AMERICAN ELECTRIC POWER CO INC (AEP)

William J. Fehrman — Appointment | Elected as Chair of the Board effective August 1, 2025.; Has served on the Board since August 1, 2024.; Currently serves as Chief Executive Officer and President of the Company.

Sara Martinez Tucker — Departure | Resigned as Chair of the Board effective July 31, 2025.; Stated resignation was for personal reasons, not due to any disagreement.; Will remain on the Board.; Elected as independent Lead Director effective August 1, 2025.

David M. Feinberg — Transition/Severance Arrangement | Will cease serving as Executive Vice President and General Counsel effective July 13, 2025.; Will assume the role of Senior Advisor to the CEO from July 14, 2025.; Employment will end on August 15, 2025.

Therace M. Risch — Resignation | Resignation from the position of Executive Vice President and Chief Information and Technology Officer.; Effective date of resignation is April 1, 2025.

Named Executive Officers — CIC Agreement | Double-trigger requirement: requires both a Change in Control and a qualifying termination of employment; Severance multiple: 2.99x for CEO; 2.0x for other Named Executive Officers; Multiple is applied to the sum of base salary and target annual incentive; Pro-rated annual incentive for the year of termination at target level; Continued health and welfare benefits for 2 years (3 years for CEO if specified); No reimbursement or tax gross-up for excise taxes triggered under Section 280G; Payments are capped at the safe harbor limit if it results in a higher after-tax benefit (best-of-net provision)