Skyler Jennifer 4
Research Summary
AI-generated summary
American Express (AXP) Skyler Jennifer Sells Shares for Taxes
What Happened
- Skyler Jennifer, Chief Corporate Affairs Officer at American Express (AXP), had performance-based awards vest on Feb 1, 2026. As a result, she acquired 9,952 shares from vested Performance Restricted Stock Units and 5,997 shares from vested Performance Stock Options. To satisfy tax withholding on the vesting, she surrendered 5,097 shares at $352.17 per share, a disposition totaling $1,795,010. The Form 4 was filed on Feb 3, 2026.
Key Details
- Transaction date(s): 2026-02-01; Form 4 filed: 2026-02-03 (timely filing).
- Disposition: 5,097 shares surrendered at $352.17 each for $1,795,010 (tax withholding).
- Acquisitions: 9,952 shares (PRSUs vesting) and 5,997 shares (vesting of performance stock options; reported as derivative).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes:
- F1: 9,952 shares = vesting of Performance Restricted Stock Units granted Feb 2023.
- F2: The 5,097-share disposition represents shares surrendered to satisfy tax obligations on the vesting.
- F3: 5,997 shares = vesting of Performance Stock Options granted Feb 2023.
- Exhibit noted: Exhibit 24 (Power of Attorney).
Context
- This was not an open-market sale for personal cash needs but a routine net settlement/tax-withholding related to compensation vesting: awards/options vested and some shares were surrendered to cover taxes. Such transactions typically reflect compensation events rather than a direct signal of the insider’s buy/sell sentiment.
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