Grosfield Howard 4

What Happened

• Howard Grosfield, Group President, U.S. Consumer Services at American Express, disposed of 8,134 shares in an open-market sale on February 12, 2026. The shares were sold at $346.73 per share for total proceeds of $2,820,302. This was a sale (transaction code S) rather than a purchase or option exercise.

Key Details

• Transaction date and price: 2026-02-12, 8,134 shares at $346.73 each.
• Total value: $2,820,302.
• Source of shares: Footnote F1 indicates the shares were held in the reporting person’s account under the company’s Retirement Savings Plan (unit accounting; share counts vary with fund unit price).
• Ownership after transaction: Not specified in the provided excerpt of the filing.
• Filing/timeliness: Form 4 was filed on Feb 13, 2026 (one day after the transaction), which is a timely filing. No 10b5-1 or other trading-plan notation was reported in the supplied details.

Context

• This was a straight sale of holdings from the insider’s retirement-plan account. A single insider sale does not, by itself, indicate management’s view of the company—many sales are routine (e.g., portfolio rebalancing or personal financial needs). Retail investors should consider this data point alongside broader insider activity and company fundamentals.