Brennan John Joseph 4

What Happened

• John Brennan, a director of American Express Company (AXP), was granted 742.115 share-equivalent units on 2026-05-05. The Form 4 reports the award as a derivative acquisition with an acquisition price of $0.00 (i.e., a compensation grant rather than an open-market purchase).

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-07 (file appears timely).
• Amount: 742.115 Share Equivalent Units (SEUs); reported acquisition price $0.00.
• Shares owned after transaction: not specified in the supplied filing details.
• Footnotes: F1 — each SEU equals 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 service as a director; F3 — units are convertible immediately upon termination and have no expiration date.
• Transaction type: Award/Grant (derivative equity award), code A on the Form 4.

Context

• These SEUs are a deferred compensation award for board service and are payable in cash when the director leaves the board; they do not represent immediate stock ownership or an open-market purchase. Such grants are typically routine compensation and should be interpreted accordingly rather than as a direct trading signal.