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

Director Deborah P. Majoras reports acquiring share equivalent units in American Express through the Directors' Deferred Compensation Plan.

Summary

• On September 30, 2024, Deborah P. Majoras, a director of American Express Co., acquired share equivalent units.
• The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
• A total of 68.82 share equivalent units were acquired at a price of $263.35, resulting in a total holding of 2,964.446 units.
• These 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 document indicates a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment due to the director's continued investment in the company.

Positives

• The acquisition of share equivalent units by a director signals confidence 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 compensate and retain board members, aligning their interests with those of shareholders.

Stakeholder Impact

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

Key Dates