American Electric Power Enters Forward Sale and Underwriting Agreements

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entered into forward sale agreements with Bank of America, N.A., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, involving 20,472,442 shares of its common stock. On May 13, 2026, the underwriters exercised an option to purchase an additional 3,070,866 shares. The company also entered into an underwriting agreement with the same entities for the sale of these shares. The forward sale price is initially set at $124.968 per share, subject to adjustments. The company has the right to elect cash or net share settlement, but if the forward purchasers accelerate the agreement, the company must physically settle by delivering shares. The agreements are subject to certain conditions, including events that could lead to an extraordinary event or default.

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About American Electric Power Company, Inc.

American Electric Power Company, Inc. is a leading electric utility company in the United States, primarily engaged in the generation, transmission, and distribution of electricity. With its headquarters in Columbus, Ohio, the company serves over five million customers across 11 states, making it one of the largest electric utilities by customer base. American Electric Power owns a significant amount of the United States' generation capacity, comprising a diversified energy portfolio that includes coal, natural gas, renewables, and nuclear energy sources. This diversification enables the company to provide a stable and reliable energy supply, vital for both residential and industrial sectors. By investing in infrastructure projects and innovations, such as smart grids and clean energy solutions, American Electric Power plays a crucial role in promoting energy efficiency and meeting regulatory demands for lower emissions. In the broader financial market, the company is considered a staple in the utility sector, frequently drawing attention from investors seeking steady revenue streams and dividends, given its long-standing presence and operational reliability in the industry.