Stephen J. Squeri - Jan 29, 2023 Form 4 Insider Report for AMERICAN EXPRESS CO (AXP)

Role
Chairman and CEO, Director
Signature
/s/ Kristina V. Fink, attorney-in-fact
Stock symbol
AXP
Transactions as of
Jan 29, 2023
Transactions value $
$8,765,927
Form type
4
Date filed
1/31/2023, 08:55 PM
Previous filing
Apr 29, 2022
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXP Common Stock Award $17.6M +102K +326.63% $172.31 133K Jan 29, 2023 Direct F1
transaction AXP Common Stock Tax liability -$8.84M -51.3K -38.45% $172.31 82.2K Jan 29, 2023 Direct F2
holding AXP Common Stock 126 Jan 29, 2023 401(k) Trust F3
holding AXP Common Stock 0 Jan 29, 2023 trusts fbo children

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AXP Employee Stock Option (Right to Buy) Award $0 +112K $0.00 112K Jan 29, 2023 Common Stock 112K $131.68 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired pursuant to vesting of Restricted Stock Units that were granted to the reporting person January 2020 and have vested based upon the satisfaction of performance criteria specified for the award at time of grant.
F2 The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Restricted Stock Units.
F3 Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.
F4 The reported acquisition represents the vesting of Stock Options that were granted to the reported person on 1/29/2020. These options became exercisable on 1/29/2023 based on the Company's positive cumulative net income over the three year performance period.