AIG Insider Gift: CEO Peter Zaffino Donates 31,760 Shares
Rhea-AI Filing Summary
Peter Zaffino, Chairman & CEO and Director of American International Group, Inc. (AIG), reported a gift of 31,760 shares on 08/18/2025. The Form 4 shows the transaction coded as "G" with a price of $0.0000, and the filing states the shares were donated to a charitable fund. After the reported disposition, Mr. Zaffino beneficially owns 609,206 shares. The Form 4 was signed by Christina Banthin by power of attorney on 08/19/2025.
Positive
- Transparent disclosure of insider gift and post-transaction holdings in a timely Form 4 filing
- Charitable donation (non-sale disposition) indicates the shares were transferred for philanthropic purposes
Negative
- Reduction in beneficial ownership of 31,760 shares for the reporting person
- No market-sale price provided (price reported as $0.0000), so cash proceeds and tax implications are not disclosed in this filing
Insights
TL;DR: Insider donated 31,760 AIG shares, reducing beneficial ownership to 609,206; transaction appears non-sale and non-cash.
The Form 4 records a Section 16 report of a "G"-coded transaction, indicating a transfer as a gift to a charitable fund rather than a market sale. The donation size is explicitly stated as 31,760 shares and the post-transaction beneficial ownership is 609,206 shares. From an ownership-structure perspective, this is a straightforward non-cash disposition that reduces the reporting person’s stake by a quantifiable amount; the filing contains no other transactions or derivative positions.
TL;DR: Filing shows timely disclosure and use of POA signature; transaction is a charitable donation, not an indicated change in corporate control.
The report identifies Peter Zaffino as both Chairman & CEO and a Director and shows the Form 4 was executed by an agent under power of attorney. The transaction code and explanatory note explicitly state the shares were donated to charity. There are no indications of related-party transactions, derivative exercises, or amendments. This disclosure meets routine Section 16 reporting expectations and raises no immediate governance red flags based on the provided information.