Form 4: American Express Director Acquires Share Equivalent Units Through Deferred Compensation Plan

Christopher David Young, a director at American Express, acquired share equivalent units through the Directors' Deferred Compensation Plan.

Summary

• On March 31, 2024, Christopher David Young, a director of American Express, acquired share equivalent units.
• The acquisition was made through the Directors' Deferred Compensation Plan.
• Young acquired 166.63 share equivalent units at a price of $223.97.
• Following the transaction, Young beneficially owns 16,683.43 share equivalent units.
• These units are convertible to cash upon termination of service as a director and have no expiration date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral event with a slightly positive undertone due to the director's continued investment.

Positives

• The acquisition of share equivalent units demonstrates the director's continued investment in the company's future.

Future Outlook

The share equivalent units will be settled in cash following termination of service as a Director.

Industry Context

Directors' Deferred Compensation Plans are a common way for companies to provide additional compensation to their board members, aligning their interests with those of the shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice among publicly traded companies, including those in the financial services sector like JPMorgan Chase & Co. and Visa Inc.
• The specifics of these plans, such as the vesting schedules and payout methods, can vary, but the underlying principle of aligning director compensation with long-term shareholder value remains consistent.

Related Party Transactions

• The acquisition of share equivalent units through the Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of the director's interests with those of the shareholders.

Key Dates