Form 4: AIG Director Vanessa Wittman Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Vanessa Wittman reports acquisition of deferred stock units related to previous awards under AIG's 2021 Omnibus Incentive Plan.
Summary
- On October 1, 2024, Vanessa Wittman, a director of American International Group, Inc. (AIG), acquired 36 deferred stock units (DSUs).
- These DSUs represent dividend equivalent rights related to previously awarded DSUs under AIG's 2021 Omnibus Incentive Plan.
- The DSUs will be settled in shares of AIG common stock on a 1-to-1 basis upon the end of Wittman's service on the Board of Directors, unless she elects to defer the vesting date.
- Following the reported transaction, Wittman beneficially owns 6,589 DSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.
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 acquisition of deferred stock units, a common form of compensation for non-employee directors in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves a small number of deferred stock units.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of 36 deferred stock units. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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