Form 4: AIG Director Bergamaschi Receives Deferred Stock Units

Director Paola Bergamaschi receives deferred stock units as part of compensation for service on the AIG Board.

Summary

• Paola Bergamaschi, a director at American International Group, Inc. (AIG), received 2,259 deferred stock units (DSUs) on May 14, 2025.
• The DSUs were granted under the 2021 Omnibus Incentive Plan as compensation for her service as a non-employee director.
• These DSUs will vest and be settled in shares of AIG common stock on a 1-to-1 basis when her service on the AIG Board ends, unless she elects to defer the vesting date.
• The award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs.
• Following this transaction, Bergamaschi beneficially owns 9,687 DSUs previously granted under the 2021 Plan in addition to the new grant.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders.
• The dividend equivalent rights provide additional value to the director during the vesting period.
• The vesting of DSUs upon the end of board service encourages long-term commitment.

Future Outlook

The DSUs will vest and 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 AIG Board of Directors ends, unless the director has elected to defer the vesting date.

Industry Context

Granting stock-based compensation to board members is a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Companies like Goldman Sachs, JP Morgan Chase, and Citigroup also use deferred stock units as part of their director compensation packages.
• The vesting schedules and terms of these awards often vary based on company-specific factors and industry norms.
• The amount of DSUs granted to Bergamaschi is likely determined by AIG's compensation policies and benchmarking against peer companies.

Stakeholder Impact

• Shareholders may view the grant of DSUs positively as it aligns the director's interests with long-term company performance.
• The director is incentivized to contribute to the company's success to maximize the value of the stock units.

Key Dates

Keywords

AIG, deferred stock units, DSUs, director compensation, Paola Bergamaschi, 2021 Omnibus Incentive Plan, Form 4, beneficial ownership