Sauvage Joseph G 4

What Happened

• Joseph G. Sauvage, a director of American Electric Power Co., received a grant/award of stock units (derivative) reported on 2026-03-31. The filing shows 0 shares issued/disposed and reports a reference stock price of $131.08; total cash value recorded for the filing is $0. This was an award (code A), not a market purchase or sale.

Key Details

• Transaction date: 2026-03-31 (Form 4 filed 2026-04-02 — timely).
• Transaction type: Award/Grant of stock units (derivative; code A).
• Shares recorded in transaction: 0 (no immediate shares issued or sold).
• Price reference: $131.08 per share (footnote F2 indicates this was AEP stock price at the time).
• Reported value: $0 in the filing (because no shares were issued at the time).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Stock units are payable in cash or shares upon termination of service unless the director elected deferred payment (may commence up to five years later) (footnote F1).

Context

• This filing documents a derivative award (stock units) rather than a buy or sell. Stock unit grants to directors are common compensation and do not necessarily indicate buying or selling activity in the market. Because no shares were issued immediately (0 reported), there was no change in open-market holdings at the time of the report.