AIG (AIG) director Vanessa Wittman awarded 54 deferred stock units as dividends
Rhea-AI Filing Summary
WITTMAN VANESSA AMES reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN INTERNATIONAL GROUP, INC. director Vanessa Ames Wittman received a routine compensation-related award of 54 Deferred Stock Units. These units were accrued as dividend equivalents on previously granted DSUs for her service as a non-employee director. Each DSU represents a right to receive one share of AIG common stock, generally delivered on the last trading day of the month in which her Board service ends, unless she has elected to defer vesting. Following this accrual, she holds a total of 9,113 DSUs directly.
Positive
- None.
Negative
- None.
Insights
Routine director dividend-equivalent DSU grant with modest size and no market buying or selling.
This filing shows Vanessa Ames Wittman, a non-employee director of AIG, receiving 54 Deferred Stock Units as dividend equivalents on previously granted DSUs. The grant is classified as a derivative award with no cash paid and no open-market transaction.
All DSUs are settled in AIG common stock on a 1-to-1 basis when her Board service ends, unless she defers vesting. After this accrual she holds 9,113 DSUs, indicating the event is small relative to her existing deferred equity position and is typical of director compensation structures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 54 | $0.00 | -- |
Footnotes (1)
- This form reports the accrual of dividend equivalents on deferred stock units ("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 ends, unless the director has elected to defer the vesting date. Reflects DSUs previously granted as compensation for service as a non-employee director.