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Nasdaq · USD

AEP

AMERICAN ELECTRIC POWER CO INC

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2986
SEC CIK
0000004904
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951

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0 purchase rows · 5 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
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MonthPurchasesSales
Nov 202501
Dec 202501
Jan 202600
Feb 202602
Mar 202600
Apr 202600
May 202600
Jun 202600
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Sep 202601
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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
December 31, 2025 Filed Jan 5, 2026 18:53 UTC GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000318 · wk-form4_1767639207.xml · derivative · entry 1

Tucker Sara Martinez · CIK 0001454655 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,261

Underlying: Common Stock · 368 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:51 UTC GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000315 · wk-form4_1767639078.xml · derivative · entry 1

McCarthy Margaret M · CIK 0001485980 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,981

Underlying: Common Stock · 368 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:45 UTC
GARCIA ART ADirector
GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000311 · wk-form4_1767638740.xml · derivative · entry 1

GARCIA ART A · CIK 0001183585 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,184

Underlying: Common Stock · 368 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:41 UTC GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000306 · wk-form4_1767638508.xml · derivative · entry 2

Stoddard Daniel G. · CIK 0001795516 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,484

Underlying: Common Stock · 368 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F3 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F3 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

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December 31, 2025 Filed Jan 5, 2026 18:41 UTC GrantCommon Stock 346 $115.31 $39,897.26
Disclosure

SEC source: 0001628280-26-000306 · wk-form4_1767638508.xml · nonDerivative · entry 1

Stoddard Daniel G. · CIK 0001795516 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,609

F1 · security: The reporting owner deferred receipt of his $40,000 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting owner may transfer amounts in the AEP Stock Fund into an alternate investment plan at any time.

F2 · price: Was AEP Stock Price at the time of the transaction.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:43 UTC GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000308 · wk-form4_1767638629.xml · derivative · entry 1

LIN SANDRA BEACH · CIK 0001220571 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,871

Underlying: Common Stock · 368 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:38 UTC GrantPhantom Stock Units · Derivative 368 $115.31 Strike: $0.00 $42,434.08
Disclosure

SEC source: 0001628280-26-000304 · wk-form4_1767638336.xml · derivative · entry 3

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,340

Underlying: Common Stock · 368 shares

Expires not disclosed

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F2 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:36 UTC GrantPhantom Stock Units · Derivative 123 $115.31 Strike: $0.00 $14,183.13
Disclosure

SEC source: 0001628280-26-000301 · wk-form4_1767638200.xml · derivative · entry 2

Roberts Daryl · CIK 0001836184 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 123

Underlying: Common Stock · 123 shares

Expires not disclosed

F3 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F2 · price: Was AEP Stock Price at the time of the transaction.

F4 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F4 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

Read SEC document
December 31, 2025 Filed Jan 5, 2026 18:36 UTC GrantPhantom Stock Units · Derivative 245 $115.31 Strike: $0.00 $28,250.95
Disclosure

SEC source: 0001628280-26-000301 · wk-form4_1767638200.xml · derivative · entry 1

Roberts Daryl · CIK 0001836184 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,056

Underlying: Common Stock · 245 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
December 18, 2025 Filed Dec 22, 2025 16:30 UTC
Fehrman WilliamDirector · CEO and President
GrantRestricted Stock Units 43,260 $115.58 $4,999,990.80
Disclosure

SEC source: 0001628280-25-058421 · wk-form4_1766421031.xml · nonDerivative · entry 1

Fehrman William · CIK 0002006412 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 116,502

F1 · shares: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest on December 31, 2030.

Read SEC document
December 12, 2025 Filed Dec 15, 2025 19:26 UTC SaleCommon Stock 5,000 $115.07 $575,350.00
Disclosure

SEC source: 0001628280-25-056943 · wk-form4_1765826775.xml · nonDerivative · entry 1

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,898

F1 · shares: The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

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November 14, 2025 Filed Nov 17, 2025 18:47 UTC SaleCommon Stock 5,000 $121.58 $607,900.00
Disclosure

SEC source: 0001628280-25-052536 · wk-form4_1763405219.xml · nonDerivative · entry 1

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 30,898

F1 · shares: The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

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October 21, 2025 Filed Oct 23, 2025 13:33 UTC
Ferneau Kelly JExecutive Vice President
GrantResticted Stock Units 6,386 $117.43 $749,907.98
Disclosure

SEC source: 0001628280-25-045997 · wk-form4_1761226384.xml · nonDerivative · entry 1

Ferneau Kelly J · CIK 0002043394 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,063

F1 · security: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest on October 1, 2028.

