Angelakis Michael J 4

What Happened

• Michael J. Angelakis, a director of American Express (AXP), was granted 60.592 share-equivalent units on 2026-03-31 at a reported per-share value of $299.13, a total value of roughly $18,125. This was an award/derivative grant (not an open-market purchase or sale) under the company’s directors’ deferred compensation arrangements.

Key Details

• Transaction date and amount: 2026-03-31 — 60.592 Share Equivalent Units @ $299.13 each (total ≈ $18,125). Transaction type: Award/Acquisition (derivative).
• Instrument: Share Equivalent Units (derivative) acquired under the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.
• Settlement and conversion: Units reflect the value of one common share, are convertible immediately upon termination of director service, have no expiration date, and will be settled in cash following termination of service.
• Dividend feature: Includes units acquired via a dividend reinvestment feature of the deferred compensation plan(s).
• Filing date/timeliness: Report filed 2026-04-02 for a 2026-03-31 transaction — appears to be within the normal two-business-day Form 4 reporting window.
• Shares owned after transaction: Not specified in the filing.

Context

• These are deferred-compensation, cash-settled share-equivalent units, common for non-employee directors. They are not immediate stock purchases or sales and typically represent routine director compensation rather than a direct market sentiment signal.