AEP enters forward sale agreements for 22.5M shares at $99.756; over-allotment exercised

AMERICAN ELECTRIC POWER CO INC

Forward sale agreements with Citibank and Barclays cover 22,549,020 shares (including over-allotment).
Initial forward price $99.756 per share; company expects physical settlement by Dec 31, 2026.
Underwriters exercised full over-allotment of 2,941,176 shares on March 25, 2025.
Proceeds received only upon physical settlement; forward price adjusts for interest and dividends.
Company may elect cash or net share settlement, reducing proceeds if not physical settlement.

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