Baltimore Thomas J Jr 4

What Happened
Thomas J. Baltimore Jr, a director of American Express Company (AXP), was granted 108.52 share-equivalent units on 2026-06-30. The units are reported at a reference value of $334.04 each, totaling $36,250. This was a grant/award (derivative) under the company’s directors’ deferred compensation arrangements, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Filing date: 2026-07-02 (filed two days after the transaction).
• Units granted: 108.52 share-equivalent units; reported value: $334.04 per unit; total value: $36,250.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Nature of award: Share Equivalent Units (derivative) under the Directors' Deferred Compensation Plan (transaction code A = award/grant).
• Important footnotes from the filing:
  • Each Share Equivalent Unit reflects the value of one common share. (F1)
  • Units were acquired under the Directors' Deferred Compensation Plan and will be settled in cash following termination of service as a director. (F2)
  • Units are convertible immediately upon termination of service and have no expiration date. (F3)
  • Grant includes units from dividend reinvestment features of the plan and/or the 2003 Share Equivalent Unit Plan for Directors. (F4)

Context
This is a routine derivative award for board service rather than a purchase or sale of common stock. Because the units are share-equivalents that will be paid in cash after the director leaves the board, they do not represent immediate ownership of common shares and are generally treated as compensation rather than a direct bullish or bearish market signal.