How are American Express (AXP) Share Equivalent Units valued for Daniel Vasella?

Each Share Equivalent Unit reflects the value of one American Express common share. In this grant, 108.926 units were awarded at a reference value of $299.13 per unit, directly tracking the company’s share value for deferred compensation purposes.

When and how will Daniel Vasella’s American Express (AXP) Share Equivalent Units be settled?

The Share Equivalent Units will be settled in cash after Daniel Vasella’s termination of service as a director. They are convertible immediately upon his service ending and have no expiration date, keeping their value tied to American Express common stock until payout.

What is Daniel Vasella’s total Share Equivalent Unit balance with American Express (AXP)?

After this reported grant, Daniel Vasella holds 46,066.711 Share Equivalent Units linked to American Express common stock value. This total includes units granted under the plan and those accumulated through a dividend reinvestment feature associated with director compensation programs.

American Express (AXP) director adds to deferred share equivalent units

Q: What plan governs the Share Equivalent Units reported by American Express (AXP) director Daniel Vasella?

The units were acquired under the American Express Directors' Deferred Compensation Plan. Footnotes also reference the 2003 Share Equivalent Unit Plan for Directors and a dividend reinvestment feature that adds additional units over time to Vasella’s deferred compensation balance.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

VASELLA DANIEL reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN EXPRESS CO director Daniel Vasella received a grant of 108.926 Share Equivalent Units on March 31, 2026 under the Directors' Deferred Compensation Plan at a reference value of $299.13 per unit. Each unit reflects the value of one common share and will be settled in cash after his board service ends.

The Share Equivalent Units are convertible upon termination of service with no expiration date. Following this award, Vasella holds a total of 46,066.711 Share Equivalent Units linked to American Express common stock value, including units accumulated through a dividend reinvestment feature.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider VASELLA DANIEL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Equivalent Units	108.926	$299.13	$33K

Holdings After Transaction: Share Equivalent Units — 46,066.711 shares (Direct)

Footnotes (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. 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: 108.926 units Reference value per unit: $299.13 per unit Total Share Equivalent Units after grant: 46,066.711 units +2 more

5 metrics

Share Equivalent Units granted 108.926 units Grant on March 31, 2026 to director Daniel Vasella

Reference value per unit $299.13 per unit Value used for the 108.926 Share Equivalent Units grant

Total Share Equivalent Units after grant 46,066.711 units Vasella’s total deferred balance following the transaction

Underlying security shares 108.926 shares Common stock equivalent underlying the granted units

Conversion or exercise price $0.00 Share Equivalent Units under the Directors' Deferred Compensation Plan

Key Terms

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

4 terms

Directors' Deferred Compensation Plan financial

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

dividend reinvestment feature financial

"Includes Share Equivalent Units acquired pursuant to a dividend reinvestment feature of the Directors' Deferred Compensation Plan"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:12 PM

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^*

VASELLA DANIEL

(Last)

(First)

(Middle)

C/O AMERICAN EXPRESS COMPANY

200 VESEY STREET

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Share Equivalent Units	⁽¹⁾	03/31/2026		A⁽²⁾		108.926		⁽³⁾	⁽³⁾	Common Stock	108.926	$299.13	46,066.711⁽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)

Source: View Original Filing on SEC EDGAR

FAQ

What did American Express (AXP) director Daniel Vasella report on this Form 4?

Daniel Vasella reported receiving 108.926 Share Equivalent Units tied to American Express common stock value. The units were granted under the Directors' Deferred Compensation Plan and increase his total deferred balance to 46,066.711 units following the transaction.