Form 4: American Express Director Thomas J. Baltimore Jr. Reports Acquisition of Share Equivalent Units

Director Thomas J. Baltimore Jr. reports acquisition of share equivalent units in American Express through the Directors' Deferred Compensation Plan.

Summary

• On December 31, 2024, Thomas J. Baltimore Jr., a director of American Express, acquired share equivalent units.
• The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
• A total of 108.51 share equivalent units were acquired at a price of $299.52 each.
• Following the transaction, Baltimore directly owns 7,903.716 share equivalent units.
• These units are convertible immediately upon termination of service as a Director and will be settled in cash.
• The report was filed on January 3, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a director's continued investment in the company through a standard compensation plan. There are no indications of negative events or concerns.

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 a common way for companies to compensate their board members, allowing them to defer income and potentially reduce their tax burden. The acquisition of share equivalent units reflects a continued investment in the company's future by a key insider.

Stakeholder Impact

• The transaction signals continued confidence in the company by a director, which can positively influence shareholder sentiment.

Key Dates