American Express Co: director Michael J Angelakis received 58.046 shares

What happened The filing reports that Michael J Angelakis, a director, received 58.046 share equivalent units (SEUs) at $312.25 per unit, totaling $18,125, under a grant on Sep 30, 2026. The transaction is reported as a derivative award under the directors' deferred compensation arrangements.

Key details

• Transaction date and price: Sep 30, 2026 — 58.046 SEUs at $312.25 per unit (total $18,125).
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes from the filing:
  • Each share equivalent unit reflects the value of one common share.
  • The SEUs were acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash following termination of service as a director.
  • The SEUs are convertible immediately upon termination of service and have no expiration date.
  • The amount includes SEUs acquired pursuant to a dividend reinvestment feature of the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.
• Filing timeliness: the filing does not indicate that this report was late.

Why it may matter

• This filing documents a derivative award (share equivalent units) granted to a director; it is not a market purchase or sale of common shares.
• The SEUs are payable in cash after the director leaves service and convert to a share-equivalent value upon termination.
• A filing does not show why the insider traded or why the company acted.