Young Christopher David 4

What Happened
Christopher David Young, a director of American Express Company (AXP), received a grant of 119.746 share-equivalent units on June 30, 2026. The units are reported at an attributable price of $334.04 each, for a total reported value of $40,000. This was an award under director compensation arrangements (derivative award), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; transaction type: Award/Grant (code A).
• Price used for reporting: $334.04 per share-equivalent unit; total value: $40,000.
• Shares after transaction: not specified in the filing.
• Footnotes:
  • 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 after the director leaves service (F2).
  • Units convert immediately upon termination of service and have no expiration date (F3).
  • Amount includes units from dividend reinvestment features of the directors' plans (F4).
• Filing: Form 4 covering the 6/30/2026 transaction was filed with the SEC on 2026-07-02.

Context
These are share-equivalent units (a deferred compensation award) that will be paid in cash when the director’s service ends, so they do not represent immediately tradable common shares. Such awards are routine components of director pay and should be viewed as compensation rather than a direct buy/sell signal.