American Express (AXP) chief partner officer reports RSU vesting and tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Express Chief Partner Officer Glenda G. McNeal reported equity compensation activity in company stock. On February 1, 2026, she acquired 11,750 shares of American Express common stock at no stated price upon the vesting of Performance Restricted Stock Units granted in February 2023, based on performance goals and continued employment. The filing notes that her holdings also reflect shares acquired through dividend reinvestment. On the same date, she surrendered 6,090 shares at a price of $352.17 per share to cover tax obligations arising from the vesting. Following these transactions, she directly owned 16,672.31 shares of American Express common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McNeal Glenda G
Role
Chief Partner Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,750 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,090 | $352.17 | $2.14M |
Holdings After Transaction:
Common Stock — 22,762.31 shares (Direct)
Footnotes (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. Includes shares acquired pursuant to dividend reinvestment. The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Performance Restricted Stock Units.
FAQ
What insider transactions did AXP Chief Partner Officer Glenda McNeal report?
Glenda G. McNeal reported vesting of 11,750 American Express common shares from Performance Restricted Stock Units and the surrender of 6,090 shares to cover related tax obligations. After these transactions, she directly held 16,672.31 American Express common shares.
When did Glenda McNeal’s American Express performance stock units vest?
The Performance Restricted Stock Units vested on February 1, 2026. These units were originally granted in February 2023 and vested based on satisfaction of performance criteria set at grant and Ms. McNeal’s continued employment with American Express over the vesting period.
What are Performance Restricted Stock Units in the context of AXP’s insider filing?
In this filing, Performance Restricted Stock Units are equity awards granted in February 2023 that convert into American Express shares upon meeting defined performance criteria and continued employment. Their vesting on February 1, 2026, resulted in 11,750 shares being issued to Glenda G. McNeal.