Nicholas K. Akins - May 2, 2023 Form 4 Insider Report for AMERICAN ELECTRIC POWER CO INC (AEP)

Signature
/s/ David C. House, Attorney-in-Fact for Nicholas K. Akins
Stock symbol
AEP
Transactions as of
May 2, 2023
Transactions value $
-$973,040
Form type
4
Date filed
5/3/2023, 11:17 AM
Previous filing
May 2, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEP Common Stock Sale -$973K -10.5K -7.71% $92.75 126K May 2, 2023 Direct F1
holding AEP Common Stock 22.3K May 2, 2023 Indirect F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 25, 2022.
F2 These shares are held by a trust for the benefit of the reporting person's spouse, of which the reporting person's spouse is the trustee. The reporting person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.