Form 4: American Express Director Pike Lynn Ann Reports Acquisition of Share Equivalent Units

Director Pike Lynn Ann reports acquiring share equivalent units in American Express, convertible to cash upon termination of service.

Summary

• On May 6, 2024, Pike Lynn Ann, a director of American Express, reported acquiring 955.276 share equivalent units.
• These units were awarded under the company's 2003 Share Equivalent Unit Plan for Directors.
• The share equivalent units will be settled in cash following termination of service as a director.
• The reporting person now beneficially owns 7,306.351 share equivalent units.
• The share equivalent units are convertible immediately upon termination of service as a Director and have no expiration date.
• Includes Share Equivalent Units acquired pursuant to a dividend reinvestment feature of the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of share equivalent units demonstrates continued alignment of the director's interests with the company's 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 be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates