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

Director John Brennan acquired share equivalent units of American Express through the Directors' Deferred Compensation Plan.

Summary

• On December 31, 2024, John Brennan, a director of American Express, acquired 217.014 share equivalent units (SEUs) under the Directors' Deferred Compensation Plan.
• These SEUs are immediately convertible upon termination of service as a director and will be settled in cash.
• The price of the derivative security is $299.52.
• Following the transaction, Brennan beneficially owns 26,119.768 share equivalent units.
• Some of these units were acquired through a dividend reinvestment feature of the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The share equivalent units will be settled in cash following termination of service as a Director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

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

Key Dates