Joabar Raymond 4

What Happened Joabar Raymond, Group President, Global Commercial Services at American Express (AXP), received equity awards that vested on 2026-02-01 and surrendered shares to satisfy tax withholding. Specifically, 24,330 shares were acquired upon vesting of Performance Restricted Stock Units (PRSUs) and 14,659 shares were recorded as derivative shares from vested Performance Stock Options. To cover tax obligations arising from the PRSU vesting, 13,045 shares were surrendered (disposed) at $352.17 per share, generating approximately $4,594,058.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely filing).
• Acquisitions: 24,330 shares (PRSUs vesting) and 14,659 shares (vesting of performance options; reported at $0.00 as derivative issuance).
• Disposition: 13,045 shares surrendered for tax withholding at $352.17/share, proceeds ≈ $4,594,058 (transaction code F).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: Vesting tied to performance criteria and continued employment (F1, F4); the surrender was to cover tax liabilities (F2). Some holdings may be in the company Retirement Savings Plan (F3).

Context

• This was not an open-market sale for investment purposes but a tax-withholding transaction common with equity vesting (cashless/stock-surrender to cover taxes).
• The awards vested based on previously set performance goals (no new open-market purchase or strategic sell signal).
• For retail investors, purchases typically carry clearer bullish signals than routine vesting and withholding transactions like this one.