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Stephen Squeri, Chairman and CEO of American Express Co (NYSE:AXP), sold a total of $37,033,681 in company stock on September 4, 2025. The sales involved 112,272 shares of American Express common stock, with prices ranging from $329.03 to $330.43. The transaction occurred as the stock traded near its 52-week high of $332.46, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.
The Form 4 filing with the Securities and Exchange Commission shows that Squeri executed the sales in multiple transactions. Specifically, 24,480 shares were sold at a weighted average price of $329.03, 48,522 shares were sold at a weighted average price of $329.81, and 39,270 shares were sold at a weighted average price of $330.43. American Express, with a market capitalization of $226.46 billion and a P/E ratio of 22.84, maintains a "GOOD" financial health score according to InvestingPro metrics.
On the same day, Squeri exercised options to acquire 112,272 shares of American Express common stock at a price of $131.68, for a total value of $14,783,976.
Additionally, Squeri withdrew 52,870 shares from a Grantor Retained Annuity Trust (GRAT) and contributed cash and securities of equivalent value to the trust. Simultaneously, Squeri acquired 52,870 shares directly.
In other recent news, American Express released its updated statistics for card loan delinquency and write-off rates as of July 31, 2025. The total U.S. Consumer Card Member loans held for investment were reported at $93.7 billion, with a delinquency rate of 1.3% and a net write-off rate of 2.0%. Wells Fargo raised its price target for American Express to $375 from $350, maintaining an Overweight rating and citing the U.S. Platinum card refresh as a positive factor. Additionally, American Express has been named the Official Payments Partner of Hard Rock Stadium, the Formula 1 Crypto.com Miami Grand Prix, and the Miami Dolphins in a multi-year agreement. The company also expanded its global partnership with AEG, covering more than 40 assets across venues, festivals, touring, ticketing, and sports. Furthermore, American Express announced the election of Randal K. Quarles and Noel Wallace to its Board of Directors, expanding the board to 14 members. These developments reflect American Express’s ongoing strategic initiatives and partnerships.
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