American Express Director Noel R. Wallace Receives Quarterly Deferred Stock Units
AMERICAN EXPRESS CO
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Filing Summary
American Express Co ($AXP) - Form 4 Filing Summary • Insider: Noel R. Wallace (Director) • Transaction: Acquisition (Code A) of 116.093 Share Equivalent Units at $312.25/share (~$36,250.04) • Date: 2026-09-30 • Post-Transaction Holdings: 1,091.002 Share Equivalent Units • Significance: Low (Routine quarterly deferred compensation for board service)
Comprehensive Analysis
Executive Summary
On October 2, 2026, American Express Co ($AXP) filed a Form 4 on behalf of Director Noel R. Wallace. The filing reports an acquisition of 116.093 Share Equivalent Units on September 30, 2026, priced at $312.25 per share, representing an aggregate value of approximately $36,250.04.
Transaction Breakdown
- Security: Share Equivalent Units (convertible 1:1 into cash value of Common Stock upon retirement from the board)
- Transaction Code:
A(Grant, award, or other acquisition) - Units Acquired: 116.093
- Unit Price: $312.25
- Plan: Directors' Deferred Compensation Plan
- Beneficial Ownership Following Transaction: 1,091.002 units
Market & Governance Impact
This transaction represents standard quarterly director compensation credited as deferred share equivalent units under the company's established director compensation policy. Because it is an automated award under a deferred compensation plan rather than an open-market purchase or sale, it carries low trading significance.
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Important Disclaimer
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