AFG officer may sell 950 shares worth $135K

American Financial Group, Inc. (AFG) received a Rule 144 notice relating to potential sales of its common stock by officer Brian S. Hertzman.

Rhea-AI Filing Summary

American Financial Group, Inc. (AFG) received a Rule 144 notice relating to potential sales of its common stock by officer Brian S. Hertzman. The notice covers up to 950 shares of common stock, held at Charles Schwab & Co., with an aggregate market value of $135,422.50 and based on 82,921,466 shares outstanding. The proposed sale date is listed as September 1, 2026. The shares originate from reinvested dividends spanning 2018 to 2023 and are also associated with executive compensation. This filing does not involve the company issuing new shares; it relates to a potential resale of existing shares by an insider under Rule 144.

Key Figures

Shares to be sold: 950 shares of Common Stock Aggregate market value: $135,422.50 Shares outstanding: 82,921,466 shares +2 more

5 metrics

Shares to be sold 950 shares of Common Stock Maximum amount covered by Rule 144 notice

Aggregate market value $135,422.50 Value of 950 shares of AFG common stock in the notice

Shares outstanding 82,921,466 shares AFG common shares outstanding referenced in the filing

Proposed sale date 09/01/2026 Date listed for potential sale of shares

Dividend reinvestment period 2018 to 2023 Period over which dividends were reinvested into these shares

Key Terms

Rule 144, reinvested dividends, Executive Compensation, Attorney-in-Fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

reinvested dividends financial

"Shares represent reinvested dividends spanning 2018 to 2023."

Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.

Executive Compensation financial

"02/28/2023 | Executive Compensation"

Payments and benefits given to a company's top leaders — including base salary, cash bonuses, stock awards, options and retirement or perquisites — designed to compensate and motivate them. Investors care because these packages affect a company’s costs, influence executives’ decisions and signal how well management’s interests line up with shareholders’; like a captain’s contract, the structure of pay can encourage safe navigation toward long-term gains or risky short-term moves that hurt returns.

Attorney-in-Fact regulatory

"Signature | Brian S. Hertzman By: Joseph C. Alter, as Attorney-in-Fact"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for AFG?

The filing discloses that officer Brian S. Hertzman may sell up to 950 shares of American Financial Group, Inc. common stock under Rule 144, with an aggregate market value of $135,422.50, held at Charles Schwab & Co.

How many AFG shares are covered by this Rule 144 notice?

The notice covers 950 shares of American Financial Group, Inc. common stock. These shares are to be sold through Charles Schwab & Co. and are linked to reinvested dividends and executive compensation.

What is the aggregate market value of the AFG shares in this Form 144?

The aggregate market value of the shares covered by the notice is $135,422.50. This amount reflects the market value of the 950 shares of American Financial Group, Inc. common stock referenced in the filing.

What is American Financial Group, Inc.'s shares outstanding figure mentioned?

The filing states that American Financial Group, Inc. has 82,921,466 shares outstanding of common stock. This figure is used in the Rule 144 context and does not represent new shares being issued.

When is the proposed sale date for the AFG shares under this Form 144?

The proposed sale date listed is September 1, 2026 for the 950 shares of American Financial Group, Inc. common stock referenced in the Rule 144 notice.

How were the AFG shares in this filing originally acquired?

The filing notes that the 950 shares represent reinvested dividends spanning 2018 to 2023 and are also associated with executive compensation from American Financial Group, Inc.

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

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Available on EDGAR 09/01/2026 - 11:15 AM Accepted by SEC EDGAR 09/01/2026 - 11:14 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001816887
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	American Financial Group, Inc.
SEC File Number	001-13653
Address of Issuer	301 East Fourth Street Cincinnati OHIO 45202
Phone	513-579-2121
Name of Person for Whose Account the Securities are To Be Sold	Brian S. Hertzman
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Charles Schwab & Co., Inc. 211 Main Street San Francisco CA 94105	950	135422.50	82921466	09/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	02/28/2023	Reinvested Dividends	Issuer			950	02/28/2023	Executive Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	Shares represent reinvested dividends spanning 2018 to 2023.
Date of Notice	09/01/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Brian S. Hertzman By: Joseph C. Alter, as Attorney-in-Fact
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)