Tabish Douglas 4

What Happened

• Tabish Douglas, Chief Risk Officer at American Express, had Performance Restricted Stock Units (PRSUs) vest on Feb 1, 2026, resulting in the acquisition of 9,504 shares (award/vesting). Simultaneously, 4,425 shares were surrendered to satisfy tax withholding obligations at an implied price of $352.17 per share, totaling approximately $1,558,352. The award acquisition is reported as "A" (award/vesting) and the surrender as "F" (tax withholding).

Key Details

• Transaction date: 2026-02-01; Form filed: 2026-02-03 (appears timely — within the typical two-business-day Form 4 window).
• Award: 9,504 shares acquired on vesting (price N/A for award shares).
• Tax withholding/surrender: 4,425 shares disposed at $352.17 each, total ≈ $1,558,352.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Shares resulted from vesting of PRSUs granted in Feb 2023 based on performance and continued employment.
  • F2: The disposition represents surrender of shares to satisfy tax obligations from the vesting.
  • F3: Notes some shares are held in the company Retirement Savings Plan (unit accounting may change reported share equivalents).

Context

• This was not an open-market sale for investment purposes but a routine tax-withholding action tied to PRSU vesting (a common form of executive compensation). The vesting converted previously granted PRSUs into shares, and a portion were surrendered to cover taxes. Such tax-withholding disposals are standard and don't necessarily signal the insider’s view on the stock.