American Express Chairman and CEO Stephen J. Squeri was reported as acquiring 74,850 employee stock options in a beneficial ownership statement filed with the SEC on November 3, 2026, reflecting the vesting of a portion of a 2022 performance-based award.

Key Highlights

  • Reporting person: Stephen J. Squeri, Chairman and CEO of American Express Co (NYSE:AXP)
  • Transaction date: October 31, 2026
  • Security acquired: 74,850 Employee Stock Options (Right to Buy) with an exercise price of $148.45
  • Options expiration date: October 31, 2029, with the date exercisable listed as October 31, 2026
  • Post-transaction holdings: 299,401 derivative securities beneficially owned directly following the reported transaction
  • Price of derivative security: $0, as stated in the filing

Stephen Squeri's October 2026 Option Vesting at American Express

According to the filing, the 74,850 options represent the vesting of the remaining 25% of Performance Stock Options granted to Squeri in October 2022. The filing states that vesting was contingent on "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." American Express is a global financial services company that issues credit cards, charge cards, and travel-related services to consumers and businesses worldwide.

The transaction was recorded under Table II (Derivative Securities) with transaction code "A," indicating an acquisition. The underlying security is Common Stock, with 74,850 shares underlying the options. The exercise price is listed as $148.45, and the price of the derivative security at acquisition is reported as $0. Following this transaction, Squeri is reported to hold 299,401 derivative securities in a direct ownership form, according to the filing.

The statement was filed by James J. Killerlane III as attorney-in-fact for Squeri on November 3, 2026. No non-derivative securities transactions were reported in Table I of the filing. The filing does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan, as that checkbox was not selected.

What Was Disclosed

The filing disclosed that American Express Chairman and CEO Stephen J. Squeri acquired 74,850 employee stock options on October 31, 2026, at an exercise price of $148.45, representing the final 25% vesting tranche of a performance-based award originally granted in October 2022.