million or $1.64 per share, compared with $823 million or $1.54 per share in first-quarter 2025.
Revenue increased to $6.02 billion from $5.46 billion, supported by strong demand, especially from data centers and large industrial customers in Ohio and Texas. AEP now expects incremental load growth to reach 63 gigawatts by 2030, with 41 gigawatts tied to AEP Texas.
The company raised its five-year capital plan to $78 billion, up from $72 billion, including $33 billion of transmission projects, and sees an expected operating earnings CAGR of greater than 9% through 2030. AEP reaffirmed its 2026 operating earnings guidance of $6.15 to $6.45 per share and forecasts nearly 11% annual rate-base growth, while highlighting up to $16 billion in long-term cost offsets for existing customers from large-load contracts.