American Express Co: director Charles E Phillips Jr received 60.048 shares

What happened

• Charles E Phillips Jr, director, received 60.048 share equivalent units as a grant/award (reported as a derivative acquisition) at $312.25 per unit on Sep 30, 2026, for a total reported value of $18,750.

Key details

• Transaction date and price: Sep 30, 2026 at $312.25 per unit.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes:
  • F1: Each share equivalent unit reflects the value of one common share.
  • F2: Units were acquired pursuant to the directors' deferred compensation plan and will be settled in cash following termination of service as a director.
  • F3: Units are convertible immediately upon termination of service and have no expiration date.
  • F4: Includes units acquired pursuant to a dividend reinvestment feature of the plan.
• Filed: Oct 2, 2026. Filing timeliness not indicated as late in the report.

Why it may matter

• The transaction was an award of share equivalent units under a directors' deferred compensation plan, not an open-market purchase or sale; the units will be settled in cash after the director's service ends. This filing does not show why the insider traded or why the company acted.