Form 4: AEP Director Benjamin Fowke III Acquires Stock Units

Director Benjamin G.S. Fowke III acquired phantom stock units as part of a quarterly retainer deferral program for American Electric Power.

Summary

• Director Benjamin G.S. Fowke III acquired 324 phantom stock units on March 31, 2026.
• The transaction represents the deferral of a quarterly cash retainer into the AEP Stock Fund.
• The acquisition price was $131.08 per share.
• Following this transaction, the director holds 25,898 shares of common stock directly and 6,710 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation deferral.

Negatives

• None identified; this is a routine compensation-related transaction.

Risks

• Value of phantom stock units is subject to the market performance of AEP common stock.

Future Outlook

Not applicable; this is a routine disclosure of director compensation.

Industry Context

StockSavvy.ai notes that director participation in stock unit accumulation plans is a standard corporate governance practice in the utility sector, intended to align board incentives with long-term shareholder value.

Comparison to Industry Standards

• The use of stock unit accumulation plans for non-employee directors is consistent with governance practices at peer utilities such as Duke Energy and Southern Company.

Stakeholder Impact

• Minimal impact; reflects standard director compensation practices.

Next Steps

• No future actions required by the reporting person beyond standard periodic disclosures.

Key Dates

Keywords

AEP, American Electric Power, Director Transaction, Form 4, Insider Ownership, Equity Deferral