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

Thomas J. Baltimore Jr., a director at American Express, acquired share equivalent units through the Directors' Deferred Compensation Plan on March 31, 2024.

Summary

• On March 31, 2024, Thomas J. Baltimore Jr., a director of American Express, acquired share equivalent units.
• The acquisition was made through the Directors' Deferred Compensation Plan.
• A total of 145.11 share equivalent units were acquired at a price of $223.97, resulting in a total of 6,514.26 units beneficially owned.
• These units are convertible immediately upon termination of service as a Director and have no expiration date.
• The share equivalent units will be settled in cash following termination of service as a Director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment by a director.

Positives

• The acquisition of share equivalent units demonstrates the director's continued investment in the company's future.
• The Directors' Deferred Compensation Plan allows directors to align their interests with those of shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates