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

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

Summary

• Thomas J. Baltimore Jr., 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 123.41 share equivalent units were acquired at a price of $263.35, resulting in a total holding of 7,776.282 units.
• These units are convertible to cash upon termination of service as a director and have no expiration date.
• The report was filed on October 2, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation.

Positives

• The acquisition of share equivalent units by a director may signal 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

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.

Related Party Transactions

• The acquisition of share equivalent units through the Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates