Ameriprise (AMP) CEO James Cracchiolo Exercises Options, Sells Shares

What Happened
James M. Cracchiolo, Chairman and CEO of Ameriprise Financial (AMP), exercised 52,932 option shares on July 28, 2026 (code M) at an exercise price of $165.41, representing an exercise cost of $8,755,482. The filing shows 52,932 shares were then disposed: 34,912 shares were sold/used to cover the exercise price or tax withholding at a weighted average price of $545.83 (proceeds ~$19,056,017; code F), and 18,020 shares were sold in the open market in two tranches — 16,120 shares at a weighted average of $545.28 (proceeds ~$8,789,896; code S, F1) and 1,900 shares at ~$546.67 (proceeds ~$1,038,665; code S, F2). Total gross proceeds from the sales were roughly $28.9 million. The shares sold equal the number exercised, indicating a cashless/sell-to-cover exercise.

Key Details

• Transaction date: July 28, 2026; Form 4 filed July 30, 2026 (no late filing noted).
• Exercise: 52,932 shares at $165.41 (total exercise cost $8,755,482).
• Sales/disposals: 34,912 shares at $545.83 (tax/withholding; F), 16,120 shares at $545.00–$545.585 (weighted avg $545.28; F1), 1,900 shares at $546.62–$546.67 (weighted avg $546.67; F2).
• Total shares exercised = 52,932; total shares sold = 52,932; total sales proceeds ≈ $28,884,578.
• Footnotes: F1/F2 explain weighted-average prices and per-share price ranges; F3 notes an estimate of shares held in the Ameriprise 401(k) stock fund (unit accounting); F4 indicates the award/options were fully vested.
• Shares owned after the transaction are not explicitly stated in the filing; the exercised shares were fully used to cover exercise price/taxes and sold.

Context
This was an option exercise (code M) followed by withholding and open-market sales (codes F and S), a common "cashless" pattern where exercised shares are sold to cover exercise costs and tax obligations. Such transactions document insider liquidity but do not, by themselves, indicate a change in the CEO’s long-term view of the company.