Form 4: AIG CEO Peter Zaffino Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Peter Zaffino, Chairman & CEO of American International Group (AIG), reports acquisition of dividend equivalent rights related to previously awarded restricted stock units.
Summary
- Peter Zaffino, the Chairman & CEO of American International Group, Inc. (AIG), filed a Form 4 on April 2, 2025, reporting a transaction that occurred on March 31, 2025.
- The transaction involves the acquisition of 4,338 dividend equivalent rights related to November 2022 Restricted Stock Units (RSUs) previously awarded to Mr. Zaffino.
- These dividend equivalent rights will vest on the same schedule as the November 2022 RSUs and will be settled in cash upon vesting.
- Following the reported transaction, Mr. Zaffino beneficially owns 49,207 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the sentiment is neutral. It reflects routine compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's continued stake in the company's performance through equity-based compensation.
Stakeholder Impact
- The acquisition of dividend equivalent rights aligns the CEO's interests with those of the shareholders, as the value of these rights is tied to the company's dividend performance.
Key Dates
| Date | Description |
|---|---|
| November 10, 2022 | Date of original award of November 2022 Restricted Stock Units (RSUs) to Peter Zaffino. |
| November 15, 2022 | Date Form 4 was filed reporting the original award of November 2022 Restricted Stock Units (RSUs) to Peter Zaffino. |
| March 31, 2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| April 02, 2025 | Date of Form 4 filing. |
Keywords
Form 4, AIG, Peter Zaffino, Dividend Equivalent Rights, Restricted Stock Units, Beneficial Ownership, Insider Trading
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