FOWKE BENJAMIN G S III 4

What Happened

• Benjamin G.S. Fowke III, a non-employee director of American Electric Power (AEP), reported a derivative award (transaction code A) on 2026-03-31. The filing shows 0 shares acquired and lists AEP’s stock price at $131.08; total value reported for this entry is $0. The award relates to deferred quarterly cash retainer amounts credited to the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely).
• Transaction type/code: Award/Grant (A); derivative stock units (not an open-market purchase or sale).
• Price listed: $131.08 per share (footnote indicates this was AEP’s stock price at time of transaction).
• Shares acquired per this line: 0; reported total value: $0.
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: F1 — director deferred quarterly cash retainer into AEP Stock Fund and may move amounts to other investments; F2 — stock units are paid in cash or shares upon service termination unless the director elected deferred payout (up to five years); F3 — $131.08 is the stock price at transaction time.

Context

• This filing documents derivative stock units tied to deferred compensation, not an open-market buy or sale. Such awards typically reflect plan accounting and do not necessarily indicate a change in the director’s public equity ownership or market sentiment. Stock units are usually converted to cash or shares upon termination (or after an elected deferral period).