AIG director granted deferred stock unit awards
AMERICAN INTERNATIONAL GROUP, INC. director Peter R. Porrino reported routine equity compensation in the form of deferred stock units (DSUs).
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Rhea-AI Filing Summary
AMERICAN INTERNATIONAL GROUP, INC. director Peter R. Porrino reported routine equity compensation in the form of deferred stock units (DSUs). He acquired 325 DSUs and 538 DSUs as non-employee director awards, including amounts tied to dividend equivalents on earlier grants.
The DSUs are structured to convert into 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 elects to defer that date. All DSUs accumulate additional DSUs as dividend equivalent rights during the vesting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 538 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Unit | 325 | $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 of Directors ends, unless the director has elected to defer the vesting date.
Key Figures
Key Terms
Deferred Stock Unit financial
non-employee director compensation financial
dividend equivalent rights financial
FAQ
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What did AIG director Peter R. Porrino report in this Form 4 for AIG?
How many deferred stock units did Peter R. Porrino acquire in this AIG Form 4?
When will Peter R. Porrino’s AIG deferred stock units be settled into common stock?
What are dividend equivalent rights on AIG deferred stock units in this filing?
Are Peter R. Porrino’s AIG deferred stock units reported as direct or indirect ownership?
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