Ameriprise (AMP) CFO Walter Berman Exercises Options and Sells Shares

What Happened

• Walter S. Berman, Executive Vice President and Chief Financial Officer of Ameriprise Financial, exercised stock options to acquire a total of 34,111 shares (10,905 shares at $165.41 and 23,206 shares at $197.87) on July 28, 2026 (exercise cost ≈ $6.40M). The same day he disposed of all 34,111 shares — 23,099 shares were surrendered/withheld to cover exercise price and tax liability and 11,012 shares were sold in the open market — producing total proceeds of ≈ $18.77M. Net proceeds (proceeds minus exercise cost) were about $12.37M.
• The filing shows the derivative instruments were cancelled upon exercise (derivative disposition entries at $0), indicating these were option exercises followed by share disposition (a cashless exercise pattern).

Key Details

• Transaction date: July 28, 2026; Form 4 filed July 30, 2026 (appears timely).
• Option exercises acquired: 10,905 @ $165.41 (≈ $1.80M) and 23,206 @ $197.87 (≈ $4.59M) — total cost ≈ $6.40M.
• Dispositions: 23,099 shares withheld for exercise/taxes @ $550.81 (≈ $12.72M); 10,590 shares sold in the open market (weighted avg price per F1) ≈ $5.81M; 422 shares sold @ $549.76 ≈ $232K. Total proceeds ≈ $18.77M.
• Shares owned after transaction: not specified in the provided filing excerpt; footnote F2 only estimates 401(k) plan units and does not reflect total holdings.
• Notable footnotes: F1 explains the weighted-average sale price range for the market sale and that detailed per-price sale counts are available on request; F2 notes 401(k) fund unit accounting; F3 indicates the options were fully vested.

Context

• This is a common “exercise-and-sell” (cashless exercise) pattern: the insider exercised vested options and immediately used withheld shares to cover exercise price/taxes and sold the remainder in the open market. Such transactions often reflect option plan mechanics rather than a directional bet on the stock; they are routine for executives exercising compensation awards.
• The filing is informational and does not by itself indicate management’s view of the company’s prospects.