American Express (AXP) director receives cash-settled share equivalent unit grant

Rhea-AI Filing Summary

American Express director Deborah P. Majoras reported a compensation-related award of share-based units. She acquired 54.260 Share Equivalent Units on June 30, 2026 at a reference price of $334.0400 per unit, bringing her total holdings to 5,126.258 Share Equivalent Units.

Each Share Equivalent Unit reflects the value of one American Express common share and is tied to the Directors' Deferred Compensation Plan. These units will be settled in cash after she terminates service as a director and are immediately convertible upon termination, with no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Majoras Deborah P

Role null

Type	Security	Shares	Price	Value
Grant/Award	Share Equivalent Units	54.26	$334.04	$18K

Holdings After Transaction: Share Equivalent Units — 5,126.258 shares (Direct, null)

Footnotes (1)

1. Each Share Equivalent Unit reflects the value of one common share. 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. The Share Equivalent Units are convertible immediately upon termination of service as a Director and have no expiration date. 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

Share Equivalent Units granted: 54.260 units Reference price per unit: $334.0400 per unit Total units after transaction: 5,126.258 units +2 more

5 metrics

Share Equivalent Units granted 54.260 units Grant on June 30, 2026

Reference price per unit $334.0400 per unit Transaction price for Share Equivalent Units

Total units after transaction 5,126.258 units Share Equivalent Units held following award

Underlying security 54.260 common shares equivalent Each unit reflects one common share value

Exercise price $0.0000 Share Equivalent Units under deferred compensation plan

Key Terms

Share Equivalent Units, Directors' Deferred Compensation Plan, dividend reinvestment feature, convertible immediately upon termination of service

4 terms

Share Equivalent Units financial

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

Directors' Deferred Compensation Plan financial

"were acquired pursuant to the Directors' Deferred Compensation Plan"

dividend reinvestment feature financial

"Includes Share Equivalent Units acquired pursuant to a dividend reinvestment feature"

convertible immediately upon termination of service financial

"The Share Equivalent Units are convertible immediately upon termination of service as a Director"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:14 PM Accepted by SEC EDGAR 07/02/2026 - 04:14 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^*

Majoras Deborah P

(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)
06/30/2026

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)	06/30/2026		A(2)		54.26		(3)	(3)	Common Stock	54.26	$334.04	5,126.258(4)	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.

4. 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.

	/s/ James J. Killerlane III, attorney-in-fact	07/02/2026
	** 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)

FAQ

What did American Express (AXP) director Deborah Majoras report in this Form 4?

Deborah P. Majoras reported receiving 54.260 Share Equivalent Units as a grant on June 30, 2026. These units are part of director compensation and increase her total deferred share-equivalent holdings to 5,126.258 units linked to American Express common stock value.

What are Share Equivalent Units in the American Express (AXP) director filing?

Share Equivalent Units each reflect the value of one American Express common share. They are bookkeeping entries under director compensation plans, track the stock’s value over time, and in this case will be settled in cash rather than actual shares when service as director ends.

How and when will Deborah Majoras’s Share Equivalent Units be settled at American Express (AXP)?

The reported Share Equivalent Units will be settled in cash following her termination of service as a director. They are immediately convertible upon termination and have no expiration date, meaning they remain outstanding for as long as she continues to serve on the board.

How many Share Equivalent Units does Deborah Majoras hold after this American Express (AXP) transaction?

After this award, Deborah Majoras holds a total of 5,126.258 Share Equivalent Units. This figure includes the newly acquired 54.260 units as well as units previously accumulated through the Directors' Deferred Compensation Plan and related dividend reinvestment features.

What plan governs the Share Equivalent Units reported by the American Express (AXP) director?

The units were acquired under the American Express Directors' Deferred Compensation Plan. Footnotes also note participation in a 2003 Share Equivalent Unit Plan for Directors and a dividend reinvestment feature, which can add additional units over time based on reinvested dividends.

Do the Share Equivalent Units give American Express (AXP) director Deborah Majoras regular common shares now?

No, the Share Equivalent Units do not currently deliver common shares. They are cash-settled units whose value tracks one common share each and become payable in cash only after her service as an American Express director has ended, according to the disclosed plan terms.