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October 10, 2025 Filed Oct 14, 2025 12:49 UTC SaleCommon Stock 5,000 $117.52 $587,600.00
Disclosure

SEC source: 0001628280-25-044873 · wk-form4_1760446162.xml · nonDerivative · entry 1

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 35,898

F1 · shares: The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

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October 02, 2025 Filed Oct 3, 2025 14:23 UTC
Ferneau Kelly JExecutive Vice President
SaleCommon Stock 1,006 $112.00 $112,672.00
Disclosure

SEC source: 0001628280-25-043933 · wk-form4_1759501382.xml · nonDerivative · entry 3

Ferneau Kelly J · CIK 0002043394 · Executive Vice President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 5,676

F3 · shares: The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 15, 2025.

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October 01, 2025 Filed Oct 3, 2025 14:23 UTC
Ferneau Kelly JExecutive Vice President
Tax withholdingRestricted Stock Units 351 $112.75 $39,575.25
Disclosure

SEC source: 0001628280-25-043933 · wk-form4_1759501382.xml · nonDerivative · entry 2

Ferneau Kelly J · CIK 0002043394 · Executive Vice President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 6,735

F2 · shares: A portion of the reporting person's restricted stock unit (1,225) granted on October 23, 2023, vested on October 1, 2025. Upon vesting, 351 restricted stock units were withheld to satisfy the reporting person's tax liability.

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October 01, 2025 Filed Oct 3, 2025 14:23 UTC
Ferneau Kelly JExecutive Vice President
Tax withholdingRestricted Stock Units 53 $112.75 $5,975.75
Disclosure

SEC source: 0001628280-25-043933 · wk-form4_1759501382.xml · nonDerivative · entry 1

Ferneau Kelly J · CIK 0002043394 · Executive Vice President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 6,682

F1 · shares: A portion of the reporting person's restricted stock unit (185) granted on July 2, 2022, vested on October 1, 2025. Upon vesting, 53 restricted stock units were withheld to satisfy the reporting person's tax liability.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:10 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043598 · wk-form4_1759421448.xml · derivative · entry 1

Sauvage Joseph G · CIK 0002062133 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 790

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:09 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043596 · wk-form4_1759421350.xml · derivative · entry 1

Roberts Daryl · CIK 0001836184 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,729

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:08 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043593 · wk-form4_1759421282.xml · derivative · entry 1

Linginfelter Henry P · CIK 0001403613 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,943

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:06 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043588 · wk-form4_1759421190.xml · derivative · entry 1

GARY HUNTER CLARK · CIK 0001425798 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,943

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:04 UTC
GARCIA ART ADirector
GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043584 · wk-form4_1759421087.xml · derivative · entry 1

GARCIA ART A · CIK 0001183585 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,801

Underlying: Common Stock · 377 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:03 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043582 · wk-form4_1759421022.xml · derivative · entry 1

Tucker Sara Martinez · CIK 0001454655 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,893

Underlying: Common Stock · 377 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 16:02 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043579 · wk-form4_1759420942.xml · derivative · entry 1

McCarthy Margaret M · CIK 0001485980 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,592

Underlying: Common Stock · 377 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 15:56 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043573 · wk-form4_1759420616.xml · derivative · entry 1

LIN SANDRA BEACH · CIK 0001220571 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,360

Underlying: Common Stock · 377 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 15:55 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043571 · wk-form4_1759420538.xml · derivative · entry 1

Von Thaer Lewis · CIK 0001319553 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,144

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
September 30, 2025 Filed Oct 2, 2025 15:54 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043569 · wk-form4_1759420462.xml · derivative · entry 2

Stoddard Daniel G. · CIK 0001795516 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,081

Underlying: Common Stock · 377 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F3 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F3 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

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September 30, 2025 Filed Oct 2, 2025 15:54 UTC GrantCommon Stock 355 $112.50 $39,937.50
Disclosure

SEC source: 0001628280-25-043569 · wk-form4_1759420462.xml · nonDerivative · entry 1

Stoddard Daniel G. · CIK 0001795516 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,596

F1 · security: The reporting owner deferred receipt of his $40,000 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting owner may transfer amounts in the AEP Stock Fund into an alternate investment plan at any time.

