Form 4: American Express Director Deborah P. Majoras Reports Acquisition of Share Equivalent Units

Director Deborah P. Majoras reported the acquisition of share equivalent units in American Express through the Directors' Deferred Compensation Plan.

Summary

• On December 31, 2024, Deborah P. Majoras, a director of American Express, acquired 60.513 share equivalent units through the Directors' Deferred Compensation Plan.
• These units, reflecting the value of one common share each, were acquired at a price of $299.52 per unit.
• Following the transaction, Majoras beneficially owns 3,032.175 share equivalent units.
• The share equivalent units are convertible immediately upon termination of service as a Director and have no expiration date.
• The units will be settled in cash following termination of service as a Director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's participation in a deferred compensation plan, indicating alignment with shareholder interests and confidence in the company's long-term prospects.

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, allowing directors to defer compensation and align their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages, including deferred compensation plans, vary across the financial services industry.
• Companies like Visa and Mastercard also utilize deferred compensation plans for their directors.
• The specific terms and amounts of these plans are tailored to each company's circumstances and governance practices.

Stakeholder Impact

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

Key Dates