American Express director granted share units

American Express director John Joseph Brennan reported a grant of Share Equivalent Units linked to common stock.

Rhea-AI Filing Summary

American Express director John Joseph Brennan reported a grant of Share Equivalent Units linked to common stock. On this Form 4, he acquired 221.476 Share Equivalent Units at a reference value of $299.13 per unit, bringing his holdings to 28,463.102 Share Equivalent Units.

The units were acquired under the Directors' Deferred Compensation Plan, will be settled in cash after his service as a director ends, and each unit reflects the value of one common share. The units are convertible upon termination of service and have no expiration date, reflecting a compensation-related, non‑market transaction.

Insider Trade Summary

Grant/Award: 221.476 shares

Grant/Award 1 txn

Insider Brennan John Joseph

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Equivalent Units	221.476	$299.13	$66K

Holdings After Transaction: Share Equivalent Units — 28,463.102 contracts (Direct)

Footnotes (4)

1. F1. Each Share Equivalent Unit reflects the value of one common share.
2. 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.
3. F3. The Share Equivalent Units are convertible immediately upon termination of service as a Director and have no expiration date.
4. 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

Share Equivalent Units granted: 221.476 units Reference value per unit: $299.13 per unit Total Share Equivalent Units after grant: 28,463.102 units +2 more

5 metrics

Share Equivalent Units granted 221.476 units Grant/award acquisition on March 31, 2026

Reference value per unit $299.13 per unit Value used for the March 31, 2026 grant

Total Share Equivalent Units after grant 28,463.102 units Holdings following the reported transaction

Conversion or exercise price $0.00 Share Equivalent Units under deferred compensation plan

Underlying security 221.476 common shares equivalent Each unit reflects the value of one common share

Key Terms

Share Equivalent Units, Directors' Deferred Compensation Plan, dividend reinvestment feature, 2003 Share Equivalent Unit Plan for Directors

4 terms

Share Equivalent Units financial

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

Directors' Deferred Compensation Plan financial

"acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash"

dividend reinvestment feature financial

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

2003 Share Equivalent Unit Plan for Directors financial

"and/or the 2003 Share Equivalent Unit Plan for Directors."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did American Express (AXP) report for John Joseph Brennan?

American Express reported that director John Joseph Brennan acquired 221.476 Share Equivalent Units. These units are tied to the value of one common share each and were granted as part of a deferred compensation arrangement rather than through an open-market stock purchase.

What are Share Equivalent Units in the American Express (AXP) Form 4 filing?

Share Equivalent Units are instruments that reflect the value of one American Express common share each. In this filing, they are part of a Directors' Deferred Compensation Plan and will ultimately be settled in cash, not stock, after the director’s service ends.

At what value were the American Express (AXP) Share Equivalent Units granted?

The reported Share Equivalent Units were granted at a reference value of $299.13 per unit. Each unit tracks the value of one American Express common share, providing cash-settled exposure to the share price under the company’s deferred compensation arrangements for directors.

How many Share Equivalent Units does the American Express (AXP) director hold after this grant?

Following this grant, director John Joseph Brennan holds 28,463.102 Share Equivalent Units. This total includes the 221.476 units reported in the transaction plus previously accumulated units under the company’s director compensation and dividend reinvestment programs.

When will the American Express (AXP) Share Equivalent Units be settled for the director?

The Form 4 states that the Share Equivalent Units will be settled in cash following termination of service as a director. They are convertible immediately upon that termination and have no expiration date, fitting the structure of a long-term deferred compensation plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 04:08 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^*

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)
03/31/2026

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)	03/31/2026		A(2)		221.476		(3)	(3)	Common Stock	221.476	$299.13	28,463.102(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	04/02/2026
	** 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)