F2 · price: Was AEP Stock Price at the time of the transaction.

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September 30, 2025 Filed Oct 2, 2025 15:51 UTC GrantPhantom Stock Units · Derivative 377 $112.50 Strike: $0.00 $42,412.50
Disclosure

SEC source: 0001628280-25-043566 · wk-form4_1759420290.xml · derivative · entry 3

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,922

Underlying: Common Stock · 377 shares

Expires not disclosed

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F2 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

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September 29, 2025 Filed Sep 30, 2025 16:16 UTC
Knapp Alicia RExecutive Vice President
GrantResticted Stock Units 5,875 $109.78 $644,957.50
Disclosure

SEC source: 0001628280-25-043193 · wk-form4_1759248966.xml · nonDerivative · entry 2

Knapp Alicia R · CIK 0001926822 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,011

F2 · security: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest in three equal installments on October 1, 2026, October 1, 2027, and October 1, 2028.

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September 29, 2025 Filed Sep 30, 2025 16:16 UTC
Knapp Alicia RExecutive Vice President
GrantResticted Stock Units 4,136 $109.78 $454,050.08
Disclosure

SEC source: 0001628280-25-043193 · wk-form4_1759248966.xml · nonDerivative · entry 1

Knapp Alicia R · CIK 0001926822 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,136

F1 · security: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest in three equal installments on February 21, 2026, February 21, 2027, and February 21, 2028.

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September 12, 2025 Filed Sep 15, 2025 17:50 UTC SaleCommon Stock 5,000 $108.65 $543,250.00
Disclosure

SEC source: 0001206908-25-000007 · wk-form4_1757958630.xml · nonDerivative · entry 1

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 40,898

F1 · shares: The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

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August 15, 2025 Filed Aug 18, 2025 18:58 UTC SaleCommon Stock 5,000 $111.99 $559,950.00
Disclosure

SEC source: 0000004904-25-000149 · wk-form4_1755543523.xml · nonDerivative · entry 1

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 45,898

F1 · shares: The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2025.

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August 15, 2025 Filed Aug 18, 2025 18:56 UTC
Ferneau Kelly JExecutive Vice President
SaleCommon Stock 3,428 $111.99 $383,901.72
Disclosure

SEC source: 0000004904-25-000147 · wk-form4_1755543367.xml · nonDerivative · entry 1

Ferneau Kelly J · CIK 0002043394 · Executive Vice President

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 7,025

F1 · shares: The sale reported within this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on May 15, 2025.

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August 01, 2025 Filed Aug 4, 2025 18:53 UTC
Fehrman WilliamDirector · CEO and President
Tax withholdingResticted Stock Units 6,193 $113.58 $703,400.94
Disclosure

SEC source: 0000004904-25-000143 · wk-form4_1754333581.xml · nonDerivative · entry 1

Fehrman William · CIK 0002006412 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 73,174

F1 · shares: A portion of the Reporting Person's restricted stock units (13,655) granted on August 1, 2024, vested on August 1, 2025. Upon vesting, 6,193 restricted stock units were withheld to satisfy the Reporting Person's tax liability.

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July 22, 2025 Filed Jul 23, 2025 17:54 UTC GrantCommon Stock 1,815 $110.16 $199,940.40
Disclosure

SEC source: 0000004904-25-000129 · wk-form4_1753293201.xml · nonDerivative · entry 1

Tucker Sara Martinez · CIK 0001454655 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,073

F1 · shares: On July 22, 2025, Ms. Tucker received 1,815 unrestricted stock units for her service as Chair of the Board of Directors to the Company.

