Pickett Denise 4

What Happened

• Denise Pickett, President, Enterprise Shared Services at American Express, had equity awards vest on 2026-02-01. The filing shows two award acquisitions totaling 33,672 shares (21,012 shares and 12,660 shares). Simultaneously, 10,287 shares were surrendered to satisfy tax withholding obligations, with the surrendered shares reported at $352.17 each for a total of $3,622,773.
• The transactions are award/vesting events and a tax-withholding disposition (routine administrative action), not an open‑market sale or purchase by the insider.

Key Details

• Transaction date: 2026-02-01; filing date: 2026-02-03 (no late filing flag shown).
• Acquisitions: 21,012 shares (award/vesting) and 12,660 shares (derivative award) — reported acquisition prices $N/A and $0.00 respectively.
• Disposition: 10,287 shares surrendered at $352.17 each = $3,622,773 (code F — tax withholding).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes from the filing:
  • F1: Shares from vesting of Performance Restricted Stock Units (granted Feb 2023).
  • F3: The 10,287-share disposition represents shares surrendered to satisfy tax obligations upon vesting.
  • F2 / F5: Filing notes include dividend reinvestment and vesting of performance stock options as related mechanics for the reported derivative shares.

Context

• These transactions reflect equity award vesting and routine tax withholding (a cashless surrender of shares), which are administrative and do not necessarily signal a change in insider sentiment.
• The derivative-line acquisition (reported at $0.00) indicates issuance of shares from awards rather than an open-market purchase; such vesting can be tied to prior performance-based grants.