Family trusts for American Financial (NYSE: AFG) get 4,706 restricted shares

Rhea-AI Filing Summary

Thompson David Lawrence Jr reported acquisition or exercise transactions in this Form 4 filing.

American Financial Group director and subsidiary president David Lawrence Thompson Jr. reported an indirect grant of 4,706 shares of restricted common stock on February 26, 2026. The award carries a price of $0.00 per share and, according to the footnotes, vests four years from the grant date.

The shares are held in trusts for the benefit of members of Thompson’s family, where he or his spouse serves as trustee and has voting and dispositive power, while disclaiming beneficial ownership except for his family’s pecuniary interest. Following the grant, trusts associated with him hold 594,947.586 shares of common stock, and additional indirect holdings include 357,044 shares in other family trusts and 29,750.258 shares held as custodian for minor children.

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

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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^*

Thompson David Lawrence 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
X	Officer (give title below)		Other (specify below)
	President of Subsidiary

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		4,706(1)	A	$0	594,947.586(2)	I	By Trusts(3)
Common Stock								357,044	I	By Trusts(4)
Common Stock								29,750.258(2)	I	As Custodian for minor children

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. Total shares reported includes dividend shares held as of December 22, 2025.

3. Held in trusts for the benefit of members of the reporting person's family where reporting person or his spouse serve as trustee.

4. Held in trusts for which reporting person has voting and dispositive power. Reporting person disclaims beneficial ownership of shares held by such trusts except to the extent of the pecuniary interest held by his family.

	David L. Thompson, 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 David Thompson Jr. report?

He reported an indirect grant of 4,706 shares of restricted American Financial Group common stock. The award was recorded at $0.00 per share and represents a grant, not an open-market purchase, increasing family trust holdings associated with him.

How does the restricted stock grant for AFG’s David Thompson Jr. vest?

The 4,706-share restricted stock grant is scheduled to vest four years from the grant date. This means the shares become fully owned over time, aligning the family’s economic interest with American Financial Group’s long-term performance.

How many AFG shares do family trusts associated with David Thompson Jr. hold?

After the reported grant, family trusts associated with him hold 594,947.586 American Financial Group common shares. Footnotes state these totals include dividend shares held as of December 22, 2025, and that he disclaims beneficial ownership beyond his family’s pecuniary interest.

How are David Thompson Jr.’s AFG shares held according to the Form 4?

The Form 4 shows shares held indirectly through family trusts and as custodian for minor children. Trusts hold 594,947.586 and 357,044 shares, while 29,750.258 shares are held as custodian, reflecting family-related ownership structures rather than direct personal holdings.

What does the Form 4 say about Thompson’s beneficial ownership in AFG shares?

It explains that he has voting and dispositive power over certain trust-held shares but disclaims beneficial ownership, except for his family’s pecuniary interest. This clarifies that economic benefits are shared within family structures, even though he helps oversee the trusts’ holdings.