American Express (NYSE: AXP) CMO reports new stock, option vesting

Rhea-AI Filing Summary

American Express Chief Marketing Officer Elizabeth Rutledge reported multiple equity award transactions. On February 1, 2026, she acquired 8,985 shares of common stock from vesting Performance Restricted Stock Units granted in February 2023, based on meeting performance goals and continued employment. She also acquired 72 shares earned under the 2022 Annual Incentive Award through Restricted Stock Units tied to the companys positive cumulative net income over 20232025.

To cover tax obligations from these vestings, 4,562 shares and 40 shares of common stock were surrendered at a price of $352.17 per share. After these transactions, she directly held 90,195.28 shares of common stock and indirectly held 2,174.79 shares through the company Retirement Savings Plan. In addition, 5,413 Performance Stock Options vested, giving her the right to buy 5,413 shares of common stock at an exercise price of $173.61 per share, exercisable until February 1, 2033.

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

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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^*

Rutledge Elizabeth

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Marketing Officer

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)		8,985	A	(1)	94,725.28(2)	D
Common Stock	02/01/2026		F(3)		4,562	D	$352.17	90,163.28	D
Common Stock	02/01/2026		A(4)		72	A	(4)	90,235.28	D
Common Stock	02/01/2026		F(5)		40	D	$352.17	90,195.28	D
Common Stock								2,174.79	I	by 401(k) Plan(6)

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(7)		5,413		02/01/2026	02/01/2033	Common Stock	5,413	$0	5,413	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. Includes shares acquired pursuant to dividend reinvestment.

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

4. Represents shares earned under the 2022 Annual Incentive Award upon the Company's positive cumulative net income over 2023-2025 pursuant to Restricted Stock Units that were granted to the reporting person in February 2023.

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

6. 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.

7. 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
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FAQ

What insider transactions did AXP Chief Marketing Officer Elizabeth Rutledge report?

Elizabeth Rutledge reported vesting-related equity transactions on February 1, 2026, including common stock and options. She received shares from Performance Restricted Stock Units and Restricted Stock Units, surrendered some shares to cover taxes, and reported newly vested Performance Stock Options alongside updated direct and indirect share holdings.

How many American Express (AXP) shares did the CMO acquire from equity awards?

She acquired 8,985 American Express common shares from vesting Performance Restricted Stock Units and 72 shares from Restricted Stock Units tied to the 2022 Annual Incentive Award. Both awards were originally granted in February 2023 and depended on performance criteria and her continued employment with the company.

Why were some American Express (AXP) shares surrendered by the CMO?

A total of 4,562 shares and 40 shares of American Express common stock were surrendered to satisfy tax obligations. These obligations arose from the vesting of Performance Restricted Stock Units and Restricted Stock Units, with the surrendered shares valued at a transaction price of $352.17 per share.

How many American Express (AXP) shares does the CMO hold after these transactions?

After the reported transactions, Elizabeth Rutledge directly held 90,195.28 American Express common shares. She also indirectly held 2,174.79 shares through the companys Retirement Savings Plan, which uses unit accounting tied to the pooled stock funds unit price.

What stock options did the American Express (AXP) CMO report vesting?

She reported vesting of 5,413 Performance Stock Options granted in February 2023. These options allow her to buy 5,413 American Express common shares at an exercise price of $173.61 per share, with an expiration date of February 1, 2033, subject to the option terms.

How were the CMOs American Express (AXP) equity awards performance-based?

Her Performance Restricted Stock Units and Performance Stock Options vested based on specified performance criteria and continued employment. Additional shares from the 2022 Annual Incentive Award were tied to American Express achieving positive cumulative net income over 20232025, as described in the award terms.