Von Thaer Lewis 4

What Happened
Von Thaer Lewis, a director of American Electric Power Co., was reported as the recipient of a grant/award (derivative stock units) on 2026-06-30. The Form 4 lists 0 stock units acquired at a per-share reference price of $136.81, resulting in a $0 reported value. This was an award (not a purchase or sale), so it does not indicate an immediate cash outflow or share sale.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-01 (appears timely).
• Reported transaction: Grant/award (code A) of 0 stock units.
• Per-share reference price: $136.81 (footnote F2: AEP stock price at transaction time).
• Reported total value: $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: Stock units are paid to the director in cash or shares upon termination of service unless the director elected deferred payment (up to five years).

Context
This was a derivative award (stock units), not an open-market buy or sale. Because the grant quantity is 0 and the reported value is $0, there is no immediate change to the director’s economic exposure from this filing. Awards and deferred-compensation grants are common for directors and do not by themselves indicate a bullish or bearish signal.