Squeri Stephen J

Squeri Stephen J, Chairman and CEO of American Express (AXP), has demonstrated a clear selling bias in recent insider transactions, with no open-market purchases recorded in the past two years. Since February 2024, Squeri has executed 11 sales totaling approximately $118.3 million, significantly outweighing his $70.7 million in total buy activity—the latter consisting primarily of a single $32.6 million acquisition on January 28, 2025, likely tied to equity awards. His most substantial disposals occurred on September 4, 2025, when he sold four separate blocks of AXP shares worth $12.98 million, $16.0 million, $8.05 million, and $14.78 million, followed by a $22.0 million transaction on February 1, 2026. The pattern shows concentrated selling during specific windows, particularly in early September 2025 and February 2026, with smaller but consistent disposals in February 2024 and February 2025. Transaction codes indicate these sales were predominantly open-market (Code S) or gift-related (Code G), with no recent acquisitions beyond equity awards (Code A) and option exercises (Code F). While Squeri maintains a substantial position in AXP—evidenced by his continued receipt of equity awards—the absence of discretionary buying and repeated monetization events suggests a focus on reducing exposure rather than accumulating shares. All activity remains confined to American Express, with no diversification into other securities.