Form 4: American Express Director Deborah P. Majoras Reports Acquisition of Share Equivalent Units
SEC Form 4
Director Deborah P. Majoras reports acquiring share equivalent units of American Express through the Directors' Deferred Compensation Plan.
Summary
- On March 31, 2024, Deborah P. Majoras, a director of American Express Co., acquired 72.95 share equivalent units.
- These units were obtained through the Directors' Deferred Compensation Plan at a price of $223.97 per unit.
- Following the transaction, Majoras beneficially owns 1,847.28 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 document is a routine regulatory filing indicating standard director compensation practices. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common for publicly traded companies like American Express.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of share equivalent units. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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