Form 4: American Express Executive Howard Grosfield Reports Stock Transactions
SEC Form 4 Filing
Howard Grosfield, a President at American Express, reports acquisition and disposal of company stock related to vesting of performance restricted stock units.
Summary
- On April 30, 2024, Howard Grosfield, President, U.S. Consumer Services at American Express, acquired 1,323 shares of common stock at $238.92 per share due to the vesting of Performance Restricted Stock Units.
- On the same day, Grosfield disposed of 732 shares at $238.92 per share to satisfy tax obligations related to the vesting of these units.
- Following these transactions, Grosfield directly owns 13,021.87 shares of American Express common stock and indirectly owns 97.39 shares through a 401(k) Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2021 | Date of grant for Performance Restricted Stock Units that vested on 04/30/2024. |
| 04/30/2024 | Date of stock acquisition and disposal by Howard Grosfield. |
| 05/02/2024 | Date of Form 4 filing. |
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