Form 4: AIG Director Acquires Additional Deferred Stock Units as Compensation

Paola Bergamaschi, a director at American International Group, Inc. (AIG), acquired 50 deferred stock units as dividend equivalent rights, increasing her total beneficial ownership to 9,737 DSUs.

Summary

• Paola Bergamaschi, a Director of American International Group, Inc. (AIG), acquired 50 Deferred Stock Units (DSUs) on July 1, 2025.
• These 50 DSUs represent dividend equivalent rights related to previously awarded DSUs under the AIG 2021 Omnibus Incentive Plan.
• The DSUs serve as compensation for her service as a non-employee director.
• Each DSU will be settled on a 1-to-1 basis in AIG common stock on the last trading day of the month the director's service on the Board of Directors ends, unless the director has elected to defer the vesting date.
• Following this transaction, Paola Bergamaschi beneficially owns a total of 9,737 Deferred Stock Units.

Sentiment

Score: 7

Explanation: The filing indicates a routine acquisition of deferred stock units by a director as part of their compensation, which aligns their interests with shareholders and reflects standard corporate governance practices. There are no negative disclosures.

Positives

• Director Paola Bergamaschi acquired additional deferred stock units, aligning her interests with shareholders.
• The acquisition of DSUs as dividend equivalent rights indicates ongoing compensation and retention of a non-employee director.

Future Outlook

The acquired Deferred Stock Units, along with previously awarded 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.

Management Comments

• The award represents dividend equivalent rights in the form of deferred stock units related to previously awarded DSUs under the American International Group, Inc. 2021 Omnibus Incentive Plan as compensation for service as a non-employee director.
• Under the plan and related award agreements, these 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.

Industry Context

This transaction is a routine disclosure of director equity compensation, common across publicly traded companies, particularly in the financial services industry, to align director incentives with long-term shareholder value.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) as compensation for non-employee directors is a common practice among large financial institutions and public companies, aligning director interests with long-term shareholder value.
• Many companies, including peers in the insurance and financial services sector, utilize similar equity-based compensation plans to retain and incentivize board members.

Corporate Governance

Related Party Transactions

• The acquisition of Deferred Stock Units by Paola Bergamaschi, a non-employee director, constitutes a related party transaction as it involves compensation provided by American International Group, Inc. to one of its board members.

Stakeholder Impact

• Shareholders: Increased alignment of director interests with shareholder value through equity ownership.

Next Steps

• Settlement of the acquired Deferred Stock Units (DSUs) into AIG common stock upon the director's cessation of service on the Board of Directors, unless a deferral election is made.

Key Dates

Recommendation

Keywords

AIG, American International Group, Form 4, SEC filing, insider transaction, director compensation, deferred stock units, DSU, equity compensation