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

After the reported award, Deborah P. Majoras holds 5,059.021 Share Equivalent Units. Each unit tracks the value of one American Express common share, providing deferred, cash-settled exposure to the stock’s performance rather than direct share ownership during her board service.

Are the Share Equivalent Units granted to AXP director Deborah Majoras actual American Express shares?

The Share Equivalent Units are not actual shares; each unit simply reflects the value of one American Express common share. Under the Directors' Deferred Compensation Plan, these units are settled in cash after board service ends, so they do not provide current voting rights or tradable shares.

When can the Share Equivalent Units for AXP director Deborah Majoras be converted or settled?

The Share Equivalent Units become payable upon termination of Deborah P. Majoras’s service as a director. They are described as convertible immediately upon that termination and have no expiration date, so they function as long-term, cash-settled deferred compensation tied to American Express’s share value.

American Express director gets deferred share units

Majoras Deborah P reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Majoras Deborah P reported acquisition or exercise transactions in this Form 4 filing.

American Express director Deborah P. Majoras reported a compensation-related award of 742.115 Share Equivalent Units tied to American Express common stock. These units were credited under the Directors' Deferred Compensation Plan and will be settled in cash after her service on the board ends.

Following this award, she holds a total of 5,059.021 Share Equivalent Units. Each unit reflects the value of one common share and becomes payable upon termination of service as a director, with no stated expiration date. This is a non‑market, cash‑settled deferred compensation grant.

Insider Trade Summary

Grant/Award: 742.115 shares

Grant/Award 1 txn

Insider Majoras Deborah P

Role Director

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

Holdings After Transaction: Share Equivalent Units — 5,059.021 contracts (Direct)

Footnotes (3)

F1. Each Share Equivalent Unit reflects the value of one common share.
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.
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 Total Share Equivalent Units after award: 5,059.021 units Transaction price per unit: $0.0000 +1 more

4 metrics

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

Total Share Equivalent Units after award 5,059.021 units Deferred balance held by Deborah P. Majoras following transaction

Transaction price per unit $0.0000 Compensation grant, not an open-market purchase or sale

Derivative transactions reported 1 transaction Single derivative-type grant reported in this Form 4

Key Terms

Share Equivalent Units, Directors' Deferred Compensation Plan, settled in cash, termination of service as a Director

4 terms

Directors' Deferred Compensation Plan financial

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

settled in cash financial

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

termination of service as a Director regulatory

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

FAQ

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

What insider transaction did AXP director Deborah Majoras report on this Form 4?

Deborah P. Majoras reported receiving 742.115 Share Equivalent Units linked to American Express common stock. These units were granted under the Directors' Deferred Compensation Plan and will be settled in cash after her board service ends, rather than through immediate stock ownership or market purchases.

Was the AXP Form 4 filing for Deborah Majoras a market purchase or sale of stock?

No, the filing reports a grant of deferred Share Equivalent Units, not an open-market stock purchase or sale. The award is compensation-related, carries a zero transaction price, and will be settled in cash after her board service ends, rather than through immediate trading of American Express shares.

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

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Accepted by SEC EDGAR 05/07/2026 - 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^*

Majoras Deborah P

(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)
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)
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⁾	05/05/2026		A⁽²⁾		742.115		⁽³⁾	⁽³⁾	Common Stock	742.115	$0	5,059.021	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)

Source: View Original Filing on SEC EDGAR