American Electric Power Director Acquires Phantom Stock Units

Executive Summary

On October 2, 2026, American Electric Power Co. Inc. ($AEP) filed a Form 4 disclosing that Director Benjamin G.S. Fowke III acquired 379 phantom stock units on September 30, 2026. The transaction was priced at $118.64 per unit, representing an aggregate value of approximately $44,964.56.

Transaction Details

• Security: Phantom Stock Units
• Transaction Code: 'A' (Grant, award, or other acquisition under an employee benefit plan)
• Underlying Shares Transacted: 379 Common Stock equivalents
• Unit Price: $118.64 (representing AEP stock price at the time of the transaction)
• Post-Transaction Holdings: 7,504 phantom stock units directly held.
• Additional Common Stock Holdings: 2,392 shares held under the director deferral plan and 25,898 directly held common shares.

Plan Mechanics and Vesting

Per the filing footnotes, the phantom stock units are credited under the AEP Stock Unit Accumulation Plan for Non-Employee Directors (or quarterly retainer deferral). Units are settled in cash or shares upon termination of service, unless deferred for a period commencing within five years thereafter.

Market Significance

This transaction carries Low trading significance as it represents standard non-employee director compensation deferral rather than open-market buying or selling activity.