Brennan John Joseph 4

What Happened
John J. Brennan (listed in the filing as Brennan John Joseph), a director of American Express Company (AXP), was granted 198.33 share-equivalent units on 2026-06-30 at a report value of $334.04 each, for a total value of $66,250. This transaction is reported as an award/grant (derivative units) under the company's directors’ deferred compensation arrangements, not an open-market purchase.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (appears within the normal two-business-day Form 4 reporting window).
• Grant: 198.33 Share Equivalent Units (SEUs) valued at $334.04 each; total reported value $66,250. Transaction code: A (award/grant).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: SEUs reflect 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). SEUs are convertible immediately upon termination of service and have no expiration date (F3). Amount includes units from dividend reinvestment under the plan (F4).

Context
These are derivative share-equivalent units awarded as director compensation and are payable in cash after the director leaves service, so they are compensation-related rather than an active market purchase or sale. Such awards are routine for non-employee directors and do not, by themselves, indicate a buy or sell signal in the open market.