PHILLIPS JR CHARLES E 4

What Happened Charles E. Phillips Jr., a director of American Express Co. (AXP), was granted 56.131 share-equivalent units on 2026-06-30. The units are valued at $334.04 each, for a total grant value of $18,750. This transaction is an award (derivative grant) under the company’s directors’ deferred compensation arrangements rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (no late filing indicated in the form).
• Grant: 56.131 Share Equivalent Units at $334.04 per unit; total value reported $18,750.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes summary:
  • Each Share Equivalent Unit (SEU) reflects the value of one common share.
  • SEUs were acquired under the Directors' Deferred Compensation Plan and will be settled in cash after termination of director service.
  • SEUs are convertible immediately upon termination and have no expiration date.
  • Amount includes units from dividend reinvestment features of the directors’ plans.

Context These are derivative awards (share-equivalent units) used for director compensation and are typically cash-settled when the director leaves the board. Such grants are routine compensation and do not directly indicate a buy/sell signal in the open market.