AmEx director awarded 119.7 share units
Young Christopher David reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Young Christopher David reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN EXPRESS CO director Christopher David Young reported a compensation-related award of 119.746 Share Equivalent Units on common stock, each reflecting the value of one common share. These units were granted under the Directors' Deferred Compensation Plan, carry a reference price of $334.04 per unit, and will be settled in cash after his service as a director ends. The units are convertible immediately upon termination of service and have no expiration date. Following this award, Young holds a total of 20,991.920 Share Equivalent Units linked to American Express common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Equivalent Units | 119.746 | $334.04 | $40K |
Footnotes (4)
- F1. Each Share Equivalent Unit reflects the value of one common share.
- 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.
- F3. The Share Equivalent Units are convertible immediately upon termination of service as a Director and have no expiration date.
- F4. Includes Share Equivalent Units acquired pursuant to a dividend reinvestment feature of the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.
Key Figures
Key Terms
Directors' Deferred Compensation Plan financial
dividend reinvestment feature financial
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What did American Express (AXP) director Christopher David Young report in this Form 4?
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