Form 4: American Express Director John Brennan Reports Acquisition of Share Equivalent Units
SEC Form 4 Filing
Director John Brennan reports acquisition of share equivalent units in American Express through the Directors' Deferred Compensation Plan.
Summary
- On March 31, 2025, John Brennan, a director of American Express, acquired 244.361 share equivalent units.
- These units were obtained through the Directors' Deferred Compensation Plan.
- The price per share equivalent unit is $267.8.
- Following this transaction, Brennan directly owns 26,423.061 share equivalent units.
- These units are convertible immediately upon termination of service as a Director and have no expiration date and will be settled in cash following termination of service as a Director.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders. There are no overtly negative implications.
Industry Context
This filing is a routine disclosure related to director compensation and is typical for publicly traded companies like American Express. It reflects standard practices for incentivizing and compensating board members.
Comparison to Industry Standards
- Director compensation plans involving share equivalent units are common among large corporations, including financial institutions like JPMorgan Chase and Citigroup.
- These plans often allow directors to defer compensation and receive it in the form of cash-settled units linked to the company's stock price, aligning their interests with shareholders.
- The specific terms of the Directors' Deferred Compensation Plan, such as the vesting schedule and settlement method, are consistent with industry norms.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of share equivalent units. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Share Equivalent Units, Director Compensation, Form 4, AXP, American Express, Brennan, Director
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