American Electric Power Announces Departure of President Nuclear Development Alicia Knapp

Executive Departure Summary

On September 30, 2026, American Electric Power Company, Inc. (NASDAQ: AEP) submitted a Form 8-K report under Item 5.02 disclosing that Alicia Knapp, President Nuclear Development, left the company effective September 29, 2026.

Separation Details & Compensatory Arrangements

• Nature of Separation: Involuntary separation.
• Severance Plan Eligibility: Benefits are conditioned upon Ms. Knapp entering into a severance, release of all claims, and noncompetition agreement with the company.
• Severance Benefits:
  • Cash severance equal to one times (1x) current base salary.
  • Target annual incentive compensation payout.
  • Prorated vesting of outstanding performance shares and restricted stock units (RSUs) pursuant to the company's long-term incentive plan.
• Restrictive Covenants:
  • Non-compete agreement effective for one year post-departure.
  • Re-affirmation of confidentiality, non-solicitation, non-disparagement, and cooperation covenants.

Context & Market Significance

• Operational Scope: As President of Nuclear Development, Ms. Knapp led nuclear initiatives and growth strategies at AEP.
• Market Impact: Low direct trading significance. The departure appears structured pursuant to standard corporate severance plan terms rather than indicative of broader operational or accounting discrepancies.