Form 4: AIG Director Juan R. Perez Reports Acquisition of Deferred Stock Units

Director Juan R. Perez reports the acquisition of 572 deferred stock units (DSUs) of American International Group, Inc. (AIG) as part of compensation for service as a non-employee director.

Summary

• On February 19, 2025, Juan R. Perez, a director of American International Group, Inc. (AIG), acquired 572 deferred stock units (DSUs).
• These DSUs were granted under the 2021 Omnibus Incentive Plan as compensation for 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 the director's service on the AIG Board, unless the director has elected to defer the vesting date.
• The award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The alignment of director interests with shareholders is a positive aspect.

Positives

• The acquisition of DSUs aligns the director's interests with those of the shareholders.
• The vesting of DSUs is tied to continued service on the board, incentivizing long-term commitment.

Future Outlook

The DSUs will be settled in shares of AIG common stock upon the director's departure from the board, unless the director has elected to defer the vesting date.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Granting deferred stock units to non-employee directors is a common practice among publicly traded companies, including peers like Prudential Financial, MetLife, and Lincoln National.
• The size of the grant (572 DSUs) would need to be compared to grants made to directors at similar companies to determine if it is in line with industry standards.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

AIG, deferred stock units, DSUs, director compensation, Form 4, Juan R. Perez, 2021 Omnibus Incentive Plan, beneficial ownership