GARCIA ART A 4

What Happened
Art A. Garcia, a non-employee director of American Electric Power Co. (AEP), received an award under AEP’s stock plan on 2026-06-30. The Form 4 reports a grant (code A) of phantom stock showing 0 units at a notional price of $136.81 per unit; the reported total value is $0. This is an award/derivative grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-01 (timely filing).
• Reported units: 0 phantom stock units; per-unit price shown: $136.81 (AEP share price at transaction time). Total reported value: $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1–F3 state these are phantom stock units under the AEP Stock Unit Accumulation Plan for non-employee directors; each phantom unit represents the right to receive the cash value of one AEP common share. Phantom units are payable in cash or shares after board service ends and can be moved into an alternative investment account at any time. F3 notes the per-unit price is AEP’s stock price at the transaction time.

Context
This was a derivative award (phantom stock) rather than a purchase or sale of actual shares. Phantom units typically provide deferred cash or share value and do not necessarily reflect an immediate change in beneficial ownership or indicate a buy/sell signal.