Phillip R. Ulrich, Executive Vice President at American Electric Power Co. Inc (NYSE:AEP), reported a sale of restricted stock units on February 27, 2026. According to a Form 4 filing with the Securities and Exchange Commission, Ulrich sold 4,106 restricted stock units at $132.08 per unit, generating proceeds of $542,320.
The sale occurred while AEP common stock was trading close to its 52-week high of $134.60; the shares were quoted at $134.03 at the time the report noted market context. The Form 4 disclosure also details transactions on February 26, 2026. On that date, Ulrich acquired 12,353 shares of common stock with a total reported value of $0, and he disposed of 5,510 shares of common stock with a total reported value of $0.
The filing specifies the February 27 sale was executed pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on August 7, 2025. Following the reported transactions, Ulrich directly holds 42,263 shares of American Electric Power.
These disclosures arrive as the company has been the subject of several analyst moves and a regulatory approval for a substantial transmission project. Jefferies raised its rating on AEP to Buy from Hold and increased its price target to $150 from $137, citing an expected rise in contracted load to 56 gigawatts by 2030 with a material portion concentrated in ERCOT. TD Cowen reaffirmed a Buy rating while raising its price target to $141, noting the company’s capital opportunities pipeline and improvements in earned returns on equity. Wolfe Research upgraded AEP to Outperform, assigning a $142 price target and pointing to what it describes as effective execution under new management.
Separately, PJM Interconnection approved a major electric transmission project for central Ohio. The project, developed by Transource Energy and FirstEnergy Transmission through Grid Growth Ventures LLC, encompasses approximately 300 miles of new 765-kilovolt lines and upgrades to substations intended to address growing power demands in the region. The Form 4 and the company-related developments together underline AEP’s ongoing strategic initiatives.
All transactions described above were disclosed in the SEC Form 4 filing attributed to the reporting person. The filing and the analyst actions are presented here as reported; the article does not provide additional commentary beyond the disclosures and notices of analyst ratings and the PJM approval.
Key financial and corporate details at a glance:
- Restricted stock units sold: 4,106 on February 27, 2026 at $132.08 each, totaling $542,320.
- Common stock transactions on February 26, 2026: 12,353 shares acquired (total value reported as $0); 5,510 shares disposed of (total value reported as $0).
- Sale executed under a Rule 10b5-1 trading plan adopted August 7, 2025; Form 4 filed with the SEC.
- Post-transaction direct ownership for Ulrich: 42,263 shares of American Electric Power.