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

Director John Joseph Brennan acquired share equivalent units in American Express through the Directors' Deferred Compensation Plan.

Summary

• On March 31, 2024, John Joseph Brennan, a director of American Express, acquired 290.22 share equivalent units.
• These units were obtained through the Directors' Deferred Compensation Plan.
• The price per unit was $223.97.
• Following the transaction, Brennan beneficially owns 24,208.6 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 sentiment is neutral to slightly positive. It reflects a routine transaction indicating a director's continued investment in the company, which is generally viewed favorably.

Positives

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

Industry Context

This filing is a routine disclosure related to director compensation and holdings, common among publicly traded companies. It reflects standard practices for aligning director interests with shareholder value through deferred compensation plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects the director's continued investment in the company.

Key Dates