Angelakis Michael J 4

What Happened
Michael J. Angelakis, a director of American Express Company (AXP), was granted 742.115 share-equivalent units (transaction code A) on 2026-05-05. The Form 4 reports an acquisition price of $0.00 — these are a grant of director deferred compensation units rather than a cash purchase of common stock. The filing does not state a market-dollar value or a change in current common-share ownership.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (appears timely).
• Amount: 742.115 share-equivalent units (SEUs) recorded at $0.00 per unit.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Award/grant of derivative units under the Directors' Deferred Compensation Plan (transaction code A).
• Footnotes: SEUs reflect the value of one common share; they were awarded under the Directors' Deferred Compensation Plan and will be settled in cash following termination of director service. SEUs convert upon termination, have no expiration, and include units from dividend reinvestment features.

Context
These are deferred compensation units (derivatives), not immediate common-stock holdings. They are cash-settled when the director leaves the board and thus do not represent an open-market purchase or sale that directly signals near-term insider bullishness or bearishness. This is a routine form of director compensation rather than a market transaction.