Young Christopher David 4

What Happened Christopher David Young, a director of American Express Company (AXP), was granted 133.721 share-equivalent units (SEUs) on March 31, 2026. The units are reported at $299.13 each, for a total reported value of $40,000. This transaction is coded as an award/grant (A) and represents a derivative compensation award rather than an open-market stock purchase.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely within the standard reporting window).
• Units granted: 133.721 share-equivalent units at $299.13 per unit; total reported value $40,000.
• Shares owned after transaction: not reported in this filing.
• Transaction type/code: A = Award/Grant (derivative).
• Notable terms from footnotes:
  • Each SEU reflects the value of one common share.
  • SEUs were granted under the Directors' Deferred Compensation Plan and will be settled in cash following termination of director service.
  • SEUs convert upon termination of service and have no expiration.
  • The reported units may include amounts acquired via a dividend reinvestment feature.

Context Share-equivalent units are a common form of director compensation that track the value of common shares but, in this case, will be paid in cash when the director leaves the board. Because these are derivative compensation awards (not immediate stock purchases or sales), they are generally routine and do not necessarily indicate the director is buying or selling the company's equity for investment reasons.