[Form 4] AMERICAN INTERNATIONAL GROUP, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peter R. Porrino, a non-employee director of American International Group, Inc. (AIG), received awards of deferred stock units (DSUs) as director compensation. The filing reports the grant of 517 DSUs and an additional 267 DSUs that represent dividend equivalent rights; these DSUs convert on a 1-for-1 basis into common shares when director service ends (or at a deferred vesting date if elected). After these awards, the reporting person’s aggregate DSU-based beneficial ownership is shown as 49,184 shares, held directly. The DSUs were granted under AIG’s omnibus incentive plans and include dividend-equivalent accruals during the vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Porrino Peter R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 517 | $0.00 | -- |
| Grant/Award | Deferred Stock Unit | 267 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Unit — 48,917 shares (Direct)
Footnotes (1)
- These deferred stock units ("DSUs") were awarded pursuant to the American International Group, Inc. ("AIG") 2021 Omnibus Incentive Plan (the "2021 Plan") in connection with the reporting person's annual compensation for service as a non-employee director. Under such plan and the related award agreements, these 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 pursuant to the AIG 2013 Omnibus Incentive Plan ("2013 Plan") and the 2021 Plan. This award represents dividend equivalent rights in the form of DSUs that are related to the DSUs previously awarded to the reporting person under the 2013 Plan and the 2021 Plan as compensation for service as a non-employee director. Under such plans and the related award agreements, these DSUs -- along with the underlying previously awarded 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.