Form 4: AIG Director James Cole Jr. Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director James Cole Jr. reports the acquisition of additional deferred stock units (DSUs) related to previous awards under AIG's incentive plans.
Summary
- On April 1, 2024, James Cole Jr., a director of American International Group, Inc. (AIG), acquired 53 deferred stock units (DSUs).
- These DSUs are dividend equivalent rights related to previously awarded DSUs under AIG's 2013 and 2021 Omnibus Incentive Plans.
- The DSUs will be settled in shares of AIG common stock on a 1-to-1 basis upon the director's service ending, unless the vesting date is deferred.
- Following this transaction, Cole directly owns 11,464 DSUs.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
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 related to director compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to director compensation and potential future dilution upon DSU conversion.
Key Dates
| Date | Description |
|---|---|
| 2024-02-10 | Date of Power of Attorney execution. |
| 2024-04-01 | Date of transaction: Acquisition of deferred stock units. |
| 2024-04-03 | Date of Form 4 filing. |
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