Baltimore Thomas J Jr 4

What Happened Thomas J. Baltimore Jr., a director of American Express Co. (AXP), was granted 742.115 share-equivalent units on 2026-05-05. The units were reported at $0.00 per unit (no cash paid) and are derivative awards rather than open-market purchases or sales. These units reflect the economic value of common shares but will be settled in cash under the company’s directors’ deferred compensation plan.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (timely).
• Award: 742.115 share-equivalent units; reported price $0.00 (no cash outlay).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes:
  • F1: Each Share Equivalent Unit equals the value of one common share.
  • F2: Units were acquired under the Directors' Deferred Compensation Plan and will be settled in cash after the director’s service ends.
  • F3: Units are convertible immediately upon termination of service and have no expiration date.
• Transaction type: Award/grant (derivative); coded "A" on the Form 4.

Context Share-equivalent units are a form of deferred compensation that track the value of common stock but are settled in cash when the director leaves service. Such awards are routine components of director compensation and do not indicate an open-market buy or sell by the insider.