Form 4: AIG Director Inglis Acquires 29 Dividend DSUs

American International Group, Inc. Director John C. Inglis acquired 29 deferred stock units (DSUs) representing dividend equivalent rights, increasing his beneficial ownership to 5,199 DSUs.

Summary

• John C. Inglis, a Director at American International Group, Inc. (AIG), acquired 29 Deferred Stock Units (DSUs) on October 1, 2025.
• These DSUs represent dividend equivalent rights related to previously awarded DSUs under the AIG 2021 Omnibus Incentive Plan.
• The DSUs are compensation for service as a non-employee director.
• Each DSU will be settled in one share of AIG common stock on the last trading day of the month in which the director's service on the Board of Directors ends, unless deferral is elected.
• Following this transaction, John C. Inglis beneficially owns a total of 5,199 DSUs.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a routine increase in director's equity alignment with the company, which is generally viewed favorably by investors, though it's not a direct cash investment.

Positives

• The acquisition of additional deferred stock units by a director increases their alignment with shareholder interests, as their compensation is tied to the company's stock performance.
• The transaction is part of a structured compensation plan (AIG 2021 Omnibus Incentive Plan), indicating a clear and pre-defined approach to director remuneration.

Negatives

• The acquisition of DSUs is a compensation award rather than a direct cash purchase of shares, which might be viewed as a less direct vote of confidence compared to open market purchases.

Risks

• The value of the deferred stock units is directly tied to the future performance of AIG's common stock, exposing the director's compensation to market fluctuations.
• The settlement of DSUs is contingent on the director's service ending, or a deferred vesting date, introducing a time-based risk element.

Future Outlook

The acquired deferred stock units, along with previously awarded DSUs, will be settled in shares of AIG common stock on a one-to-one 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

• This award represents dividend equivalent rights in the form of deferred stock units ('DSUs') that are related to the DSUs previously awarded to the reporting person under the American International Group, Inc. ('AIG') 2021 Omnibus Incentive Plan as compensation for service as a non-employee director.

Industry Context

The granting of deferred stock units as compensation, particularly dividend equivalent rights, is a common practice for non-employee directors in large publicly traded companies within the financial services and insurance sectors. This aligns director interests with long-term shareholder value.

Comparison to Industry Standards

• The use of deferred stock units (DSUs) as a component of non-employee director compensation is a standard practice across many industries, including financial services, to align director incentives with long-term company performance and shareholder returns.
• While the specific number of units (29) is small, it represents dividend equivalents on existing holdings, which is a common feature of DSU plans to ensure directors receive the same economic benefit as common shareholders.
• The AIG 2021 Omnibus Incentive Plan, under which these DSUs were granted, is typical for large corporations, providing a framework for various equity-based awards to incentivize key personnel and directors.

Stakeholder Impact

• Shareholders: The transaction aligns the director's long-term interests with those of shareholders, as the value of the DSUs is tied to AIG's stock performance.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The deferred stock units will be settled in shares of AIG common stock on a 1-to-1 basis upon the termination of the director's service on the Board of Directors, unless a deferral election is made.

Key Dates

Recommendation

This Form 4 filing details a routine compensation award of deferred stock units to a non-employee director. While it slightly increases the director's equity alignment, the transaction size is small and does not represent new material information that would significantly alter the fundamental investment thesis for AIG. Therefore, a 'hold' recommendation is appropriate, as this filing alone does not warrant a change in investment strategy.

Keywords

AIG, Form 4, Insider Transaction, Deferred Stock Units, Director Compensation, Equity Award, Dividend Equivalent Rights, Corporate Governance