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

Director Deborah P. Majoras acquired share equivalent units of American Express through the Directors' Deferred Compensation Plan.

Summary

• On March 31, 2025, Deborah P. Majoras, a director of American Express, acquired 67.681 share equivalent units (SEUs) through the Directors' Deferred Compensation Plan.
• The price per share equivalent unit was $267.8.
• Following the transaction, Majoras beneficially owns 3,106.698 share equivalent units.
• These units are convertible immediately upon termination of service as a Director and have no expiration date.
• The SEUs will be settled in cash following termination of service as a Director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of share equivalent units aligns the director's interests with the company's performance.

Industry Context

This filing reflects standard compensation practices for directors of publicly traded companies, where equity-based compensation is used to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include deferred compensation plans and share equivalent units to incentivize long-term value creation.
• Companies like Visa (V), Mastercard (MA), and JPMorgan Chase (JPM) also utilize similar compensation structures for their board members.
• The specific number of units and the vesting schedules vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders by providing equity-based compensation.
• The deferred compensation plan may impact the company's future cash flows when the units are settled.

Key Dates

Keywords

Share Equivalent Units, Director, Deferred Compensation Plan, Beneficial Ownership, American Express, Majoras, AXP