Howard Grosfield, Group President of U.S. Consumer Services at American Express Co, filed a Form 4 on November 3, 2026, disclosing the vesting of 17,465 employee stock options on October 31, 2026.

Key Highlights

  • Security type: Employee Stock Option (Right to Buy) with an exercise price of $148.45
  • Transaction date: October 31, 2026, with 17,465 options acquired via transaction code A
  • Vesting detail: The options represent the remaining 25% of a Performance Stock Option grant originally made in October 2022
  • Performance condition: Vesting required satisfaction of performance criteria specified at the time of grant and continued employment through October 31, 2026
  • Expiration date: The options are exercisable from October 31, 2026 through October 31, 2029
  • Post-transaction holdings: Grosfield holds 69,860 derivative securities beneficially owned directly following this transaction
  • Price of derivative security: $0, as reported in the filing

Grosfield's October 2022 Performance Options Complete Final Vest

According to the filing, Howard Grosfield, serving as Group President of U.S. Consumer Services at American Express Co (NYSE:AXP), reported the acquisition of 17,465 employee stock options on October 31, 2026. The transaction code is listed as "A" (acquired), and the price of the derivative security is listed as $0. The underlying security is Common Stock, with the options carrying an exercise price of $148.45 per share.

The filing's explanation of responses states that the vesting "represents 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 this transaction, the filing reports that Grosfield directly holds 69,860 derivative securities in total. The options have an expiration date of October 31, 2029.

The Form 4 was signed by James J. Killerlane III as attorney-in-fact and filed on November 3, 2026. No non-derivative securities transactions were reported in Table I of this filing.

What Was Disclosed

The filing disclosed the vesting of 17,465 performance stock options by American Express officer Howard Grosfield, representing the final 25% tranche of a 2022 grant, with an exercise price of $148.45 and an expiration date of October 31, 2029.