American Express Chairman and CEO Stephen J. Squeri filed a Form 4 on November 6, 2026, disclosing transactions in American Express Co common stock dated November 4, 2026, including the exercise of employee stock options and subsequent open-market sales.

Key Highlights

  • Option exercise: Squeri acquired 299,401 shares of common stock on November 4, 2026, via an employee stock option (transaction code M) at an exercise price of $148.45 per share.
  • Four tranches sold: On the same date, Squeri disposed of a total of 299,401 shares across four separate sale transactions at weighted average prices ranging from $330.52 to $332.98 per share.
  • Direct holdings after transactions: Following all reported transactions, Squeri's directly held beneficial ownership stood at 60,567 shares of common stock.
  • Indirect holdings: Squeri also holds 130.45 shares indirectly through the company's 401(k) Retirement Savings Plan and 163,292.479 shares indirectly through the Stephen J. Squeri 2025 Master GRAT.
  • Option fully exercised: The employee stock option, with an expiration date of October 31, 2029, was fully exercised, leaving zero derivative securities remaining after the transaction.
  • Issuer: American Express Co, listed as NYSE:AXP.

Squeri's November 4 Option Exercise and Share Sales at American Express

According to the filing, Squeri exercised an employee stock option (right to buy) covering 299,401 shares of American Express Co common stock on November 4, 2026, at a conversion price of $148.45. The option had become exercisable on October 31, 2026, and carried an expiration date of October 31, 2029. Following the exercise, the filing reports zero remaining derivative securities of this type in Squeri's direct ownership.

On the same date, the filing discloses four separate dispositions of common stock, all coded as open-market sales (transaction code S). The first tranche covered 7,851 shares at a weighted average price of $330.52, with individual sale prices ranging from $329.90 to $330.88. The second tranche covered 85,245 shares at a weighted average price of $331.64, with prices ranging from $330.91 to $331.90. The third tranche covered 200,791 shares at a weighted average price of $332.42, with prices ranging from $331.91 to $332.90. The fourth tranche covered 5,514 shares at a weighted average price of $332.98, with prices ranging from $332.91 to $333.20. All four prices reported in the filing are described as weighted averages rounded to the nearest cent.

After all four sales, Squeri's directly held common stock totaled 60,567 shares, the filing states. Indirect holdings include 130.45 shares held through the company's Retirement Savings Plan, which the filing notes "uses unit accounting," and 163,292.479 shares held through the Stephen J. Squeri 2025 Master GRAT. The filing was signed by James J. Killerlane III as attorney-in-fact on November 6, 2026.

What Was Disclosed

The filing reports the November 4, 2026, exercise of a 299,401-share employee stock option at $148.45 by American Express Chairman and CEO Stephen J. Squeri, followed by the same-day sale of all 299,401 acquired shares in four tranches at weighted average prices between $330.52 and $332.98.