Ferneau Kelly J 4

What Happened

• Kelly J. Ferneau, Executive Vice President of American Electric Power (AEP), was awarded 14 performance share units on 2026-03-10 (code A) valued at $132.31 per share (total ≈ $1,852).
• Simultaneously, 8 of those shares were withheld to satisfy tax withholding (code F) at the same per-share price (8 × $132.31 ≈ $1,058). The reporting person deferred the 6 vested performance units remaining (net of taxes) into AEP Career Shares (phantom stock) under the Stock Ownership Requirement Plan; those Career Shares are payable upon termination of employment.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely within the 2-business-day window).
• Award: 14 performance share units @ $132.31 = ~$1,852.
• Tax withholding: 8 shares withheld @ $132.31 = ~$1,058.
• Net/Deferred: 6 vested performance units deferred into Career Shares (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding for taxes).

Context

• This was a standard compensation-related award of performance units, not an open-market purchase or sale. Withholding shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment.
• Deferred Career Shares are a form of phantom stock that pay out later (here, upon termination), so the reporting person did not immediately receive all awarded shares in liquid form.