American Electric Power Reports Departure of Nuclear Development President

What Happened
American Electric Power Company, Inc. (AEP) filed an 8-K on September 30, 2026 reporting that Alicia Knapp, President Nuclear Development, left the company effective September 29, 2026. Her involuntary separation may trigger benefits under AEP’s Executive Severance Plan if she signs a severance, release and noncompetition agreement with the company. The report was signed by David C. House, Assistant Secretary.

Key Details

• Effective separation date: September 29, 2026.
• Potential severance: one times Ms. Knapp’s current salary plus her target annual incentive compensation (dollar amounts not disclosed).
• Equity treatment: prorated vesting of performance shares and restricted stock units under AEP’s long-term incentive plan, subject to the Agreement.
• Agreement conditions: Ms. Knapp would need to release claims, agree to a one-year noncompete, and reaffirm non-solicitation, confidentiality, non-disparagement and cooperation covenants.

Why It Matters
This is an executive leadership change in AEP’s nuclear development group and may lead to severance-related cash and equity expense if Ms. Knapp signs the required agreement. The one-year noncompete and other covenants could affect her post‑departure employment options. Investors should note the personnel change and any future disclosures about successor leadership or related compensation payments.