Form 4: AIG Chairman & CEO Peter Zaffino Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Peter Zaffino, Chairman & CEO of American International Group, Inc. (AIG), reported the acquisition of dividend equivalent rights related to previously awarded restricted stock units.
Summary
- On March 28, 2024, Peter Zaffino, Chairman & CEO of American International Group, Inc. (AIG), reported the acquisition of 4,228 dividend equivalent rights.
- These rights are associated with the November 2022 Restricted Stock Units (RSUs) previously awarded to Zaffino.
- The dividend equivalent rights will vest on the same schedule as the November 2022 RSUs and will be settled in cash upon vesting.
- Following the transaction, Zaffino directly owns 30,043 derivative securities.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative, but rather a standard disclosure.
Future Outlook
The dividend equivalent rights will vest on the same schedule as the November 2022 RSUs and will be settled in cash upon vesting.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the ongoing accrual of benefits related to previously granted equity awards.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is related to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| November 10, 2022 | Date of original award of Restricted Stock Units (RSUs) to Peter Zaffino. |
| November 15, 2022 | Date the original award of Restricted Stock Units (RSUs) to Peter Zaffino was reported on Form 4. |
| March 28, 2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| March 29, 2024 | Date of signature on the Form 4 filing. |
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