Form 4: Daniel Vasella Reports Acquisition of American Express Share Equivalent Units
SEC Form 4
Director Daniel Vasella reports acquiring share equivalent units of American Express through the Directors' Deferred Compensation Plan.
Summary
- Daniel Vasella, a director of American Express, reported acquiring share equivalent units on September 30, 2024.
- The acquisition was made pursuant to the Directors' Deferred Compensation Plan.
- Vasella acquired 132.9 share equivalent units at a price of $263.35, bringing his total holdings to 43,785.222 share equivalent units.
- These units are convertible immediately upon termination of service as a Director and will be settled in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding director compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of Share Equivalent Units |
| 10/02/2024 | Date of report filing |
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