[Form 4] American International Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

American International Group (AIG) filed a Form 4 indicating that non-employee director Courtney Leimkuhler acquired 17 deferred stock units (DSUs) on 07/01/2025. The DSUs represent dividend-equivalent rights attached to previously awarded DSUs under AIG’s 2021 Omnibus Incentive Plan and will convert to AIG common stock on a 1-for-1 basis when board service ends, unless a deferral election is made.

After the transaction, Leimkuhler beneficially owns 2,289 DSUs. The acquisition was coded “A” (award) rather than an open-market purchase and involved no cash consideration. Given the small size relative to AIG’s share count, the filing is viewed as a routine alignment of director compensation with shareholder interests rather than a signal of material corporate developments.

Insights

Securities Analyst

TL;DR: Routine dividend-equivalent DSU award; negligible size; neutral investor impact.

The Form 4 documents a standard, plan-based equity accrual for a board member. The 17 DSUs (≈US$1,000 at recent prices) are immaterial versus AIG’s ~718 million shares outstanding. No market purchase was made, and there is no indication of insider sentiment change. The update does, however, reaffirm that director compensation remains equity-linked, modestly aligning incentives with shareholders. Overall, the disclosure carries no valuation or liquidity implications and should be considered non-impactful for investment theses.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MILLS LINDA A

(Last) (First) (Middle)

C/O AMERICAN INTERNATIONAL GROUP, INC.

1271 AVE OF THE AMERICAS

(Street)

NEW YORK NY 10020-1304

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN INTERNATIONAL GROUP, INC. [ AIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Unit	(1)	07/01/2025		A		451(1)		(1)	(1)	Common Stock	451	(1)	42,501(2)	D
Deferred Stock Unit	(3)	07/01/2025		A		222(3)		(3)	(3)	Common Stock	222	(3)	42,723(2)	D

Explanation of Responses:

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.

2. Reflects DSUs previously granted pursuant to the AIG 2013 Omnibus Incentive Plan ("2013 Plan") and the 2021 Plan.

3. 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.

	/s/ Christina Banthin, by POA from Linda A. Mills	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AIG disclose in the July 1, 2025 Form 4 filing?

The company reported that director Courtney Leimkuhler received 17 deferred stock units as dividend-equivalent compensation.

How many AIG DSUs does Courtney Leimkuhler now own in total?

After the award, the director beneficially owns 2,289 DSUs.

When will the newly awarded DSUs convert into AIG common shares?

The DSUs settle on a 1-to-1 basis on the last trading day of the month in which the director’s board service ends, unless deferred further.

Was the transaction an open-market purchase?

No. It was an “A” coded award under AIG’s 2021 Omnibus Incentive Plan and involved no cash consideration.

Does this Form 4 signal any significant change in AIG’s outlook?

The transaction is routine and not considered material; it does not alter AIG’s operational or financial outlook.