WARDELL LISA W 4

What Happened

• Lisa Wardell, a director of American Express Company (AXP), was granted 742.115 share-equivalent units on 2026-05-05. The filing reports an acquisition at $0.00 (derivative award), meaning this was an awarded grant of deferred compensation rather than an open-market purchase.
• The reported transaction is recorded as an award/grant (code A); no cash was paid for the units and no immediate shares were delivered.

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (appears timely).
• Reported amount: 742.115 Share Equivalent Units; reported price: $0.00; reported dollar amount: $0 (derivative).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes of note:
  • 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 service as a director.
  • F3: Units are convertible immediately upon termination of service and have no expiration date.
• Transaction code: A = Award/Grant.

Context

• These are share-equivalent units (a derivative deferred-compensation vehicle) that track the value of common shares but are cash-settled when the director leaves the board. They are common for non-employee directors and do not represent an open-market purchase or sale.
• Such grants are routine compensation and not in themselves a direct signal of the insider's view of the stock.