Ferneau Kelly J 4

What Happened
Kelly J. Ferneau, Executive Vice President of American Electric Power (AEP), was granted restricted stock units (RSUs) in two awards: 2,693 RSUs on 2026-02-16 at $129.94 each (value $349,928) and 2,495 RSUs on 2026-02-17 at $130.20 each (value $324,849). Total awarded: 5,188 RSUs with an aggregate grant value of approximately $674,777. These were reported on a Form 4 filed 2026-02-18 (transaction code A = award/grant).

Key Details

• Transaction dates and prices: 2026-02-16 — 2,693 RSUs @ $129.94; 2026-02-17 — 2,495 RSUs @ $130.20.
• Total awarded: 5,188 RSUs; total reported value ≈ $674,777.
• Shares owned after transaction: not specified in the excerpt of this filing.
• Footnote: Each RSU represents a right to receive AEP common stock on vesting; vest in three equal installments on Feb 21, 2027, Feb 21, 2028, and Feb 21, 2029.
• Filing timeliness: Form 4 filed 2026-02-18 covering 2026-02-16 — appears to be timely.
• No 10b5-1 plan, tax-withholding sale, or immediate sale noted in this filing.

Context
Restricted stock units are compensation awards that convert into shares upon vesting; they are not open-market purchases or immediate sales. Because these RSUs vest over three years, they primarily reflect compensation/retention rather than an immediate change in insider stock ownership or market view. The grant value (~$675k) is material from a compensation standpoint but does not indicate a current buy or sell action in the open market.