Angelakis Michael J 4

What Happened

• Michael J. Angelakis, a director of American Express Company (AXP), was granted 54.26 share equivalent units on June 30, 2026. The reported per-unit value was $334.04, for a total reported value of $18,125. This was an award/acquisition of derivative units rather than an open‑market purchase or sale.

Key Details

• Transaction date and value: 2026-06-30, 54.26 share equivalent units at $334.04 each; total $18,125.
• Filing: Form 4 filed with accession 0000004962-26-000292 on 2026-07-02 (no late‑filing flag provided in the excerpt).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: units are "Share Equivalent Units" (F1); acquired under the Directors' Deferred Compensation Plan and will be settled in cash after termination of service (F2); units convert immediately upon termination and have no expiration (F3); amount includes units from dividend reinvestment and/or the 2003 plan (F4).

Context

• These are derivative share-equivalent units granted as director compensation and are settled in cash after the director leaves service — they do not represent immediate ownership of common stock. Such grants are routine for non-executive directors and should be viewed as compensation-related rather than a direct buy/sell signal.