Form 4: AIG Director Linda A. Mills Receives Dividend Equivalent Rights in Deferred Stock Units

Director Linda A. Mills receives dividend equivalent rights in the form of deferred stock units related to previously awarded DSUs under AIG's 2013 and 2021 Omnibus Incentive Plans.

Summary

• On October 1, 2024, Linda A. Mills, a director of American International Group, Inc. (AIG), received dividend equivalent rights in the form of 210 deferred stock units (DSUs).
• These DSUs are related to previously awarded DSUs under AIG's 2013 and 2021 Omnibus Incentive Plans as compensation for her service as a non-employee director.
• The DSUs, along with the underlying previously awarded 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 her service on the Board of Directors ends, unless she has elected to defer the vesting date.
• Following this transaction, Mills beneficially owns 38,949 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.

Positives

• The receipt of dividend equivalent rights in the form of DSUs aligns the director's interests with those of the shareholders.
• The structure of the DSU settlement provides flexibility for the director regarding the timing of stock receipt.

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 of a director's compensation in the form of deferred stock units, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for non-employee directors at publicly traded companies.
• Companies like Goldman Sachs, JP Morgan Chase, and Citigroup also utilize similar equity-based compensation plans for their directors.
• The specific number of DSUs granted and the terms of vesting and settlement can vary based on company size, performance, and compensation policies.

Stakeholder Impact

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

Key Dates