Form 4: American Express Director Lisa Wardell Reports Acquisition of Share Equivalent Units
SEC Form 4 Filing
Director Lisa Wardell reports acquisition of share equivalent units in American Express through the Directors' Deferred Compensation Plan.
Summary
- Lisa Wardell, a director of American Express, reported acquiring share equivalent units on September 30, 2024.
- The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
- A total of 142.4 share equivalent units were acquired at a price of $263.35 per unit.
- Following the transaction, Wardell beneficially owns 7,741.433 share equivalent units.
- These units are convertible immediately upon termination of service as a Director and will be settled in cash.
- The report was signed by Douglas C. Turnbull, attorney-in-fact, on October 2, 2024.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation plan.
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 as a way to align the interests of directors with those of shareholders and provide tax-deferred savings opportunities.
Comparison to Industry Standards
- Director compensation structures vary across the financial services industry.
- Companies like Visa (V) and Mastercard (MA) also utilize deferred compensation plans for their directors, often involving stock options or restricted stock units.
- The specific terms and conditions of these plans, such as vesting schedules and settlement methods, can differ significantly based on company policy and regulatory requirements.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of Share Equivalent Units |
| 10/02/2024 | Date of signature by attorney-in-fact |
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