By Jesse Neo, PhDMay 28th, 2024
John Joseph Brennan works as the Chairman for Vanguard Chester Funds, the University of Notre Dame, and Vanguard Charitable Endowment Program. He also serves as the Lead Independent Director at American Express Co., Independent Director at The Guardian Life Insurance Company of America, and Director at Rockefeller Capital Management LP.
He used to be the boss at The Vanguard Group, Inc. from 1982 to 2009. Then, he was in charge at Financial Industry Regulatory Authority, Inc. from 2016 to 2017. He also took on the role of top director at GE Aerospace from 2015 to 2018. Moreover, he served as a director at The Hanover Insurance Group, Inc. from 2010 to 2013 and at LPL Financial Holdings, Inc. from 2010 to 2017. He was also a Trustee at King Abdullah University of Science & Technology.
He also worked as a Director at United Way of Greater Philadelphia & Southern New Jersey and served as a Trustee at the Financial Accounting Foundation from 2009 to 2014.
Mr. Brennan graduated from Dartmouth College in 1976 and later earned his MBA from Harvard Business School.
John J. Brennan is anÂIndependent DirectorÂof the Company
Mr. Brennan holds key roles at The Vanguard Group, Inc., a worldwide investment management company. He has served as CEO, CFO, and Chairman at Vanguard. Additionally, he has held leadership positions at FINRA and the Financial Accounting Foundation. Mr. Brennan serves as Chairman for various organizations including the University of Notre Dame and the Vanguard Charitable Endowment Program. He is also a founding trustee of King Abdullah University of Science and Technology.
Mr. Brennan AXP stock SEC Form 4 insiders trading
According to documents filed with the SEC, John has traded American Express Co stock more than 16 times since 2011. His most recent trade was buying 10,000 units of AXP stock valued at $258,000 on July 24, 2017.
The biggest trade he's ever made was buying 20,000 shares of American Express Co stock on August 2, 2012, valued at more than $408,800. On average, John trades about 586 shares every 19 days since 2010. As of July 24, 2017, he still owns at least 35,000 shares of American Express Co stock.
How much does John Brennan earn?
As a member of the Board of Directors at American Express Co, John Brennan's total pay is $369,045. There are 15 higher-paid executives at American Express Co, with Stephen Squeri earning the most at $23,796,000.
How old is John Brennan?
John Brennan, who is 65 years old, has been an Independent Director at American Express Co since 2017. There are 6 executives who are older and 25 executives who are younger at American Express Co. The oldest executive at American Express Co is Ronald Williams, who is 70 years old and serves as the Lead Independent Director.
Insiders trading at American Express Co
Over the last 21 years,Âinsiders at American Express CoÂhave traded over $670,105,114 worth of American Express Co stock and bought 213,005 units worth $12,895,244 . The most active insiders traders includeÂJr Charles E Phillips,ÂJames M Cracchiolo, andÂKenneth I Chenault. On average, American Express Co executives and independent directors trade stock every 26 days with the average trade being worth of $18,287,997. The most recent stock trade was executed byÂRafael MarquezÂon 29 February 2024, trading 7,900 units of AXP stock currently worth $1,730,732
What does American Express Co do?
American Express is a big company in the USA that focuses on payment cards. It is based in New York City and is one of the top companies globally and a part of the Dow Jones Industrial Average.
How much is John Brennan worth?
The estimated Net Worth of John Joseph Brennan is at least $7.99 Million dollars as of 24 July 2017. Mr. Brennan has more than 10,000 units of American Express Co stock valued over $7,617,750. Over the last 13 years, he has sold AXP stock worth over $0. Besides, he earns $369,045 as an Independent Director at American Express Co.
Career
Brennan started working in 1976 at New York Bank for Savings. He got his MBA and then worked at S.C. Johnson & Son in 1980, before joining Vanguard in 1982 [1]. Brennan became President of Vanguard on May 17, 1989. His role as President prepared him to become the CEO after John Bogle, the company's founder [2].
Brennan became the CEO of Vanguard in 1996, and then became the Chairman of the company in 1998. He held both positions until he retired from them in 2009.
Big things done during Brennan's time as manager include:
Expanding globally. Vanguard started doing business in Australia, Europe, Japan, Latin America, Canada, and Singapore.
About Vanguard's Expansion.
The development of target retirement funds.
The development of exchange-traded funds and cheaper admiral shares for mutual funds.
The introduction of Vanguard's charity program, called the Vanguard Charitable Endowment Program.
Since 2017, Brennan is the Chairman of the Vanguard Charitable board of trustees [5]
Post Vanguard positions
After stepping down as CEO and Chairman of Vanguard, Brennan has been on the board and as a trustee for many organizations and companies.[6]
Brennan joined the Financial Accounting Foundation (FAF) Board of Trustees in 2009. He was the FAF chairman from February 2009 to October 2012. In this role, he was in charge of overseeing the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
Brennan became the head governor of the Financial Industry Regulatory Authority (FINRA) in 2011, and was the FINRA Chairman from August 2016 to July 2017.
Brennan has also been on the board of the Hanover Insurance Group.
Since 2017, Brennan has been on the board of directors at General Electric, LPL Financial Holdings Inc., and American Express. Brennan is also a director at the Guardian Life Insurance Company of America.
Brennan is also the Chair of the University of Notre Dame Board of Trustees.
