Form 4: American Express CEO Stephen Squeri Executes Stock Options and Sells Shares
SEC Form 4 Filing
American Express CEO Stephen Squeri exercised stock options and sold shares on November 7, 2024, according to a Form 4 filing with the SEC.
Summary
- On November 7, 2024, Stephen Squeri, the Chairman and CEO of American Express, exercised employee stock options to acquire 66,225 shares at $97.98 and 104,407 shares at $100.96.
- Squeri then sold a total of 170,632 shares of common stock in multiple transactions at prices ranging from $284.90 to $288.54.
- Following these transactions, Squeri directly owns 92,810 shares of American Express common stock.
- He also indirectly owns 38,750 shares through a 2020 Grantor Retained Annuity Trust (GRAT) and 59,535 shares through the 401(k) Trust.
- 16,500 shares were transferred from the Grantor Retained Annuity Trust on November 7, 2024, in the form of the annuity.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.
Industry Context
Executive stock option exercises and share sales are common and are usually related to personal financial planning. The market will look to see if other executives are doing the same.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the overall impact is likely to be minimal given the size of the company and the trading volume of its stock.
Key Dates
| Date | Description |
|---|---|
| 01/23/2021 | Date Employee Stock Option (Right to Buy) was exercisable |
| 01/29/2022 | Date Employee Stock Option (Right to Buy) was exercisable |
| 01/23/2028 | Expiration Date of Employee Stock Option (Right to Buy) |
| 01/29/2029 | Expiration Date of Employee Stock Option (Right to Buy) |
| 11/07/2024 | Date of earliest transaction: Exercise of stock options and sale of shares. |
| 11/07/2024 | 16,500 shares transferred from the Grantor Retained Annuity Trust on November 7, 2024, in the form of the annuity. |
| 11/12/2024 | Date of signature of the report. |
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