Majoras Deborah P 4

What Happened Deborah P. Majoras, a director of American Express Co. (AXP), was granted 742.115 Share Equivalent Units (SEUs) on 2026-05-05. The report shows an acquisition (award) of 742.115 units at $0.00 per unit (derivative grant); these units are compensatory and will be settled in cash, not as common shares, upon her termination of service.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-07 (appears timely).
• Grant: 742.115 Share Equivalent Units, reported price $0.00 (award/derivative).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes:
  • F1: Each Share Equivalent Unit reflects the value of one common share.
  • F2: Units were granted 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.
• Transaction code: A (award/grant).

Context This was a compensation award to a director rather than an open‑market purchase or sale. Share Equivalent Units are common for deferred director pay; because they are cash‑settled and payable after leaving the board, they do not represent an immediate purchase of stock and should not be interpreted as a direct bullish or bearish market signal.