AEP grants CFO Zebula $2.25M in RSUs as retention incentive amid CEO search delay

AMERICAN ELECTRIC POWER CO INC

RSUs with total grant date value of $2,250,000 in lieu of standard 2025 annual LTI award.
$1.5M vests Dec 31, 2025, or earlier on retirement with CEO approval, change of control, or death.
Additional $125K vests on each month-end July 31 to Dec 31, 2025, if employed on those dates.
Purpose: retain CFO during expected delay in CEO and CFO succession searches.
Grant approved by HR Committee on April 22, 2024.

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