Form 4: AIG Director Inglis Increases Stake via DSU Accrual

American International Group Director John C. Inglis increased his beneficial ownership of the company's deferred stock units through dividend equivalent accruals.

Summary

• John C. Inglis, a Director of American International Group, Inc. (AIG), reported an increase in his beneficial ownership of Deferred Stock Units (DSUs).
• The increase resulted from the accrual of dividend equivalents on previously granted DSUs, which were issued as additional DSUs.
• A total of 28 additional DSUs were acquired on January 1, 2026.
• Following this transaction, Mr. Inglis beneficially owns a total of 5,227 DSUs.
• These DSUs will be settled in AIG common stock on a 1-to-1 basis upon the director's service termination, unless a deferral election is made.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director's beneficial ownership is increasing, even if through routine dividend accruals, which aligns their interests with shareholders. It's a standard, expected event, so not highly impactful.

Positives

• Director John C. Inglis increased his beneficial ownership by 28 Deferred Stock Units (DSUs), demonstrating continued alignment with shareholder interests.
• The accrual of dividend equivalents in the form of additional DSUs indicates a mechanism for long-term incentive and retention for non-employee directors.

Future Outlook

Deferred Stock Units (DSUs) held by Director John C. Inglis are scheduled to be settled in shares of AIG common stock on a 1-to-1 basis on the last trading day of the month in which his service on the Board ends, unless he elects to defer the vesting date.

Management Comments

• The accrual of dividend equivalents on deferred stock units (DSUs) previously granted to the reporting person as non-employee director compensation in the form of additional DSUs.

Industry Context

This transaction reflects a common practice in corporate governance where non-employee directors receive a portion of their compensation in equity-based awards, such as Deferred Stock Units (DSUs), which often accrue dividend equivalents. This aligns the director's long-term interests with those of the shareholders, a standard approach across many publicly traded companies.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) with dividend equivalent accruals for non-employee director compensation is a widely adopted practice among large-cap financial institutions and other public companies.
• This method is comparable to compensation structures seen at peers like Travelers Companies (TRV) or Chubb Limited (CB), where equity-based incentives are used to foster long-term alignment and retention for board members.
• The 1-to-1 settlement in common stock upon service termination is also a standard feature of such plans.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with long-term shareholder value through increased equity ownership.
• Employees: No direct impact on general employees.
• Customers: No direct impact on customers.
• Suppliers: No direct impact on suppliers.
• Creditors: No direct impact on creditors.

Next Steps

• The Deferred Stock Units (DSUs) will be settled in shares of AIG common stock upon the director's service on the Board ending, unless a deferral election is made.

Key Dates

Keywords

AIG, American International Group, John C. Inglis, Director, SEC Form 4, Insider Transaction, Deferred Stock Units, DSU, Dividend Equivalents, Beneficial Ownership, Corporate Governance