Form 4: AIG Director Linda A. Mills Acquires Additional Deferred Stock Units

Director Linda A. Mills acquired 218 deferred stock units of American International Group, Inc. (AIG) as dividend equivalents.

Summary

• Linda A. Mills, a director at American International Group, Inc. (AIG), acquired 218 deferred stock units (DSUs) on December 31, 2024.
• These DSUs represent 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 end of her service as a director, unless she has elected to defer the vesting date.
• Following this transaction, Ms. Mills beneficially owns a total of 39,167 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of additional DSUs by a director demonstrates continued alignment of interests between the board and shareholders.
• The dividend equivalent rights provide additional compensation to the director based on the performance of the company.

Future Outlook

The deferred stock units will be settled in shares of AIG common stock upon the end of the director's service, unless deferred.

Industry Context

This is a standard transaction for director compensation, aligning their interests with shareholders through equity-based awards.

Comparison to Industry Standards

• The use of deferred stock units as part of director compensation is a common practice among publicly traded companies, including those in the financial services sector.
• Companies like Prudential Financial (PRU) and MetLife (MET) also use similar equity-based compensation plans for their directors.
• The vesting and settlement terms of these DSUs are typical, with settlement occurring upon the director's departure from the board, unless deferred.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

Deferred Stock Units, DSUs, Director Compensation, Insider Transaction, AIG, American International Group, Linda A. Mills, Dividend Equivalents