Ferneau Kelly J 4

What Happened

• Kelly J. Ferneau, Executive Vice President of American Electric Power (AEP), received a grant of 4,941 performance share units on February 26, 2026 (transaction code A). To satisfy tax withholding obligations, 158 of those shares were surrendered (transaction code F), leaving 4,783 units deferred into AEP’s Career Shares program. The reported acquisition and withholding transactions show $0 cash price per share because these were compensation awards and a net-share settlement for taxes.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely within required filing window).
• Award: 4,941 performance share units (code A) at $0.00 reported price.
• Tax withholding: 158 shares surrendered/disposed (code F) at $0.00 reported price.
• Net deferred: 4,783 vested performance units were deferred into Career Shares (phantom stock) under AEP’s Stock Ownership Requirement Plan; Career Shares become payable upon the reporting person’s termination of employment (per footnote).
• Shares owned after transaction: not specified on the supplied filing details.
• Filing accession: 0001628280-26-013086.

Context

• This was an equity compensation award, not an open-market purchase or sale; such awards are routine executive compensation and do not necessarily signal the insider’s view of the stock. The F code indicates shares were withheld/surrendered to cover tax liabilities rather than a sale to a third party. Career Shares are a deferred/phantom stock arrangement payable later and may not represent immediately tradable shares.