AmEx director awarded 742 share units

PHILLIPS JR CHARLES E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

PHILLIPS JR CHARLES E reported acquisition or exercise transactions in this Form 4 filing.

American Express director Charles E. Phillips Jr. received an award of 742.115 Share Equivalent Units on May 5, 2026. Each unit reflects the value of one share of American Express common stock but will be settled in cash under the Directors' Deferred Compensation Plan.

The units become payable in cash after his service as a director ends and are immediately convertible upon termination of service, with no expiration date. Following this grant, Phillips holds a total of 10,416.062 Share Equivalent Units directly under the plan.

Insider Trade Summary

Grant/Award: 742.115 shares

Grant/Award 1 txn

Insider PHILLIPS JR CHARLES E

Role Director

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

Holdings After Transaction: Share Equivalent Units — 10,416.062 contracts (Direct)

Footnotes (3)

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.

Key Figures

Share Equivalent Units granted: 742.115 units Units after transaction: 10,416.062 units Grant price per unit: $0.00 per unit +2 more

5 metrics

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

Units after transaction 10,416.062 units Total Share Equivalent Units held following the award

Grant price per unit $0.00 per unit Compensation-related award, not an open-market purchase

Underlying security Common Stock Each unit reflects value of one American Express share

Transaction code A Grant, award, or other acquisition of derivative units

Key Terms

Share Equivalent Units, Directors' Deferred Compensation Plan, cash following termination of service, convertible immediately upon termination of service

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"

cash following termination of service financial

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

convertible immediately upon termination of service financial

"The Share Equivalent Units are convertible immediately upon termination of service as a Director"

FAQ

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

What did American Express (AXP) director Charles E. Phillips Jr. report on this Form 4?

He reported receiving 742.115 Share Equivalent Units as a compensation award. These units track the value of American Express common stock and are part of the company’s Directors' Deferred Compensation Plan, rather than an open-market stock purchase or sale.

Are the Share Equivalent Units reported by AXP’s director actual American Express shares?

They are not actual shares; they are cash-settled units whose value mirrors one American Express common share each. The units are part of a deferred compensation arrangement and will be paid in cash, not stock, after the director’s service ends.

When will the Share Equivalent Units granted to the American Express (AXP) director be paid?

The units will be settled in cash following the termination of his service as a director. According to the plan terms, they are convertible immediately upon termination of service and have no stated expiration date, providing long-term deferred compensation.

How many Share Equivalent Units does the AXP director hold after this Form 4 transaction?

After receiving the 742.115 new units, he holds a total of 10,416.062 Share Equivalent Units. This total reflects all such deferred compensation units credited to him under the Directors' Deferred Compensation Plan as of the reported transaction date.

Was this American Express (AXP) Form 4 a stock purchase or sale by the director?

No. The filing shows a compensation-related acquisition coded as a grant or award. The director received Share Equivalent Units at a price of $0.00, rather than buying or selling American Express shares in the open market.

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

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Accepted by SEC EDGAR 05/07/2026 - 04:17 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^*

PHILLIPS JR CHARLES E

(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	10,416.062	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)