American Electric Power Director Sara Martinez Tucker Acquires Phantom Stock Units

Executive Summary

On October 2, 2026, American Electric Power Co Inc ($AEP) filed a Form 4 disclosing that Director Sara Martinez Tucker acquired 379 Phantom Stock Units on September 30, 2026. The units were credited at a valuation of $118.64 per share under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, representing an award value of approximately $44,964.56.

Transaction Details

• Security: Phantom Stock Units
• Transaction Type: Grant / Award (Code A)
• Shares/Units Transacted: 379
• Price Per Share: $118.64
• Total Transaction Value: $44,964.56
• Direct/Indirect: Direct
• Post-Transaction Holdings: 33,246 Phantom Stock Units (along with 1,815 directly held Common Shares)

Plan & Settlement Terms

According to the footnotes:

• Each phantom stock unit represents the right to receive the cash value of one share of AEP common stock.
• Shares are payable in cash or stock following the termination of service on the Board.
• The reporting person maintains the option to transfer phantom stock balances into alternative investment accounts at any time.

Market Significance

This transaction represents routine quarterly equity compensation under the non-employee director compensation program and does not reflect an open-market purchase or discretionary shift in insider sentiment. The trading significance is Low.