AmEx director granted share equivalent units

Young Christopher David reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Young Christopher David reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN EXPRESS CO director Christopher David Young received an award of 133.721 Share Equivalent Units on the company’s deferred compensation plan, reflecting the value of common shares at $299.13 per unit. These units are cash-settled after his service as a director ends and have no expiration date.

Each Share Equivalent Unit mirrors the value of one share of common stock but does not represent actual stock ownership. Following this grant and prior accruals, including dividend reinvestments, Young holds a total of 20,069.728 Share Equivalent Units under the plan.

Insider Trade Summary

Grant/Award: 133.721 shares

Grant/Award 1 txn

Insider Young Christopher David

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Equivalent Units	133.721	$299.13	$40K

Holdings After Transaction: Share Equivalent Units — 20,069.728 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: 133.721 units Reference price per unit: $299.13 per unit Total units after transaction: 20,069.728 units +2 more

5 metrics

Share Equivalent Units granted 133.721 units Award under Directors' Deferred Compensation Plan on March 31, 2026

Reference price per unit $299.13 per unit Value used for the March 31, 2026 award

Total units after transaction 20,069.728 units Director’s Share Equivalent Units holding after the award

Underlying common stock equivalent 133.721 shares Each Share Equivalent Unit reflects value of one common share

Exercise price $0.00 Share Equivalent Units are cash-settled, no exercise price

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 did American Express (AXP) director Christopher David Young report on this Form 4?

Christopher David Young reported receiving 133.721 Share Equivalent Units as a compensation-related award. These units are linked to American Express common stock value and are part of a Directors’ Deferred Compensation Plan, to be settled in cash after his board service ends.

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

After this award, Christopher David Young holds 20,069.728 Share Equivalent Units. This total includes the new grant, prior awards, and units accumulated through dividend reinvestment features in the company’s director compensation and share equivalent unit plans.

Are the Share Equivalent Units acquired by the AXP director actual American Express shares?

The Share Equivalent Units are not actual shares; they track the value of one common share each. They are bookkeeping units within a deferred compensation plan and will be settled in cash, rather than stock, after the director’s service ends.

When can the AXP director’s Share Equivalent Units be converted or paid out?

The Share Equivalent Units become payable in cash following the director’s termination of service. They are described as convertible immediately upon termination of service as a director and have no stated expiration date, providing long-term deferred compensation exposure.

What price per unit was used for the AXP director’s Share Equivalent Unit award?

The reported transaction uses a reference price of $299.13 per Share Equivalent Unit. This price reflects the value attributed to each unit on the grant date and is tied to the underlying American Express common stock value for compensation calculation purposes.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:14 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^*

Young Christopher David

(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)		133.721		(3)	(3)	Common Stock	133.721	$299.13	20,069.728(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)