Form 4: AIG Director Juan Perez Acquires 16 Deferred Stock Units

AIG Director Juan R. Perez reported the acquisition of 16 deferred stock units, representing dividend equivalent rights, increasing his total beneficial ownership to 2,863 DSUs.

Summary

• Juan R. Perez, a Director of American International Group, Inc. (AIG), acquired 16 Deferred Stock Units (DSUs) on October 1, 2025.
• These DSUs represent dividend equivalent rights related to previously awarded DSUs under AIG's 2021 Omnibus Incentive Plan.
• The DSUs, along with the underlying previously awarded DSUs, will be settled in shares of AIG common stock on a 1-to-1 basis.
• Settlement is scheduled for 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, Juan R. Perez beneficially owns a total of 2,863 Deferred Stock Units.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates routine director compensation and alignment of interests, but not a significant event to warrant a high score.

Positives

• The acquisition of dividend equivalent rights in the form of DSUs further aligns the director's interests with shareholders.
• The transaction is part of a routine compensation structure for non-employee directors, indicating stable corporate governance practices.

Future Outlook

The acquired Deferred Stock Units, along with previously awarded DSUs, 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 the director's service on the Board of Directors ends, unless the director elects to defer the vesting date.

Industry Context

This is a routine insider transaction, common for publicly traded companies where non-employee directors receive equity-based compensation, including dividend equivalent rights, to align their interests with long-term shareholder value. Such transactions are standard disclosures under Section 16(a) of the Securities Exchange Act of 1934.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of a director's interests with the company's long-term performance through equity ownership.

Next Steps

• Settlement of the Deferred Stock Units into AIG common stock upon the cessation of Juan R. Perez's service on the Board of Directors, unless a deferral election is made.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the acquisition of a small number of deferred stock units as part of director compensation. It does not provide new material information that would fundamentally alter the investment thesis for AIG, nor does it signal significant operational or strategic changes. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific disclosure.

Keywords

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