Form 4: AIG Director Bergamaschi Receives Dividend Equivalent Rights in Deferred Stock Units

Director Paola Bergamaschi received 40 deferred stock units representing dividend equivalent rights related to previously awarded DSUs under AIG's 2021 Omnibus Incentive Plan.

Summary

• Paola Bergamaschi, a director of American International Group, Inc. (AIG), received 40 deferred stock units (DSUs) on October 1, 2024.
• These DSUs represent dividend equivalent rights related to previously awarded DSUs under the company's 2021 Omnibus Incentive Plan.
• The DSUs will be settled in shares of AIG common stock on a 1-to-1 basis upon the end of the director's service on the Board, unless the vesting date is deferred.
• Following this transaction, Bergamaschi beneficially owns 7,353 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The use of deferred stock units is a positive sign of aligning director interests with shareholders.

Positives

• The award of dividend equivalent rights in the form of DSUs aligns the director's interests with those of the shareholders.
• The vesting of DSUs upon the end of board service encourages long-term commitment from the director.

Future Outlook

The 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 filing is a routine disclosure of director compensation in the form of deferred stock units, a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred stock units are a common form of equity compensation for directors in publicly traded companies, similar to practices at companies like Goldman Sachs, JP Morgan Chase, and Citigroup.
• The vesting schedule tied to the end of board service is also a standard practice to incentivize long-term commitment, comparable to arrangements at other large financial institutions.

Stakeholder Impact

• Shareholders may view the award of DSUs as a positive sign, aligning the director's interests with the company's long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates