AFG (AFG) director receives grant of 3,389 restricted shares via trusts

Rhea-AI Filing Summary

American Financial Group director Stephen Craig Lindner Jr reported an acquisition of restricted stock through indirect holdings. On February 26, 2026, entities associated with him received a grant of 3,389 shares of common stock at $0.0000 per share, described as restricted stock that vests four years from the grant date.

After this grant, one indirect holding shows 329,163 common shares, held in trusts for which he has voting and dispositive power. Additional indirect holdings include 53,620 shares, 10,327 shares held by his spouse, and 4,212.01 share-equivalents in a retirement plan, each economically equivalent to one common share.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lindner Stephen Craig Jr

(Last) (First) (Middle)

301 EAST FOURTH STREET

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN FINANCIAL GROUP INC [ AFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		A		3,389(1)	A	$0	329,163	I	By Indirect #1(2)
Common Stock								53,620	I	By Indirect(3)
Common Stock								10,327	I	By Spouse
Common Stock								4,212.01	I	By RASP(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents grant of restricted stock that vests four years from the date of grant.

2. Held in trusts for which reporting person has voting and dispositive power.

3. Held for the benefit of reporting person's children.

4. Represents amounts held by the Reporting Person in the Issuer's retirement plan based on a statement dated 12/31/2025. Each share is the economic equivalent of one share of common stock. Upon termination of employment or earlier, if so elected, the Reporting Person's account balances may be distributed, at the option of the Issuer, either in cash or in shares of the Issuer's common stock.

	S. Craig Lindner, Jr. By: Joseph C. Alter, as Attorney-in-Fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did AFG director Stephen Craig Lindner Jr report?

Stephen Craig Lindner Jr reported receiving a grant of 3,389 restricted shares of American Financial Group common stock. The award was recorded as an indirect acquisition and is classified as a grant or award rather than an open-market purchase or sale.

When do Stephen Craig Lindner Jr’s newly granted AFG restricted shares vest?

The 3,389 restricted shares granted to Stephen Craig Lindner Jr vest four years from the grant date. This means the award becomes fully earned only after that four-year period, subject to the underlying plan’s conditions and any continued service requirements.

How many AFG shares are held indirectly by Stephen Craig Lindner Jr after this filing?

One indirect account related to Stephen Craig Lindner Jr holds 329,163 American Financial Group common shares after the grant. These shares are held in trusts where he has voting and dispositive power, according to the disclosure’s accompanying footnote language.

How are some of Stephen Craig Lindner Jr’s AFG shares held and controlled?

Certain AFG shares are held in trusts where Stephen Craig Lindner Jr has voting and dispositive power, and others are held for the benefit of his children or by his spouse. These arrangements are disclosed as indirect ownership interests in the filing’s footnotes.

What AFG holdings does Stephen Craig Lindner Jr have through the retirement plan?

Stephen Craig Lindner Jr has 4,212.01 share-equivalents in American Financial Group’s retirement plan, based on a statement dated December 31, 2025. Each unit is economically equivalent to one common share and may be distributed in cash or stock upon termination or earlier if elected.

Does the Form 4 show any open-market buying or selling of AFG stock?

The Form 4 reports a grant of 3,389 restricted shares to Stephen Craig Lindner Jr, not an open-market trade. Other entries reflect existing indirect and retirement-plan holdings, without classifying them as traditional market purchases or sales of American Financial Group stock.