McNeal Glenda G 4

What Happened

• Glenda McNeal, Chief Partner Officer of American Express (AXP), had 11,750 shares issued to her on Feb 1, 2026 as the vesting of Performance Restricted Stock Units (PRSUs) granted in Feb 2023.
• To satisfy tax withholding on the vesting, 6,090 of those shares were surrendered (disposed) at an indicated per-share value of $352.17, representing $2,144,715 in withholding. This was a tax-withholding share surrender, not an open-market sale.

Key Details

• Transaction date: February 1, 2026; Form 4 filed Feb 3, 2026 (appears timely — filed within two business days).
• Award: 11,750 shares issued on vesting (no per-share acquisition price reported).
• Withholding disposition: 6,090 shares at $352.17 per share — $2,144,715 surrendered to cover taxes.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: Shares were from vesting of PRSUs granted in Feb 2023 based on performance and continued employment.
  • F2: Some shares include dividend reinvestment.
  • F3: The 6,090-share disposition represents surrender of shares to satisfy tax obligations (withholding).

Context

• This is a routine vesting and tax-withholding transaction: PRSUs vested and a portion of the shares were surrendered to cover tax liabilities. Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.