American Express (AXP) director granted 742 cash-settled Share Equivalent Units

Rhea-AI Filing Summary

AMERICAN EXPRESS CO director John Joseph Brennan received a routine equity-based compensation award. On May 5, 2026, he acquired 742.115 Share Equivalent Units linked to American Express common stock at a stated price of $0.00 per unit.

Each Share Equivalent Unit reflects the value of one common share but will be settled in cash, not stock, under the Directors' Deferred Compensation Plan. The units become payable and are convertible into a cash amount based on the share value after his termination of service as a director and have no expiration date. Following this grant, his deferred balance increased to 29,205.217 Share Equivalent Units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brennan John Joseph

Role null

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

Holdings After Transaction: Share Equivalent Units — 29,205.217 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.

Key Figures

Share Equivalent Units granted: 742.115 units Grant price per unit: $0.00 per unit Total units after grant: 29,205.217 units +2 more

5 metrics

Share Equivalent Units granted 742.115 units Grant on May 5, 2026 under Directors' Deferred Compensation Plan

Grant price per unit $0.00 per unit Stated transaction price for Share Equivalent Units

Total units after grant 29,205.217 units Share Equivalent Units balance following this Form 4 transaction

Transaction date May 5, 2026 Date of Share Equivalent Unit grant

Underlying common stock linkage 1 unit = 1 share value Each unit reflects the value of one American Express common share

Key Terms

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

4 terms

Share Equivalent Units financial

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

Directors' Deferred Compensation Plan financial

"The reported Share Equivalent Units were acquired pursuant to the Directors' Deferred Compensation Plan"

settled in cash financial

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

termination of service as a Director financial

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

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^*

Brennan John Joseph

(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	29,205.217	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)

FAQ

What did American Express (AXP) director John Joseph Brennan report on this Form 4?

John Joseph Brennan reported receiving 742.115 Share Equivalent Units as director compensation. These units track the value of American Express common stock and were issued at a stated price of $0.00 per unit under the Directors' Deferred Compensation Plan.

Are the 742.115 Share Equivalent Units in AXP stock or cash for John Joseph Brennan?

The 742.115 Share Equivalent Units are cash-settled instruments, not actual AXP shares. Each unit reflects the value of one common share, but they will be paid in cash under the Directors' Deferred Compensation Plan after his board service ends.

When can John Joseph Brennan’s American Express Share Equivalent Units be converted or paid out?

The Share Equivalent Units are convertible and payable in cash after Brennan’s termination of service as an American Express director. They are immediately convertible at that time and have no expiration date, so they remain outstanding while he serves on the board.

What is John Joseph Brennan’s total deferred Share Equivalent Unit balance at American Express?

After this grant, Brennan holds 29,205.217 Share Equivalent Units tied to American Express common stock. This figure reflects his accumulated deferred compensation under the Directors' Deferred Compensation Plan as shown in this Form 4 filing.

Did John Joseph Brennan buy or sell American Express (AXP) shares in the market?

No open-market trade occurred in this filing. Brennan received 742.115 Share Equivalent Units as a grant of director compensation at $0.00 per unit, increasing his deferred cash-settled balance rather than buying or selling common shares.