Pickett Denise 4

What Happened

• Denise Pickett, President, Enterprise Shared Services at American Express, exercised options to acquire 12,660 shares at $173.61 ($2,197,903) on Feb 5, 2026, and sold 23,385 shares in an open-market transaction at $356.91 for approximately $8,346,340. The filing also lists the 12,660 exercised shares as disposed at $0, indicating those option shares were not retained by the reporting person.

Key Details

• Transaction date: 2026-02-05 (Form 4 filed 2026-02-06 — appears timely)
• Option exercise: 12,660 shares exercised at $173.61 → $2,197,903 (code M, acquired)
• Open-market sale: 23,385 shares sold at $356.91 → $8,346,340 (code S, disposed)
• Exercise/Disposition entry: 12,660 shares also reported as disposed at $0 (code M) — filing does not detail the exact mechanics
• Shares owned after transaction: not specified in this filing
• Footnote: F1 — some shares are held in the company Employee Stock Ownership Plan

Context

• This filing shows an option exercise combined with a significant stock sale. The reporting entries (exercise + zero-value disposition of the exercised shares) commonly reflect an immediate sale or settlement tied to the exercise (e.g., cashless exercise or shares used for tax/settlement), but the form does not spell out the exact method. Sales are often routine for executives exercising/options-related liquidity; the filing provides transaction amounts but not the insider’s intent.