Form 4: AIG Executive Charles Fry Reports Stock Transactions
SEC Filing
Charles Fry, EVP at American International Group, reports the vesting and subsequent tax withholding related to restricted stock units.
Summary
- Charles Fry, an Executive Vice President at American International Group (AIG), filed a Form 4 detailing changes in beneficial ownership of AIG stock.
- On June 16, 2024, 4,531 Restricted Stock Units (RSUs) vested and were converted into common stock.
- Fry also disposed of 2,130 shares of common stock to cover tax obligations related to the RSU vesting at a price of $73.98 per share.
- Following these transactions, Fry directly owns 24,134 shares of AIG common stock and 9,063 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.
Future Outlook
The remaining RSUs will vest in equal amounts on the second and third anniversaries of the grant date, subject to the reporting person's continued employment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders can monitor insider transactions to assess management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/16/2023 | Date of grant for the Restricted Stock Units (RSUs). |
| 06/16/2024 | Date of RSU vesting and stock transactions. |
| 06/18/2024 | Date of Form 4 filing. |
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