Form 4: American Express Director Charles E. Phillips Jr. Reports Acquisition of Share Equivalent Units

Charles E. Phillips Jr., a director of American Express, reported the acquisition of share equivalent units under the Directors' Deferred Compensation Plan.

Summary

• On September 30, 2024, Charles E. Phillips Jr., a director of American Express Co, acquired share equivalent units.
• The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
• A total of 137.65 share equivalent units were acquired at a price of $263.35.
• Following the transaction, Phillips directly owns 7,940.024 share equivalent units.
• 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 sentiment is neutral to slightly positive. The acquisition of share equivalent units by a director suggests confidence in the company, but it's a routine transaction under a deferred compensation plan.

Positives

• The acquisition of share equivalent units by a director signals confidence in the company's future performance.

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 common in publicly traded companies as a way to align the interests of directors with those of shareholders and provide tax-advantaged savings opportunities.

Comparison to Industry Standards

• Director compensation plans vary across companies, but deferred compensation plans are a common component.
• Comparing the specific terms of American Express's plan to those of other financial services companies like Visa (V) or Mastercard (MA) would provide a benchmark for its competitiveness.

Stakeholder Impact

• The acquisition of share equivalent units by a director can positively influence shareholder sentiment.

Key Dates