Form 4: AIG Director W. Don Cornwell Reports Acquisition of Deferred Stock Units

Director W. Don Cornwell reports the acquisition of additional deferred stock units (DSUs) related to previous awards under AIG's stock incentive plans.

Summary

• On April 1, 2024, W. Don Cornwell, a director of American International Group, Inc. (AIG), acquired 204 deferred stock units (DSUs).
• These DSUs represent dividend equivalent rights related to previously awarded DSUs under AIG's 2010, 2013, and 2021 Stock Incentive Plans.
• The DSUs will be settled in shares of AIG common stock on a 1-to-1 basis upon the end of the director's service on the Board, unless the director has elected to defer the vesting date.
• Following the reported transaction, Cornwell beneficially owns 44,385 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of DSUs is a positive sign of alignment between the director and the company's long-term performance.

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 related to director compensation and holdings, common in publicly traded companies. It reflects ongoing equity-based compensation practices for non-employee directors.

Comparison to Industry Standards

• Equity-based compensation, including deferred stock units, is a common practice among large publicly traded companies like AIG to align the interests of directors with those of shareholders.
• Companies such as Goldman Sachs, JP Morgan Chase, and Citigroup also utilize similar equity compensation plans for their directors.
• The specific number of DSUs granted and the terms of vesting vary depending on the company's compensation policies and the director's role and responsibilities.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of shareholders, as the value of the DSUs is tied to the performance of AIG's common stock.

Key Dates