American Express’s Chenault Sells $14.1 Million of Firm’s Stock

American Express Co. (AXP) Chief Executive Officer Kenneth I. Chenault sold $14.1 million of the company’s stock today, according to a regulatory filing.

Chenault, who has served as chairman and CEO since 2001, sold 263,386 shares at prices between $53.09 and $53.76, according to the filing. He also exercised options and disposed of shares for tax purposes, the document shows. Chenault, 60, still holds about $50 million of the New York-based company’s stock, directly and indirectly, the filing shows.

American Express has advanced 14 percent this year, closing at $53.76 in New York today, after climbing for three straight years.

To contact the reporter on this story: David Scheer in New York at dscheer@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net