PHILLIPS JR CHARLES E 4

What Happened

• Charles E. Phillips Jr., a director of American Express Company (AXP), was granted 742.115 Share Equivalent Units on 2026-05-05. The units were reported at $0.00 per unit (no immediate cash purchase or sale). These are awards under the company's directors' deferred compensation plan, not an open-market stock purchase.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07.
• Amount: 742.115 Share Equivalent Units reported at $0.00; reported total value $0.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: F1 — each Share Equivalent Unit reflects the value of one common share; F2 — units were acquired under the Directors' Deferred Compensation Plan and will be settled in cash after termination of service as a director; F3 — units are convertible immediately upon termination and have no expiration date.
• Filing timeliness: filing date is two days after the transaction; no late-filing flag was indicated in the provided data.

Context

• These are derivative, deferred-compensation awards (share-equivalent units) that typically settle in cash when the director leaves service; they do not represent an immediate purchase of common stock and do not dilute shares until (and unless) settled. Such awards are common for non-employee directors and are not direct indicators of near-term buying or selling intent.