LIN SANDRA BEACH 4

What Happened Sandra Beach Lin, a director of American Electric Power Co., was reported on a Form 4 as receiving a grant/award of phantom stock units under AEP’s Stock Unit Accumulation Plan for Non‑Employee Directors. The filing records 0 shares acquired (derivative) and a transaction price noted as $136.81 (AEP share price at the time). The reported grant is a phantom/stock‑unit award (cash‑settled or share‑settled), not an open‑market purchase or sale of AEP common stock.

Key Details

• Transaction date: 2026‑06‑30; Form filed: 2026‑07‑01 (timely).
• Reported transaction: Code A (award/grant) of derivative phantom stock units; shares acquired shown as 0 and value shown as $0 on the Form 4.
• Price shown: $136.81 (AEP stock price at time of transaction; per footnote).
• Shares owned after transaction: The filing does not report direct common shares acquired in this transaction; beneficial ownership of common stock was not increased by any open‑market purchase in this filing.
• Footnotes: Phantom units represent the right to the cash value of one share of AEP common stock (F1). Phantom stock may be paid in cash or shares after termination of board service and can be moved into an alternative investment account at any time (F2).
• Filing timeliness: No late filing indicated.

Context This was a derivative award of phantom stock units to a non‑employee director — a routine compensation mechanism for board members. Phantom units do not immediately transfer actual shares unless and until settled; they represent a future cash or share payout tied to AEP’s stock value. Such grants are common for directors and do not by themselves signal a buy/sell decision in the market.