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 of American Express through the Directors' Deferred Compensation Plan.

Summary

• Thomas J. Baltimore Jr., a director of American Express, filed a Form 4 on April 2, 2025, reporting a transaction.
• On March 31, 2025, Baltimore acquired share equivalent units under the Directors' Deferred Compensation Plan.
• The acquisition involved 120.078 share equivalent units at a price of $267.8 per unit.
• Following the transaction, Baltimore beneficially owns 8,041.627 share equivalent units.
• These units are convertible to cash upon termination of service as a director and have no expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction by a director, indicating continued investment in the company through a deferred compensation plan.

Positives

• The acquisition of share equivalent units demonstrates the director's continued investment in the company.
• The Directors' Deferred Compensation Plan provides a mechanism for directors to align their interests with those of shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's ongoing participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence, as it signals a director's continued investment in the company.

Key Dates

Keywords

Form 4, Share Equivalent Units, Directors' Deferred Compensation Plan, American Express, AXP, Baltimore, Director