AIG (NYSE: AIG) director awarded 2,441 deferred stock units as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN INTERNATIONAL GROUP, INC. director James Cole Jr. received an award of 2,441 deferred stock units (DSUs) as non-employee director compensation. The DSUs convert into AIG common stock on a 1-to-1 basis when his board service ends, and his total DSU holdings increased to 19,164.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cole James Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 2,441 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Unit — 19,164 shares (Direct, null)
Footnotes (1)
- 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. Reflects DSUs previously granted as compensation for service as a non-employee director.
Key Figures
Deferred stock units granted: 2,441 DSUs
Total DSUs after award: 19,164 DSUs
Grant price: $0.0000 per unit
+2 more
5 metrics
Deferred stock units granted
2,441 DSUs
Awarded as non-employee director compensation
Total DSUs after award
19,164 DSUs
Holdings following the reported transaction
Grant price
$0.0000 per unit
Compensation grant, not open-market purchase
Settlement ratio
1 DSU : 1 share
DSUs settle into AIG common stock
Settlement timing trigger
Month service ends
Last trading day of month board service ends
Key Terms
Deferred Stock Unit, non-employee director compensation, dividend equivalent rights
3 terms
Deferred Stock Unit financial
"These deferred stock units ("DSUs") were awarded as non-employee director compensation."
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
non-employee director compensation financial
"These deferred stock units ("DSUs") were awarded as non-employee director compensation."
dividend equivalent rights financial
"This award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
FAQ
What did AIG director James Cole Jr. report in this Form 4 filing?
James Cole Jr., a director of AIG, reported receiving 2,441 deferred stock units as non-employee director compensation. These units are a form of equity-based pay that will eventually convert into AIG common stock under specified settlement terms.
How many AIG deferred stock units does James Cole Jr. hold after this award?
After this award, James Cole Jr. holds 19,164 deferred stock units tied to AIG common stock. This total reflects DSUs previously granted for his service as a non-employee director plus the newly awarded 2,441 units disclosed in the current Form 4.
When will James Cole Jr.’s AIG deferred stock units be settled into common stock?
The deferred stock units will be settled in AIG common stock on a 1-to-1 basis on the last trading day of the month in which his board service ends, unless he has elected to defer the vesting date further under the plan’s terms.
Do James Cole Jr.’s AIG deferred stock units include dividend equivalents?
Yes, this award includes dividend equivalent rights that accrue during the vesting period in the form of additional deferred stock units. This means DSU balances can grow over time as AIG pays dividends, increasing the eventual share settlement amount.