Form 4: Amex Director Young Acquires Deferred Stock Units
Statement of Changes in Beneficial Ownership
American Express Director Christopher David Young acquired 105.636 Share Equivalent Units as part of a deferred compensation plan.
Summary
- Christopher David Young, a Director at American Express Co (AXP), acquired 105.636 Share Equivalent Units.
- The transaction occurred on December 31, 2025.
- These units were acquired under the Directors' Deferred Compensation Plan and will be settled in cash upon termination of service.
- Each Share Equivalent Unit reflects the value of one common share.
- Following this transaction, Young beneficially owns 19,891.099 Share Equivalent Units.
- The units are convertible immediately upon termination of service and have no expiration date.
- The reported price for the units was $378.66.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine insider transaction related to deferred compensation and does not indicate significant positive or negative operational news.
Positives
- Director Christopher David Young increased his beneficial ownership of Share Equivalent Units by 105.636 units, aligning his interests with shareholders.
- The acquisition is part of a structured Directors' Deferred Compensation Plan, indicating a stable and pre-planned compensation arrangement.
Future Outlook
The acquired Share Equivalent Units will be settled in cash following the termination of Christopher David Young's service as a Director.
Industry Context
This is a routine insider compensation filing and does not provide broader industry context or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Activity | Director Christopher David Young acquired Share Equivalent Units under the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors. | 12/31/2025 | Reinforces existing director compensation structure and aligns director interests with company performance through equity-linked units. |
Stakeholder Impact
- Shareholders: Director's increased beneficial ownership of equity-linked units aligns interests with shareholder value.
- Employees: No direct impact on employees mentioned.
- Customers: No direct impact on customers mentioned.
- Suppliers: No direct impact on suppliers mentioned.
- Creditors: No direct impact on creditors mentioned.
Next Steps
- Settlement of Share Equivalent Units in cash upon termination of Christopher David Young's service as a Director.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of transaction where Share Equivalent Units were acquired. |
| 01/05/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
American Express, AXP, Form 4, Insider Transaction, Director Compensation, Share Equivalent Units, Deferred Compensation
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