AmEx CEO Sells $7.5 Million in Stock

American Express Co (AXP) Chief Executive Kenneth Chenault sold more than $7.5 mln of his company’s shares, as the credit card lender said it will now pay him largely in restricted stock units instead of cash. Chenault sold 170K of his American Express shares on Thursday for between $7.54 mln and $7.61 mln “as part of his ongoing financial planning and in light of the change in compensation mix,” the co. said. – Reuters

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