Form 4: AIG Director Linda A. Mills Reports Stock Unit Award

Director Linda A. Mills reports the acquisition of deferred stock units (DSUs) in American International Group, Inc. (AIG) as part of her director compensation.

Summary

• Linda A. Mills, a director at American International Group, Inc. (AIG), reported the acquisition of 446 deferred stock units (DSUs) on April 1, 2025, as part of her annual compensation for service as a non-employee director.
• These DSUs were awarded under the AIG 2021 Omnibus Incentive Plan and will be settled in shares of AIG common stock on a 1-to-1 basis when her service on the Board ends, unless she elects to defer the vesting date.
• Additionally, she acquired 178 DSUs representing dividend equivalent rights related to previously awarded DSUs.
• Following these transactions, Mills beneficially owns a total of 39,791 DSUs.
• The report was filed on April 2, 2025.

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 factor.

Positives

• The acquisition of DSUs reflects ongoing compensation for a director's service, aligning her interests with the company's performance.
• Dividend equivalent rights ensure that the director receives value equivalent to dividends paid on common stock during the vesting period.

Future Outlook

The DSUs will be settled in shares of AIG common stock upon the director's departure from the Board, unless a deferral election is made.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards like DSUs to align director interests with shareholder value, a common practice among publicly traded companies.
• Companies like Goldman Sachs, JP Morgan Chase, and Citigroup also use similar stock-based compensation plans for their directors.

Stakeholder Impact

• Shareholders may view the stock unit award as a way to align the director's interests with the company's long-term performance.

Key Dates

Keywords

AIG, deferred stock units, director compensation, Form 4, Linda A. Mills, beneficial ownership, American International Group