AIG (AIG) EVP Jonathan Hancock converts 6,490 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN INTERNATIONAL GROUP, INC. executive Jonathan Hancock exercised 2023 Restricted Stock Units that vested on February 21, 2026, converting 6,490 RSUs into 6,490 shares of AIG common stock on a 1-to-1 basis. After this settlement, he directly owns 126,944 shares of AIG common stock.
He also continues to hold additional unvested awards, including 16,360 2026 RSUs, 6,455 2025 RSUs and 2,817 2024 RSUs, which represent potential future deliveries of AIG common stock if vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,490 shares exercised/converted
Mixed
2 txns
Insider
Hancock Jonathan
Role
EVP & CEO, Int'l Insurance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Restricted Stock Units | 6,490 | $0.00 | -- |
| Exercise | Common Stock | 6,490 | $0.00 | -- |
Holdings After Transaction:
2023 Restricted Stock Units — 0 shares (Direct);
Common Stock — 126,944 shares (Direct)
Footnotes (1)
- Represents the third and final tranche of 2023 Restricted Stock Units ("RSUs") granted on February 21, 2023 that vested on February 21, 2026. The RSUs were settled in shares of AIG common stock. The securities convert to AIG common stock on a 1-to-1 basis. Includes (i) 16,360 2026 RSUs, (ii) 6,455 2025 RSUs and (iii) 2,817 2024 RSUs.
FAQ
What insider transaction did AIG executive Jonathan Hancock report on this Form 4 for AIG?
Jonathan Hancock reported exercising 6,490 2023 Restricted Stock Units, which converted into 6,490 shares of AIG common stock. These RSUs were the third and final tranche from a 2023 grant that vested on February 21, 2026 and settled in stock.
What was the nature of the derivative transaction reported by Jonathan Hancock in AIG stock?
The transaction was an exercise or conversion of derivative securities, specifically 2023 Restricted Stock Units. These RSUs vested on February 21, 2026 and converted into AIG common stock on a 1-to-1 basis, resulting in delivery of 6,490 AIG common shares to the executive.
Does Jonathan Hancock still hold additional unvested AIG RSUs after this Form 4 transaction?
Yes. After this transaction, he still holds 16,360 2026 RSUs, 6,455 2025 RSUs and 2,817 2024 RSUs. These awards represent potential future deliveries of AIG common stock, subject to the applicable vesting conditions for each RSU grant and tranche.
Was the reported AIG Form 4 transaction an open-market purchase or sale of common stock?
No. The reported activity reflects an exercise or conversion of 2023 Restricted Stock Units into AIG common stock, not an open-market buy or sell. The RSUs vested and were settled in shares according to their original grant terms, with no market trade disclosed.