AEP President Douglas A. Cannon Receives Restricted Stock Award

What Happened Douglas A. Cannon, President — AEP Transmission at American Electric Power (AEP), was granted 4,798 restricted stock units (RSUs) on February 17, 2026. The grant is recorded at $130.24 per share, giving the award a notional value of $624,892. This was an equity award (code A) as part of compensation — not an open-market purchase or sale.

Key Details

• Transaction date: February 17, 2026; filing date: February 19, 2026 (Form 4 accession 0001628280-26-009597). Filing appears timely (within the typical 2-business-day window).
• Grant: 4,798 RSUs @ $130.24 per share; total notional value $624,892.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A (award/grant).
• Footnote: Each RSU represents the right to receive one AEP common share upon vesting. Vesting occurs in three equal installments on Feb 21, 2027; Feb 21, 2028; and Feb 21, 2029.

Context Restricted stock units are compensation awards that convert into company shares at vesting; they are not an immediate cash purchase or sale. The grant reflects executive compensation and will only result in actual share ownership as the RSUs vest on the dates above.