AIG (NYSE: AIG) director Peter Porrino receives deferred stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Porrino Peter R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 538 | $0.00 | -- |
| Grant/Award | Deferred Stock Unit | 325 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Unit — 53,747 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. 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
Deferred stock units granted: 325 DSUs
Additional deferred stock units: 538 DSUs
Holdings after first transaction: 54,072 DSUs
+2 more
5 metrics
Deferred stock units granted
325 DSUs
Awarded as non-employee director compensation on deferred basis
Additional deferred stock units
538 DSUs
Grant/award acquisition related to non-employee director compensation
Holdings after first transaction
54,072 DSUs
Total deferred stock units following 325-DSU award
Holdings after second transaction
53,747 DSUs
Total deferred stock units following 538-DSU award
Settlement ratio
1 DSU : 1 share
DSUs settle into AIG common stock when Board service ends
Key Terms
Deferred Stock Unit, non-employee director compensation, dividend equivalent rights, settled in shares of AIG common stock
4 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 Peter R. Porrino report in this Form 4 for AIG?
Peter R. Porrino reported receiving deferred stock units as non-employee director compensation. The filing shows separate grants of 325 and 538 DSUs, which represent equity-based awards tied to AIG common stock and related dividend equivalents on prior DSU awards.
How many deferred stock units did Peter R. Porrino acquire in this AIG Form 4?
He acquired 325 deferred stock units and 538 deferred stock units. These awards are reported as derivative securities that will ultimately be settled in AIG common stock on a one-to-one basis, subject to his service on the Board of Directors and any deferral elections.
When will Peter R. Porrino’s AIG deferred stock units be settled into common stock?
The deferred stock units are scheduled to 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 and settlement date beyond that time.
What are dividend equivalent rights on AIG deferred stock units in this filing?
Dividend equivalent rights provide additional DSUs in lieu of cash dividends. The footnotes explain that DSUs include dividend equivalent rights accruing during the vesting period, and this Form 4 reports dividend equivalents on previously granted DSUs as additional deferred stock units for Peter R. Porrino.
Are Peter R. Porrino’s AIG deferred stock units reported as direct or indirect ownership?
The deferred stock units are reported as directly owned. The transactions are coded as direct ownership, reflecting that these DSUs are held in his name as part of his non-employee director compensation rather than through an intermediary entity or indirect ownership structure.