American Express director granted 742 share units

AMERICAN EXPRESS CO director Randal K. Quarles received a compensation award tied to the company’s stock value.

Rhea-AI Filing Summary

AMERICAN EXPRESS CO director Randal K. Quarles received a compensation award tied to the company’s stock value. On this Form 4, he acquired 742.115 Share Equivalent Units, each reflecting the value of one common share. These units were granted under the Directors' Deferred Compensation Plan and carry no purchase price.

The Share Equivalent Units will be settled in cash after his service as a director ends and are immediately convertible at that time with no expiration date. Following this award, his reported balance in these units is 742.115, highlighting a routine, cash-settled deferred compensation grant rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 742.115 shares

Grant/Award 1 txn

Insider Quarles Randal K.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Equivalent Units	742.115	$0.00	$0.00

Holdings After Transaction: Share Equivalent Units — 742.115 contracts (Direct)

Footnotes (3)

1. F1. Each Share Equivalent Unit reflects the value of one common share.
2. F2. The reported Share Equivalent Units were acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash following termination of service as a Director.
3. F3. The Share Equivalent Units are convertible immediately upon termination of service as a Director and have no expiration date.

Key Figures

Share Equivalent Units granted: 742.115 units Unit grant price: $0.0000 per unit Units after transaction: 742.115 units +1 more

4 metrics

Share Equivalent Units granted 742.115 units Grant under Directors' Deferred Compensation Plan

Unit grant price $0.0000 per unit Compensation award, not open-market purchase

Units after transaction 742.115 units Total Share Equivalent Units following grant

Underlying common stock reference 742.115 shares equivalent Each unit reflects value of one common share

Key Terms

Share Equivalent Units, Directors' Deferred Compensation Plan, settled in cash, termination of service as a Director, +1 more

5 terms

Share Equivalent Units financial

"Each Share Equivalent Unit reflects the value of one common share."

Directors' Deferred Compensation Plan financial

"acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash"

settled in cash financial

"will be settled in cash following termination of service as a Director."

termination of service as a Director financial

"settled in cash following termination of service as a Director."

no expiration date financial

"convertible immediately upon termination of service as a Director and have no expiration date."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Randal K. Quarles report in his latest American Express (AXP) Form 4?

Randal K. Quarles reported receiving 742.115 Share Equivalent Units as director compensation. Each unit tracks the value of one American Express common share and will be settled in cash after his service as a director ends, rather than through delivery of stock.

Are the American Express (AXP) Share Equivalent Units an open-market stock purchase by Randal K. Quarles?

No, the 742.115 Share Equivalent Units reflect a compensation award, not an open-market stock purchase. They were granted under the Directors' Deferred Compensation Plan at a price of $0.0000 per unit and will be settled in cash after his board service concludes.

How many Share Equivalent Units does Randal K. Quarles hold after this American Express (AXP) grant?

After this transaction, Randal K. Quarles holds 742.115 Share Equivalent Units. The filing shows this entire balance results from the reported award, with the units designed to mirror American Express common share value but paid out in cash after his directorship ends.

When will Randal K. Quarles’ American Express (AXP) Share Equivalent Units be paid out?

The Share Equivalent Units will be settled in cash following his termination of service as a director. According to the filing, the units are convertible immediately upon termination of service and have no expiration date, so they remain outstanding until his board tenure ends.

Do American Express (AXP) Share Equivalent Units have an expiration date or exercise price?

The Share Equivalent Units reported have no expiration date and an effective exercise or conversion price of $0.0000. They are immediately convertible upon termination of service as a director and are intended to track the value of one American Express common share each, paid in cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 04:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Quarles Randal K.

(Last) (First) (Middle)

C/O AMERICAN EXPRESS COMPANY

200 VESEY STREET

(Street)

NEW YORK NEW YORK 10285-5001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN EXPRESS CO [ AXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Equivalent Units	(1)	05/05/2026		A(2)		742.115		(3)	(3)	Common Stock	742.115	$0	742.115	D

Explanation of Responses:

1. Each Share Equivalent Unit reflects the value of one common share.

2. The reported Share Equivalent Units were acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash following termination of service as a Director.

3. The Share Equivalent Units are convertible immediately upon termination of service as a Director and have no expiration date.

	/s/ James J. Killerlane III, attorney-in-fact	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)