Form 4: AIG Director James Cole Jr. Awarded Deferred Stock Units

Director James Cole Jr. received 2,259 deferred stock units (DSUs) as part of his compensation for serving as a non-employee director at American International Group, Inc. (AIG).

Summary

• James Cole Jr., a director at American International Group, Inc. (AIG), was awarded 2,259 deferred stock units (DSUs) on May 14, 2025.
• These DSUs were granted under the AIG 2021 Omnibus Incentive Plan as compensation for his service as a non-employee director.
• The DSUs will vest and be settled in shares of AIG common stock on a 1-to-1 basis upon the end of his service on the AIG Board, unless he 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, Mr. Cole beneficially owns a total of 16,359 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice. It's a neutral event with a slightly positive implication for aligning director and shareholder interests.

Positives

• The award of DSUs aligns the director's interests with those of the shareholders, as the value of the DSUs is tied to the performance of AIG's common stock.
• 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 upon the end of the director's service on the AIG Board, unless the director has elected to defer the vesting date.

Industry Context

The granting of deferred stock units to non-employee directors is a common practice in corporate governance to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Granting stock-based compensation to directors is a common practice among publicly traded companies, including peers like Prudential Financial, MetLife, and Allianz.
• The specific amount and vesting terms of the DSUs are likely determined based on industry benchmarks and AIG's compensation policies.

Stakeholder Impact

• Shareholders may view the DSU grant positively as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

AIG, deferred stock units, DSUs, director compensation, Form 4, James Cole Jr., 2021 Omnibus Incentive Plan