Ulrich Phillip R. 4

What Happened
Phillip R. Ulrich, Executive Vice President of American Electric Power (AEP), was granted 2,879 restricted stock units (RSUs) on February 17, 2026. The grant is reported at a per-share value of $130.24, for a total grant value of $374,961. This transaction is an award/grant (transaction code A), meaning Ulrich received a compensation award rather than buying shares on the open market.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19 (filed within the standard two-business-day window).
• Grant size and value: 2,879 RSUs × $130.24 = $374,961.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Each RSU represents a right to receive one AEP common share upon vesting. The RSUs vest in three equal installments on Feb 21, 2027; Feb 21, 2028; and Feb 21, 2029.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the filing.

Context
RSU grants are a form of compensation that convert into actual shares only when they vest; they are not immediate open-market purchases and therefore don’t directly signal the insider buying more stock. For investors, awards indicate management compensation alignment with shareholder value but should be interpreted differently from outright purchases.