AEP Transmission President Douglas A. Cannon Awarded 20,044 Restricted Stock Units

Insider Transaction Analysis

Overview: On October 19, 2026, Douglas A. Cannon, President of AEP Transmission at American Electric Power Co Inc ($AEP), was granted 20,044 Restricted Stock Units (RSUs) valued at $124.72 per share, representing an aggregate equity award value of approximately $2.50 million.

Transaction Details:

• Transaction Code: A (Grant/Award)
• Shares Acquired: 20,044
• Reported Price: $124.72
• Vesting Terms: According to footnote (1), each restricted stock unit represents a contingent right to receive one share of AEP common stock upon vesting, with a single cliff vesting date of October 1, 2031 (a 5-year vesting schedule).
• Post-Transaction Holdings: Direct beneficial ownership increased to 46,007 units/shares.

Market & Trading Significance:

• Trading Significance: Low.
• This transaction represents a routine equity compensation award rather than an open-market purchase or sale. Because the acquisition is an incentive-based corporate grant with long-term vesting (2031), it does not convey direct open-market sentiment or immediate liquidity pressure, although it aligns executive retention with multi-year shareholder value.