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July 21, 2025 Filed Jul 22, 2025 15:44 UTC
Eckert Johannes GExecutive Vice President
GrantResticted Stock Units 2,040 $108.55 $221,442.00
Disclosure

SEC source: 0000004904-25-000125 · wk-form4_1753199052.xml · nonDerivative · entry 1

Eckert Johannes G · CIK 0002075346 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,040

F1 · security: Each Restricted Stock Units represents a contingent right to receive AEP common stock upon vesting. The Restricted Stock Units vest in three equal installments on February 21, 2026, February 21, 2027, and February 21, 2028.

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July 14, 2025 Filed Jul 15, 2025 18:53 UTC
Berntsen RobertExecutive Vice President
GrantResticted Stock Units 13,883 $105.02 $1,457,992.66
Disclosure

SEC source: 0000004904-25-000121 · wk-form4_1752605626.xml · nonDerivative · entry 2

Berntsen Robert · CIK 0002022857 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,657

F2 · security: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest in three equal installments on October 1, 2026, October 1, 2027, and October 1, 2028.

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July 14, 2025 Filed Jul 15, 2025 18:53 UTC
Berntsen RobertExecutive Vice President
GrantResticted Stock Units 3,774 $105.02 $396,345.48
Disclosure

SEC source: 0000004904-25-000121 · wk-form4_1752605626.xml · nonDerivative · entry 1

Berntsen Robert · CIK 0002022857 · Executive Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,774

F1 · security: Each restricted stock unit represents a contingent right to receive AEP common stock upon vesting. The restricted stock units vest in three equal installments on February 21, 2026, February 21, 2027, and February 21, 2028.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:22 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000117 · wk-form4_1751469751.xml · derivative · entry 3

FOWKE BENJAMIN G S III · CIK 0001206908 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,498

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F2 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:14 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000112 · wk-form4_1751469289.xml · derivative · entry 1

McCarthy Margaret M · CIK 0001485980 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,196.4

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:17 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000114 · wk-form4_1751469416.xml · derivative · entry 1

Tucker Sara Martinez · CIK 0001454655 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,264.66

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:13 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000109 · wk-form4_1751469193.xml · derivative · entry 1

LIN SANDRA BEACH · CIK 0001220571 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,834.81

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F1 · security: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F1 · shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

F3 · price: Was AEP Stock Price at the time of the transaction.

F2 · derivative.exercise_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F2 · derivative.expiration_date: Shares of phantom stock are payable in cash following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

F1 · derivative.underlying_shares: Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock.

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June 30, 2025 Filed Jul 2, 2025 15:11 UTC
JAMES DONNADirector
GrantPhantom Stock Units · Derivative 136.53 $103.76 Strike: $0.00 $14,166.35
Disclosure

SEC source: 0000004904-25-000107 · wk-form4_1751469085.xml · derivative · entry 1

JAMES DONNA · CIK 0001197735 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 136.53

Underlying: Common Stock · 136.53 shares

Expires not disclosed

F1 · shares: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.underlying_shares: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:03 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000105 · wk-form4_1751468606.xml · derivative · entry 1

Von Thaer Lewis · CIK 0001319553 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,709.07

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 15:00 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000103 · wk-form4_1751468417.xml · derivative · entry 1

Roberts Daryl · CIK 0001836184 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,272.53

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 14:58 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000101 · wk-form4_1751468318.xml · derivative · entry 1

Linginfelter Henry P · CIK 0001403613 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,543.5

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 14:57 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000099 · wk-form4_1751468234.xml · derivative · entry 1

GARY HUNTER CLARK · CIK 0001425798 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,543.5

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 14:47 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000097 · wk-form4_1751467638.xml · derivative · entry 1

Sauvage Joseph G · CIK 0002062133 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 409.59

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F1 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F1 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

Read SEC document
June 30, 2025 Filed Jul 2, 2025 14:40 UTC GrantPhantom Stock Units · Derivative 409.59 $103.76 Strike: $0.00 $42,499.06
Disclosure

SEC source: 0000004904-25-000093 · wk-form4_1751467189.xml · derivative · entry 2

Stoddard Daniel G. · CIK 0001795516 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,672.19

Underlying: Common Stock · 409.59 shares

Expires not disclosed

F2 · price: Was AEP Stock Price at the time of the transaction.

F3 · derivative.exercise_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

F3 · derivative.expiration_date: Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.