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 June 30, 2024.
• The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
• A total of 142.06 share equivalent units were acquired at a price of $228.77.
• Following the transaction, Baltimore directly owns 7,630.416 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 July 2, 2024, by Douglas C. Turnbull, attorney-in-fact.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The acquisition of shares by a director is generally a positive sign, but it's part of a pre-existing compensation plan.

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 following termination of service as a Director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings help investors understand the buying and selling activity of those with intimate knowledge of the company's operations and prospects.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is part of a pre-defined compensation plan for directors.

Key Dates