GARCIA ART A 4

What Happened

• Art A. Garcia, a director of American Electric Power Co., received an award (transaction code A) on 2026-03-31 under the AEP Stock Unit Accumulation Plan for Non‑Employee Directors. The Form 4 reports 0 phantom share units acquired at a reported stock price of $131.08 and a reported value of $0. This award is a derivative (phantom stock) that represents the right to receive the cash value of AEP common stock rather than immediately issued shares.

Key Details

• Transaction date: 2026-03-31; reported filing date: 2026-04-02.
• Reported units acquired: 0 phantom stock units; reported per‑unit price: $131.08; reported value: $0.
• Shares owned after the transaction: not specified in the supplied data.
• Footnotes:
  • F1: Units represent phantom stock under the director accumulation plan; each unit equals the right to the cash value of one AEP share.
  • F2: Phantom stock is payable in cash or shares after the director leaves the board; units may be moved to an alternative investment account.
  • F3: $131.08 is AEP’s stock price at the time of the transaction.
• Filing status: Form filed 2026-04-02 (no late‑filing flag provided).

Context

• This was an award of phantom (derivative) units to a non‑employee director, not an open‑market purchase or sale. Phantom stock grants are a common form of director compensation and do not represent an immediate change in outstanding shares or a buy/sell signal. The units vest/payable under plan rules and will convert to cash or shares per the plan terms when payable.