Form 4: AIG Executive Charles Fry Reports Stock Transaction
SEC Form 4 Filing
Charles Fry, EVP at American International Group, reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 27, 2024, Charles Fry, an Executive Vice President at American International Group (AIG), reported a transaction involving AIG common stock.
- The transaction involved the disposition of 991 shares of common stock at a price of $71.95 per share.
- These shares were withheld for the payment of taxes related to the settlement of 2023 Restricted Stock Units (RSUs) that vested on February 21, 2024.
- Following the transaction, Fry directly owns 21,733 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | 2023 Restricted Stock Units vested |
| 02/27/2024 | Date of stock transaction (disposition of shares) |
| 02/29/2024 | Date of signature on the Form 4 filing |
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