American Express Director Acquires Deferred Share Equivalent Units

Overview

On October 2, 2026, American Express Co ($AXP) director Thomas J. Baltimore Jr. reported the acquisition of 116.093 Share Equivalent Units on September 30, 2026. The transaction was valued at $312.25 per unit, representing a total transaction value of approximately $36,250.04.

Transaction Details

• Security: Share Equivalent Units (convertible into cash on a 1-for-1 basis following termination of board service)
• Transaction Code: 'A' (Grant, award, or other acquisition)
• Context: Units were acquired pursuant to the Directors' Deferred Compensation Plan.
• Holdings Post-Transaction: Following the acquisition, the reporting owner directly holds 10,529.435 Share Equivalent Units, which also includes units accumulated under dividend reinvestment provisions.

Market Impact & Significance

This transaction carries Low trading significance as it represents standard director equity compensation deferrals rather than an open-market purchase or sale. It reflects normal board compensation mechanics rather than discretionary directional sentiment.