AIG director granted additional deferred stock units
AMERICAN INTERNATIONAL GROUP, INC. director Peter R. Porrino reported awards of deferred stock units as part of his non-employee director compensation.
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Rhea-AI Filing Summary
AMERICAN INTERNATIONAL GROUP, INC. director Peter R. Porrino reported awards of deferred stock units as part of his non-employee director compensation. He received 545 deferred stock units (DSUs) that will convert into the same number of AIG common shares on a 1-to-1 basis when his board service ends.
The filing also records 299 additional DSUs credited as dividend equivalents on previously granted DSUs, increasing his deferred stock unit balance to 50,768 units following these accruals. All DSUs are scheduled to be settled in AIG common stock on the last trading day of the month in which his board service ends, unless he elects to defer that date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 545 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Unit | 299 | $0.00 | $0.00 |
Footnotes (3)
- F1. These deferred stock units ("DSUs") were awarded as non-employee director compensation. The DSUs will be settled in shares of AIG common stock on a 1-to-1 basis on the last trading day of the month in which the director's service on the Board of Directors ends, unless the director has elected to defer the vesting date. This award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs.
- F2. Reflects DSUs previously granted as compensation for service as a non-employee director.
- F3. This form reports the accrual of dividend equivalents on DSUs previously granted to the reporting person as non-employee director compensation in the form of additional DSUs. All DSUs will be settled in shares of AIG common stock on a 1-to-1 basis on the last trading day of the month in which the director's service on the Board ends, unless the director has elected to defer the vesting date.
Key Figures
Key Terms
Deferred Stock Unit financial
dividend equivalent rights financial
non-employee director compensation financial
FAQ
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What did AIG (AIG) director Peter R. Porrino report on this Form 4?
How many new deferred stock units did AIG director Porrino receive?
When will Peter R. Porrino’s AIG deferred stock units be settled?
What are dividend equivalent rights on AIG deferred stock units?
How many deferred stock units does AIG director Porrino hold after these transactions?
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