Seeger Laureen 4

What Happened

• Laureen Seeger, Chief Legal Officer of American Express (AXP), reported multiple equity vesting events on Feb 1, 2026. She acquired a total of 42,798 shares from awards/derivative conversions (25,988 + 1,152 + 15,658). To satisfy tax withholding related to vesting, she surrendered 14,599 shares (14,119 + 480) at $352.17 per share, generating proceeds of $5,141,330 (reported as dispositions).
• The transactions reflect vesting of Performance Restricted Stock Units (PSUs), Restricted Stock Units (RSUs) tied to the 2022 Annual Incentive, and the vesting/exercise of Performance Stock Options (derivative conversion). The surrendered shares were used to cover tax obligations (cashless withholding), not an open-market sale for investment reasons.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely; within standard 2-business-day reporting window).
• Dispositions: 14,119 shares and 480 shares surrendered to cover taxes at $352.17/share — total ~$5,141,330.
• Acquisitions: 25,988 shares (PSUs vesting), 1,152 shares (includes dividend reinvestment), and 15,658 shares (performance stock options vesting/derivative conversion).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: vesting tied to performance criteria from Feb 2023 grants (PSUs, options), RSUs for 2022 Annual Incentive earned based on cumulative net income (2023–2025), and surrendering of shares to satisfy tax withholding (routine).

Context

• These transactions are primarily vesting and tax-withholding events (common executive compensation mechanics). The surrender of shares to cover taxes is routine and does not necessarily signal a decision to liquidate holdings for other reasons.
• Derivative transaction: the 15,658 shares were reported as a derivative acquisition tied to performance stock options vesting — effectively converting options into shares upon satisfaction of performance and service conditions.