AIG director John Rice awarded new deferred stock units
RICE JOHN G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
RICE JOHN G reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN INTERNATIONAL GROUP, INC. director John G. Rice reported routine equity-based compensation in the form of deferred stock units (DSUs). He received an award of 115 DSUs and a separate accrual of 1,256 additional DSUs as dividend equivalents on previously granted DSUs.
The DSUs are granted as non-employee director compensation and each unit will be settled in one share of AIG common stock on a 1-to-1 basis. Settlement occurs on the last trading day of the month in which his Board service ends, unless he elects to defer the vesting date. These are not open-market purchases or sales, but part of his ongoing director compensation program.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Unit | 1,256 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Unit | 115 | $0.00 | $0.00 |
Footnotes (3)
- 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.
- F2. Reflects DSUs previously granted as compensation for service as a non-employee director.
- F3. This form reports the accrual of dividend equivalents on 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 of Directors ends, unless the director has elected to defer the vesting date.
Key Figures
Key Terms
Deferred Stock Unit financial
dividend equivalent rights financial
non-employee director compensation financial
FAQ
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What did AIG director John G. Rice report on this Form 4 for AIG?
How many deferred stock units did John G. Rice receive from AIG?
How are AIG deferred stock units (DSUs) for John G. Rice settled?
Are John G. Rice’s AIG deferred stock unit transactions open-market trades?
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