Form 4: American Express Vice Chairman Buckminster Reports Stock Transactions
SEC Form 4 Filing
Douglas E. Buckminster, Vice Chairman of American Express, reports acquisition and disposition of company stock and stock options on January 28, 2025.
Summary
- On January 28, 2025, Douglas E. Buckminster, Vice Chairman of American Express, reported transactions involving American Express common stock and employee stock options.
- Buckminster acquired 38,398 shares of common stock at $316.42 per share due to the vesting of Performance Restricted Stock Units (RSUs) granted in January 2022.
- He also disposed of 20,775 shares at $316.42 per share to satisfy tax obligations related to the vesting of these RSUs.
- Following these transactions, Buckminster directly owns 134,629.268 shares and indirectly owns 21,516 shares through a GRAT.
- Additionally, Buckminster acquired 24,954 shares through the vesting of Performance Stock Options granted in January 2022, with an exercise price of $177.06.
- These options, also granted in January 2022, became exercisable on January 28, 2025, and expire on January 28, 2032.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. The vesting of performance-based awards is a slightly positive indicator.
Positives
- The vesting of performance-based RSUs and stock options suggests that performance criteria were met, which could be viewed positively.
Negatives
- The disposition of shares to cover tax obligations, while normal, slightly reduces Buckminster's direct holdings in the company.
Risks
- There are no specific risks mentioned in this document.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates normal compensation-related stock activity.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 2022 | Performance Restricted Stock Units (RSU) and Performance Stock Options were granted to the reporting person. |
| 01/28/2025 | Date of the reported transactions: acquisition and disposition of common stock and vesting of stock options. |
| 01/28/2032 | Expiration date of the Employee Stock Options. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.