AmEx (AXP) CEO Squeri reports major stock and option vesting, tax share surrender

Rhea-AI Filing Summary

American Express Chairman and CEO Stephen J. Squeri reported multiple equity-related transactions dated February 1, 2026. He acquired 123,033 shares of common stock through the vesting of performance restricted stock units granted in February 2023, reflecting achievement of preset performance goals and continued employment.

To cover tax obligations from this vesting, 62,466 common shares were surrendered at $352.17 per share, leaving 60,567 directly held shares afterward. In addition, 74,129 employee stock options with an exercise price of $173.61 vested, giving rights to purchase an equal number of shares. He also reports indirect holdings of common stock through a 401(k) plan and the Stephen J. Squeri 2025 Master GRAT.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Squeri Stephen J

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (Right to Buy)	74,129	$0.00	--
Grant/Award	Common Stock	123,033	$0.00	--
Tax Withholding	Common Stock	62,466	$352.17	$22.00M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 74,129 shares (Direct); Common Stock — 123,033 shares (Direct); Common Stock — 129.82 shares (Indirect, 401(k) Trust)

Footnotes (1)

1. Represents shares acquired pursuant to the vesting of Performance Restricted Stock Units that were granted to the reporting person in February 2023, based upon the satisfaction of performance criteria specified for the award at the time of grant and the reporting person's continued employment. Balance reflects the prior transfer of 163,292.479 shares from the reporting person's direct holdings to the Stephen J. Squeri 2025 Master GRAT, which is exempt from Section 16 pursuant to Rule 16a-13. The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Performance Restricted Stock Units. Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund. Represents the vesting of Performance Stock Options that were granted to the reporting person in February 2023, based upon the satisfaction of performance criteria specified for the award at the time of grant and the reporting person's continued employment.

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

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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^*

Squeri Stephen J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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	02/01/2026		A(1)		123,033	A	(1)	123,033(2)	D
Common Stock	02/01/2026		F(3)		62,466	D	$352.17	60,567	D
Common Stock								129.82	I	401(k) Trust(4)
Common Stock								163,292.479(2)	I	By Stephen J Squeri 2025 Master GRAT

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)	$173.61	02/01/2026		A(5)		74,129		02/01/2026	02/01/2033	Common Stock	74,129	$0	74,129	D

Explanation of Responses:

1. Represents shares acquired pursuant to the vesting of Performance Restricted Stock Units that were granted to the reporting person in February 2023, based upon the satisfaction of performance criteria specified for the award at the time of grant and the reporting person's continued employment.

2. Balance reflects the prior transfer of 163,292.479 shares from the reporting person's direct holdings to the Stephen J. Squeri 2025 Master GRAT, which is exempt from Section 16 pursuant to Rule 16a-13.

3. The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Performance Restricted Stock Units.

4. Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.

5. Represents the vesting of Performance Stock Options that were granted to the reporting person in February 2023, based upon the satisfaction of performance criteria specified for the award at the time of grant and the reporting person's continued employment.

	/s/ James J. Killerlane III, attorney-in-fact	02/03/2026
	** 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).
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FAQ

What insider transactions did AXP CEO Stephen J. Squeri report on February 1, 2026?

Stephen J. Squeri reported vesting of 123,033 American Express common shares from performance restricted stock units and 74,129 employee stock options. He also surrendered 62,466 shares at $352.17 per share to cover tax obligations triggered by the stock unit vesting.

How many American Express shares did Stephen J. Squeri receive from performance awards in this Form 4?

He received 123,033 common shares from vesting performance restricted stock units granted in February 2023. These units vested based on satisfaction of specified performance criteria and his continued employment with American Express as Chairman and CEO.

Why were 62,466 American Express shares surrendered by Stephen J. Squeri?

The 62,466 shares were surrendered to satisfy tax obligations arising from the vesting of performance restricted stock units. The shares were valued at $352.17 per share for this tax withholding transaction, as disclosed in the Form 4 filing.

What new stock options did the AXP CEO report in this Form 4 filing?

Stephen J. Squeri reported 74,129 employee stock options vesting on February 1, 2026. These performance stock options, granted in February 2023, have an exercise price of $173.61 per share and were subject to specified performance criteria and continued employment.

What are Stephen J. Squeri’s reported direct and indirect AXP share holdings after these transactions?

Following the reported transactions, he directly holds 60,567 American Express common shares. Indirectly, the filing shows 129.82 shares through a 401(k) trust and 163,292.479 shares held by the Stephen J. Squeri 2025 Master GRAT, reflecting a prior transfer from his direct holdings.

How were performance conditions described for the AXP CEO’s 2023 awards in this Form 4?

The Form 4 explains that both the performance restricted stock units and performance stock options granted in February 2023 vested based on satisfaction of specified performance criteria at grant and Stephen J. Squeri’s continued employment with American Express.