American Express (AXP) Vice Chairman Buckminster details 13,800-share trust transfer in Form 4

Rhea-AI Filing Summary

American Express (AXP) insider Douglas E. Buckminster, Vice Chairman, reported changes in his ownership of company stock. On 12/04/2025, a grantor retained annuity trust associated with him disposed of 13,800 shares of American Express common stock at a price of $0 per share, reflecting a transfer rather than a market sale.

Following the reported transaction, the filing shows 0 shares held indirectly by The Douglas E. Buckminster Grantor Retained Annuity Trust Agreement, 131,550.955 shares held directly, and 11,144 shares held indirectly through the "Douglas E. Buckminster 2025 GRAT #1." The explanation notes that 7,716 shares were transferred from the original grantor retained annuity trust to Buckminster as an annuity payment that is exempt from Section 16, and that the reported balances include shares acquired through dividend reinvestment.

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

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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^*

Buckminster Douglas E.

(Last) (First) (Middle)

200 VESEY STREET, AMERICAN EXPRESS TOWER

(Street)

NEW YORK NY 10285-5001

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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

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

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

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
Common Stock	12/04/2025		G		13,800	D	$0	0(1)	I	By The Douglas E. Buckminster Grantor Retained Annuity Trust Agreement
Common Stock								131,550.955(1)(2)	D
Common Stock								11,144	I	By Douglas E. Buckminster 2025 GRAT #1

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

Explanation of Responses:

1. Balance reflects the transfer of 7,716 shares from The Douglas E. Buckminster Grantor Retained Annuity Trust Agreement to the reporting person as an annuity payment, which is exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.

2. Includes shares acquired pursuant to dividend reinvestment.

	/s/ James J. Killerlane III, attorney in-fact	12/08/2025
	** 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.
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FAQ

What insider transaction did American Express (AXP) report for Douglas E. Buckminster?

The filing reports that on 12/04/2025, a grantor retained annuity trust associated with American Express Vice Chairman Douglas E. Buckminster disposed of 13,800 shares of American Express common stock at a stated price of $0 per share, reflecting a transfer rather than a typical market sale.

How many American Express (AXP) shares does Douglas E. Buckminster own after this Form 4 transaction?

After the reported transaction, Douglas E. Buckminster is shown as holding 131,550.955 shares of American Express common stock directly and 11,144 shares indirectly through the "Douglas E. Buckminster 2025 GRAT #1," while The Douglas E. Buckminster Grantor Retained Annuity Trust Agreement is shown with 0 shares.

What is the nature of the share transfer reported for Douglas E. Buckminster in American Express (AXP)?

The explanation states that the balance change reflects the transfer of 7,716 shares from The Douglas E. Buckminster Grantor Retained Annuity Trust Agreement to Douglas E. Buckminster as an annuity payment, and that this transfer is treated as exempt from Section 16 under Rule 16a-13 of the Securities Exchange Act of 1934.

Does the American Express (AXP) Form 4 mention dividend reinvestment for Douglas E. Buckminster?

Yes. The footnotes state that the reported share balances include shares acquired pursuant to dividend reinvestment, meaning some of the holdings result from automatically reinvested dividends in American Express stock.

What role does Douglas E. Buckminster hold at American Express (AXP) according to this filing?

The filing identifies Douglas E. Buckminster as an officer of American Express with the title Vice Chairman, and the Form 4 is filed as a transaction report for one reporting person in that capacity.