secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2026-05-14T20:06:13+00:00
Accession:  0001193125-26-223988
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AEP enters forward sale agreements for 23.5M shares at $124.97/sh
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- Forward sale agreements with BofA, Goldman Sachs, Morgan Stanley for 20.47M shares; underwriters exercised option for additional 3.07M shares (total 23.54M).
- Initial forward price $124.968/sh; physical settlement expected on or before May 31, 2028, subject to adjustments.
- Proceeds only received upon physical settlement; company may elect cash or net share settlement under certain conditions.
- Forward purchasers can accelerate settlement if unable to hedge or upon certain dividend/merger events.
- Agreements automatically terminate upon bankruptcy; no proceeds or shares issued if terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000119312526223988/0001193125-26-223988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000119312526223988/d248447d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-223988

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