PHILLIPS JR CHARLES E 4

What Happened
Charles E. Phillips Jr., a director of American Express Co. (AXP), was granted 62.682 share-equivalent units on 2026-03-31. The units are valued at $299.13 each, for a total reported value of $18,750. This transaction is reported as an award/acquisition (code A) and represents derivative compensation rather than an open-market purchase of common stock.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (no late filing indicator reported).
• Instrument: Share Equivalent Units (derivative) — 62.682 units at $299.13 each; total $18,750.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: Each Share Equivalent Unit reflects the value of one common share.
  • F2: Units were acquired under the Directors' Deferred Compensation Plan and will be settled in cash following termination of director service.
  • F3: Units are convertible immediately upon termination of service and have no expiration date.
  • F4: Includes units acquired via dividend reinvestment features of the plan.
• Transaction code: A (award/acquisition); reported as a derivative transaction (settled in cash).

Context
Share Equivalent Units are a common form of deferred director compensation: they track the value of common shares but do not represent actual stock ownership or voting rights today and are scheduled to convert/settle (here, in cash) upon the director’s service termination. Such awards are routine compensation disclosures and are not direct indications of buying or selling sentiment in the market.