AIG awards 2,387 deferred stock units to director
American International Group reported that non-employee director Thomas D. Stoddard received a grant of 2,387 deferred stock units as part of his director compensation.
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Form Type
4
Rhea-AI Filing Summary
American International Group reported that non-employee director Thomas D. Stoddard received a grant of 2,387 deferred stock units as part of his director compensation. These units convert into AIG common stock on a 1-to-1 basis when his Board service ends, unless he elects a different deferral date. The award also carries dividend equivalent rights, which accrue as additional deferred stock units over the vesting period. Following this grant, Stoddard holds 2,387 deferred stock units directly.
Insider Trade Summary
Grant/Award: 2,387 shares
Grant/Award
1 txn
Insider
Stoddard Thomas D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 2,387 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Unit — 2,387 contracts (Direct)
Footnotes (1)
- 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.
Key Figures
Deferred stock units granted: 2,387 units
Underlying common stock: 2,387 shares
Grant price per unit: $0.00 per unit
+1 more
4 metrics
Deferred stock units granted
2,387 units
Non-employee director compensation grant to Thomas D. Stoddard
Underlying common stock
2,387 shares
1-to-1 conversion of DSUs into AIG common stock
Grant price per unit
$0.00 per unit
Equity compensation grant, not an open-market purchase
Total DSUs after grant
2,387 units
Direct holdings following the reported transaction
Key Terms
Deferred Stock Unit, non-employee director compensation, dividend equivalent rights, vesting period
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.
vesting period financial
"This award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs."
A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AIG director Thomas D. Stoddard receive in this Form 4 filing for AIG?
Thomas D. Stoddard received a grant of 2,387 deferred stock units as non-employee director compensation. These units will convert into AIG common shares on a 1-to-1 basis when his Board service ends, unless he elects to defer that date further.
How many AIG deferred stock units were granted to Thomas D. Stoddard?
Thomas D. Stoddard was granted 2,387 deferred stock units tied to AIG common stock. This entire amount represents a new compensation award and equals 2,387 underlying AIG common shares on a 1-to-1 conversion basis upon settlement.
Do Thomas D. Stoddard’s AIG deferred stock units include dividend rights?
Yes. The award includes dividend equivalent rights that accrue as additional deferred stock units. Whenever dividends are paid on AIG common stock during the vesting period, corresponding dividend equivalents are credited in the form of more deferred stock units.
Is this AIG Form 4 transaction an open-market buy or a compensation award?
This transaction is a compensation award, not an open-market purchase. The 2,387 deferred stock units were granted to Thomas D. Stoddard as non-employee director compensation at a price of $0.00 per unit, reflecting equity-based pay rather than a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
