Form 4: AIG Chairman & CEO Peter Zaffino Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Zaffino, Chairman & CEO of American International Group, Inc. (AIG), reports the disposition of 101,449 common stock shares to cover tax obligations related to vested performance and restricted stock units.
Summary
- On March 4, 2025, Peter Zaffino, Chairman & CEO of American International Group, Inc. (AIG), reported a transaction involving AIG common stock.
- The transaction involved the disposition of 101,449 shares of common stock at a price of $82.94 per share.
- These shares were withheld for the payment of taxes related to the settlement of 2022 Performance Stock Units and 2022 Restricted Stock Units that vested on January 1, 2025, and February 22, 2025, respectively.
- Following the transaction, Zaffino directly owns 640,966 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| January 1, 2025 | Vesting date of 2022 Performance Stock Units. |
| February 22, 2025 | Vesting date of 2022 Restricted Stock Units. |
| March 4, 2025 | Date of the stock transaction (disposition of shares). |
| March 5, 2025 | Date of the signature on the Form 4 filing. |
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