Anna Marrs, Group President of Global Merchant and Network Services at American Express Co (NYSE:AXP), filed a Form 4 on November 3, 2026, disclosing the exercise of employee stock options and the sale of common stock on November 2, 2026.

Key Highlights

  • Option exercise: Marrs exercised 44,910 employee stock options on November 2, 2026, at an exercise price of $148.45 per share, via transaction code M.
  • Three tranches sold: A total of 44,910 shares were sold across three separate tranches - 14,630 shares at a weighted average of $326.63, 16,833 shares at a weighted average of $327.25, and 13,447 shares at a weighted average of $327.77.
  • Remaining beneficial ownership: Following all reported transactions, Marrs directly held 20,508.938 shares of common stock.
  • Performance option vesting: The options exercised represent the remaining 25% of Performance Stock Options granted in October 2022, which vested based on satisfaction of performance criteria and continued employment through October 31, 2026.
  • Outstanding options remaining: After the exercise, Marrs retains 44,910 employee stock options with an exercise price of $148.45 and an expiration date of October 31, 2029.
  • New options acquired: On October 31, 2026, Marrs acquired 22,455 employee stock options (transaction code A) at $0 price, exercisable from October 31, 2026, through October 31, 2029.

Marrs Option Exercise and Share Sales: Transaction Details for American Express

According to the Form 4 filed with the SEC on November 3, 2026, Anna Marrs, identified in the filing as Group President, GMNS (Global Merchant and Network Services) at American Express Co, reported a series of transactions in the company's common stock on November 2, 2026. The earliest transaction date listed in the filing is October 31, 2026, related to the acquisition of new employee stock options.

The filing discloses that on November 2, 2026, Marrs exercised 44,910 employee stock options at a conversion price of $148.45 per share (transaction code M). These options had an expiration date of October 31, 2029. The filing explains that the options exercised represent "the vesting of the remaining 25% of the Performance Stock Options granted to the reporting person in October 2022, based upon the satisfaction of performance criteria specified for the award at the time of grant and the reporting person's continued employment through October 31, 2026." Following the exercise, Marrs held 65,418.938 shares directly, a figure the filing notes includes shares acquired pursuant to dividend reinvestment.

Also on November 2, 2026, Marrs disposed of a total of 44,910 shares across three transactions. The filing reports weighted average sale prices of $326.63, $327.25, and $327.77 for the three tranches, with actual prices ranging from $326.00 to $328.47 across all transactions. The filing notes that full information regarding individual transaction prices within each range is available upon request to American Express Company, its security holders, or SEC staff. After all disposals, Marrs's direct beneficial ownership stood at 20,508.938 shares of common stock. Separately, on October 31, 2026, Marrs acquired 22,455 new employee stock options at no cost, exercisable through October 31, 2029, bringing her total remaining options to 44,910 after the November 2 exercise.

What Was Disclosed

The filing reports Anna Marrs's exercise of 44,910 performance stock options at $148.45 and the same-day sale of 44,910 shares in three tranches at weighted average prices between $326.63 and $327.77, leaving her with 20,508.938 directly held shares.