What other AFG share holdings did the CFO report?

The reported direct holding was 11,123 shares on November 6, 2026. The Dividend Reinvestment Plan balance was 71.7090 shares based on a plan statement dated December 31, 2025; the retirement-plan balance was 3,955.7345 shares based on a statement dated December 31, 2025. Each retirement-plan share is the economic equivalent of one common share.

American Financial Group CFO sells 301 shares

The CFO's reported holdings also include separate direct, dividend-reinvestment-plan and retirement-plan balances.

Available on EDGAR 11/09/2026 - 04:30 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:30 PM EST

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

American Financial Group Inc. (AFG) SVP and CFO Brian S. Hertzman reported selling 301 common shares held indirectly through an employee stock purchase plan on November 6, 2026, at $155.2950 per share. The reported balance in that holding after the sale was 1,553.2091 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 301 shares

Net Sell 1 txn

Insider Hertzman Brian S.

Role SVP, CFO

Sold 301 shs ($47K)

Share of Position Sold 16.2%

Type	Security	Shares	Price	Value
Sale	Common Stock	301	$155.295	$47K
Holding	Common Stock ^F1	--	--	--
Holding	Common Stock ^F2	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,553.2091 shares (Indirect, ESPP); Common Stock — 71.709 shares (Indirect, DRIP); Common Stock — 3,955.7345 shares (Indirect, RASP 401(k)); Common Stock — 11,123 shares (Direct)

Holdings Before and After: Common Stock, 1,854.2091 to 1,553.2091 shares (Indirect, ESPP)

Footnotes (2)

F1. Represents shares held in the Company's Dividend Reinvestment Plan based on plan statement dated as of 12/31/2025.
F2. 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.

Key Figures

Common shares sold: 301 shares Sale price: $155.2950 per share Post-sale balance: 1,553.2091 shares +3 more

6 metrics

Common shares sold 301 shares Indirect employee stock purchase plan holding; November 6, 2026

Sale price $155.2950 per share November 6, 2026

Post-sale balance 1,553.2091 shares Indirect employee stock purchase plan holding; November 6, 2026

Direct holding 11,123 shares November 6, 2026

Dividend Reinvestment Plan balance 71.7090 shares Based on a plan statement dated December 31, 2025

Retirement-plan balance 3,955.7345 shares Based on a statement dated December 31, 2025

Key Terms

Dividend Reinvestment Plan, economic equivalent, at the option of the Issuer

3 terms

Dividend Reinvestment Plan financial

"shares held in the Company's Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

economic equivalent financial

"Each share is the economic equivalent of one share of common stock"

at the option of the Issuer financial

"may be distributed, at the option of the Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many AFG shares did the CFO sell, and at what price?

Brian S. Hertzman, American Financial Group's SVP and CFO, reported selling 301 common shares held indirectly through an employee stock purchase plan on November 6, 2026, at $155.2950 per share. The reported balance in that holding afterward was 1,553.2091 shares.

How can AFG retirement-plan balances be distributed?

Upon termination of employment, or earlier if so elected, Brian S. Hertzman's retirement-plan account balance may be distributed at American Financial Group's option in cash or in shares of the company's common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hertzman Brian S.

(Last)

(First)

(Middle)

301 EAST FOURTH STREET

(Street)

CINCINNATI

OHIO

45202

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/06/2026		S		301	D	$155.295	1,553.2091	I	ESPP
Common Stock								71.709⁽¹⁾	I	DRIP
Common Stock								3,955.7345⁽²⁾	I	RASP 401(k)
Common Stock								11,123	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares held in the Company's Dividend Reinvestment Plan based on plan statement dated as of 12/31/2025.

2. 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.

	Brian S. Hertzman By: Joseph C. Alter, as Attorney-in-Fact	11/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR