AFG (NYSE: AFG) SVP receives 3,012-share restricted stock grant

Rhea-AI Filing Summary

Gillis Michelle A reported acquisition or exercise transactions in this Form 4 filing.

American Financial Group senior vice president Michelle A. Gillis received a grant of 3,012 shares of common stock on February 26, 2026. The award is structured as restricted stock that vests four years from the grant date.

After this grant, she directly holds 15,382 common shares. The filing also lists additional indirect holdings, including shares held in the MAG Trust, the JSG Trust, and through the company’s Employee Stock Purchase Plan and related dividend reinvestment program as of December 31, 2024.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Gillis Michelle A

Role Senior Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,012	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 15,382 shares (Direct); Common Stock — 29,790.074 shares (Indirect, Indirect #1)

Footnotes (1)

1. Indirect #1: MAG Trust U/A 10/3/23 Indirect #2: JSG Trust U/A 10/3/23 Shares owned by the reporting Person in the Issuer's Employee Stock Purchase Plan (the "ESPP"). All ESPP information reporting herein is based on a plan statement dated as of 12/31/2024. Represents ESPP DRIP shares held by reporting person as of 12/31/2024. Represents grant of restricted stock that vests four years from the date of grant.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Gillis Michelle A

(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)

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

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		3,012(5)	A	$0	15,382	D
Common Stock								29,790.074	I	Indirect #1(1)
Common Stock								11,454	I	Indirect #2(2)
Common Stock								3,249.7158(3)	I	ESPP
Common Stock								11.0597(4)	I	ESPP DRIP

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. Indirect #1: MAG Trust U/A 10/3/23

2. Indirect #2: JSG Trust U/A 10/3/23

3. Shares owned by the reporting Person in the Issuer's Employee Stock Purchase Plan (the "ESPP"). All ESPP information reporting herein is based on a plan statement dated as of 12/31/2024.

4. Represents ESPP DRIP shares held by reporting person as of 12/31/2024.

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

	Michelle A. Gillis 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 report for Michelle A. Gillis?

AFG reported that senior vice president Michelle A. Gillis received a grant of 3,012 shares of common stock. The shares were issued as restricted stock and will vest four years from the February 26, 2026 grant date, increasing her direct ownership stake.

How many AFG shares does Michelle A. Gillis directly own after this Form 4?

After the reported grant, Michelle A. Gillis directly owns 15,382 shares of American Financial Group common stock. This reflects the addition of 3,012 restricted shares awarded on February 26, 2026, which are subject to a four-year vesting schedule from the grant date.

What are the terms of Michelle A. Gillis’s AFG restricted stock grant?

The grant to Michelle A. Gillis consists of 3,012 shares of American Financial Group common stock at no purchase price. According to the filing footnote, these shares are restricted stock that will fully vest four years after the February 26, 2026 grant date.

Does the AFG Form 4 show any stock sales by Michelle A. Gillis?

The Form 4 does not report any stock sales by Michelle A. Gillis. It records an acquisition of 3,012 restricted shares and updates her direct and indirect holdings, including trust and employee stock purchase plan positions, with no dispose transactions listed in the summary.

What indirect AFG share holdings are reported for Michelle A. Gillis?

The filing lists indirect holdings in the MAG Trust, the JSG Trust, and shares held through AFG’s Employee Stock Purchase Plan and related DRIP as of December 31, 2024. These positions supplement her direct holdings but are reported separately as indirect ownership categories.

How is the AFG Employee Stock Purchase Plan referenced in this Form 4?

The Form 4 notes that certain shares are owned by the reporting person in American Financial Group’s Employee Stock Purchase Plan. All ESPP information is based on a plan statement dated as of December 31, 2024, and includes a separate line for ESPP DRIP shares.