Form 4: American Express Director Michael J. Angelakis Acquires Share Equivalent Units

Director Michael J. Angelakis acquired share equivalent units in American Express, convertible to cash upon termination of service.

Summary

• On April 29, 2025, Michael J. Angelakis, a director of American Express, acquired 948.467 share equivalent units.
• These units were awarded under the company's 2003 Share Equivalent Unit Plan for Directors.
• Each unit represents the value of one common share and will be settled in cash after termination of service as a director.
• Following the transaction, Angelakis beneficially owns 959.251 share equivalent units directly.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing indicating a director's compensation in the form of share equivalent units. It doesn't inherently convey strong positive or negative sentiment, but suggests continued alignment of interests between the director and the company.

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 upon 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 acquisition of share equivalent units by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates

Keywords

Share Equivalent Units, Director Compensation, Form 4, Beneficial Ownership, American Express, AXP, Angelakis