American Express Co: director Wallace Noel R. received 116.093 shares

What happened Wallace Noel R., a director, received 116.093 share equivalent units as an award at $312.25 per unit on Sep 30, 2026, for a total value of $36,250, according to the Form 4 filed on Oct 02, 2026.

Key details

• Transaction date and price: Sep 30, 2026; $312.25 per share equivalent unit; total value $36,250. Transaction type: A (award/grant/acquisition).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F1: Each share equivalent unit reflects the value of one common share.
  • F2: The reported share equivalent units were acquired pursuant to the Directors' Deferred Compensation Plan and will be settled in cash following termination of service as a director.
  • F3: The share equivalent units are convertible immediately upon termination of service as a director and have no expiration date.
  • F4: Includes share equivalent units acquired pursuant to a dividend reinvestment feature of the Directors' Deferred Compensation Plan and/or the 2003 Share Equivalent Unit Plan for Directors.
• Form 4 filed on Oct 02, 2026.

Why it may matter

• This was a grant of share equivalent units (a derivative award) rather than an open-market purchase or sale; the units are to be settled in cash following termination of service.
• The filing does not show why the insider traded or why the company acted.