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

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

Summary

• Paola Bergamaschi, a director at American International Group, Inc. (AIG), received dividend equivalent rights in the form of deferred stock units (DSUs) on April 1, 2025.
• These DSUs are related to previously awarded DSUs under the company's 2021 Omnibus Incentive Plan, compensating her for service as a non-employee director.
• A total of 35 DSUs were awarded.
• These DSUs, along with the underlying previously awarded DSUs, will be settled in shares of AIG common stock on a 1-to-1 basis when her service on the Board ends, unless she elects to defer the vesting date.
• As of the report, Bergamaschi directly owns 7,428 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns 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 schedule incentivizes continued service on the Board of Directors.

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 type of equity compensation is common for non-employee directors to align their interests with shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Granting deferred stock units (DSUs) to non-employee directors is a standard practice among publicly traded companies, including AIG's peers in the financial services industry.
• Companies like MetLife, Prudential Financial, and Lincoln National Corporation also utilize similar equity-based compensation plans for their board members.
• The number of DSUs granted and the vesting schedules are generally aligned with industry benchmarks for director compensation, aiming to attract and retain qualified individuals.

Stakeholder Impact

• The award of DSUs aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

AIG, Paola Bergamaschi, Director, Deferred Stock Units, DSUs, Dividend Equivalent Rights, 2021 Omnibus Incentive Plan, Beneficial Ownership, Form 4