5 Insiders are Selling Shares of This Top Credit Card Company

Following are recent insider trades in American Express Company (NYSE:AXP):

  • Kenneth Chenault, who is the Chief Executive Officer, sold 170,000 shares at a market price of $44.56 on January 7th, for proceeds of $7,575,268.  He now holds 798,894 shares, or less than 0.1% of the 1,200,000,000 shares outstanding.
  • L Kevin Cox, who is Executive Vice President, Human Resources, exercised 25,434 options at a price of $16.71 per option on February 18th and subsequently sold 22,573 shares at a market price of $45.31 on February 18th, for net proceeds of $597,803.  He now holds 100,829 shares, or less than 0.1% of the 1,200,000 shares outstanding.
  • Edward P Gilligan, who is Vice Chairman, exercised 205,632 options at a price of $38.92 per option on January 31st, and subsequently sold 205,632 shares at a market price of $43.65 on January 31st, for net proceeds of $972,454.  He now hold 238,502 shares, or less than 0.1% of the 1,200,000,000 shares outstanding.
  • Jan Leschly, who is a Director, exercised 3,427 options on at a price of $35.57 per option on January 26th, and subsequently sold 3,427 shares at a market price of $44.84 on January 26th, for net proceeds of $31,787.  He now holds 155,559 shares, or less than 0.1% of the 1,200,000,000 shares outstanding.
  • Thomas A Schick, who is Executive Vice President, Corporate Affairs, exercised 170,218 options on February 8th, at a price of $29.24 per option and subsequently sold 170,218 shares at a market price of $45.08 on February 8th, for net proceeds of $2.696,134.  He now holds 82,595 shares, or less than 0.1% of the 1,200,000,000 shares outstanding.

About the company: American Express Company (NYSE:AXP) is a global payment and travel company.  The Company’s principal products and services are charge and crdit payment card products and travel-related services offered to consumers and businesses around the world. Competitors to American Express include, Visa (NYSE:V), Mastercard (NYSE:MA), Discover Financial (NYSE:DFS), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), JP Morgan (NYSE:JPM), Capital One (NYSE:COF) and Bank of America (NYSE:BAC).

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