Buckminster Douglas E. 4

What Happened
Douglas E. Buckminster, Vice Chairman of American Express (AXP), had multiple equity awards vest on Feb 1, 2026 and surrendered a portion of the vested shares to satisfy tax withholding. The filing shows 62,870 shares were acquired through vesting/award events (38,154 + 1,728 + 22,988). To cover tax obligations he surrendered 21,643 shares (20,933 + 710) at $352.17 per share, generating proceeds of roughly $7.62 million (reported as $7,371,975 and $250,041 for the two withholding events).

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely filing).
• Acquisitions reported: 38,154 shares (performance RSUs), 1,728 shares (2022 annual incentive RSUs), and 22,988 shares (vesting of performance stock options). Some awards are reported as derivative/$0 in the Form 4 as vested instruments.
• Dispositions (tax withholding): 20,933 shares and 710 shares surrendered at $352.17 per share (total ≈ $7.62M). These disposals are reported as satisfying tax liabilities.
• Footnotes: F1–F5 indicate these shares resulted from vesting of Performance Restricted Stock Units, Restricted Stock Units tied to 2022 annual incentive results, and Performance Stock Options granted in Feb 2023. F2 and F4 confirm the disposals were for tax withholding.
• Shares owned after the transactions: not specified in the provided excerpt.

Context

• These transactions are routine compensation-related vesting and tax-withholding events (a cashless surrender), not open-market purchases or discretionary sales.
• The derivative entry (22,988 shares at $0) reflects vesting/conversion of performance stock options into common shares per the award terms.
• Such vesting and automatic withholding are common and do not, by themselves, signal a change in the insider’s market view.