AXP Form 4: 67,365 stock options, 75% vested, expiring 2029

Rhea-AI Filing Summary

American Express (AXP) reported an insider equity award by its Group President, Global Consumer Services. On 10/31/2025, the officer acquired 67,365 employee stock options at an exercise price of $148.45 per share, recorded as Direct ownership.

The options are listed as exercisable beginning 10/31/2026 and expiring on 10/31/2029, with a post-transaction balance of 67,365 derivative securities. According to the note, the award was granted in October 2022 and is tied to performance: 75% has vested, while the remaining 25% depends on meeting performance criteria and continued employment through October 31, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Joabar Raymond

Role Grp. Pres., Global Comm. Serv.

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy)	67,365	$0.00	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 67,365 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

Joabar Raymond

(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)
	Grp. Pres., Global Comm. Serv.

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

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

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
Employee Stock Option (Right to Buy)	$148.45	10/31/2025		A(1)		67,365		10/31/2026	10/31/2029	Common Stock	67,365	$0	67,365	D

Explanation of Responses:

1. Represents shares acquired pursuant to vesting of Performance Stock Option (Options) that were granted to the reporting person in October 2022, 75% of which have vested based upon the satisfaction of performance criteria specified for the award at time of grant. The remaining 25% of the Options remain subject to the satisfaction of performance criteria and the reporting person's continued employment through October 31, 2026.

Remarks:

Exhibit 24: Power of Attorney

	/s/ James J. Killerlane III, attorney in-fact	11/04/2025
	** 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.
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.

FAQ

What did American Express (AXP) disclose in this Form 4?

An officer acquired 67,365 employee stock options at an exercise price of $148.45 on 10/31/2025.

What are the exercisable and expiration dates for the AXP options?

The options are exercisable starting 10/31/2026 and expire on 10/31/2029.

How many derivative securities does the insider hold after the transaction?

The filing lists 67,365 derivative securities beneficially owned following the transaction, held Direct.

What portion of the AXP performance stock options has vested?

75% of the award has vested based on performance criteria set at grant.

What conditions apply to the remaining portion of the AXP options?

The remaining 25% is subject to performance criteria and continued employment through October 31, 2026.

Who is the reporting person in relation to AXP?

The reporting person is an Officer, titled Group President, Global Consumer Services.