AIG (NYSE: AIG) Executive Chairman awarded 6,241 RSU dividend equivalents in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zaffino Peter reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN INTERNATIONAL GROUP, INC. Executive Chairman Peter Zaffino reported an automatic compensation-related accrual on his existing equity awards. He received 6,241 November 2022 RSUs dividend equivalents, reflecting reinvested dividends on his November 10, 2022 restricted stock units. After this grant, his reported RSU balance tied to this award is 76,111 units. According to the disclosure, these additional RSUs will vest on November 10, 2027 and will settle in cash rather than shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zaffino Peter
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | November 2022 RSUs Dividend Equivalents | 6,241 | $0.00 | -- |
Holdings After Transaction:
November 2022 RSUs Dividend Equivalents — 76,111 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU dividend equivalents granted: 6,241 units
RSUs after transaction: 76,111 units
Grant price per RSU: $0.00 per unit
+1 more
4 metrics
RSU dividend equivalents granted
6,241 units
November 2022 RSUs dividend equivalents granted on June 29, 2026
RSUs after transaction
76,111 units
Total reported RSUs following the June 29, 2026 grant
Grant price per RSU
$0.00 per unit
Stated transaction price for the 6,241 RSU dividend equivalents
Vesting date
November 10, 2027
Vesting date for the additional dividend-equivalent RSUs
Key Terms
dividend equivalents, restricted stock units ("RSUs"), settle in cash
3 terms
dividend equivalents financial
"This form reports the accrual of dividend equivalents on Mr. Zaffino's November 10, 2022 restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock units ("RSUs") financial
"This form reports the accrual of dividend equivalents on Mr. Zaffino's November 10, 2022 restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
settle in cash financial
"additional RSUs which will vest on November 10, 2027 and settle in cash"
FAQ
What did AIG Executive Chairman Peter Zaffino report on this Form 4 for AIG?
Peter Zaffino reported an automatic accrual of 6,241 dividend-equivalent restricted stock units. These units relate to his November 10, 2022 RSU grant and represent additional compensation tied to dividends, not an open-market stock purchase or sale.
How many RSU dividend equivalents did Peter Zaffino receive from AIG?
He received 6,241 November 2022 RSUs dividend equivalents. These units were granted at a stated price of $0.00 per unit and increase the number of RSUs associated with his 2022 restricted stock award under AIG’s compensation programs.
What is Peter Zaffino’s RSU balance after this AIG transaction?
Following the grant, Peter Zaffino’s total reported balance for this RSU award is 76,111 units. This figure reflects the original November 10, 2022 restricted stock units plus the new 6,241 dividend-equivalent RSUs disclosed in this Form 4 filing.
When will Peter Zaffino’s new AIG RSU dividend equivalents vest and settle?
The additional RSU dividend equivalents will vest on November 10, 2027. Upon vesting, they will settle in cash rather than AIG common stock, as specified in the disclosure footnote describing the terms of this compensation-related grant.
Is this AIG Form 4 transaction routine executive compensation?
Yes, the filing describes an accrual of dividend equivalents on existing restricted stock units. These 6,241 additional RSUs arise from dividend-equivalent rights on a prior November 10, 2022 award, making the event routine, compensation-related rather than a discretionary stock trade.