Form 4: AIG Executive Christopher Flatt Executes Stock Options and Sells Shares
SEC Form 4 Filing
Christopher Flatt, EVP and Chief Underwriting Officer of American International Group (AIG), exercised stock options and sold shares on May 5, 2025.
Summary
- On May 5, 2025, Christopher Flatt, EVP and Chief Underwriting Officer of AIG, exercised stock options to acquire 31,110 shares of common stock.
- He then sold 46,182 shares of AIG common stock at a weighted average price of $83.261 per share.
- Following these transactions, Mr. Flatt directly owns 67,582 shares of AIG common stock.
- The stock options exercised were granted in 2021, 2022, 2023 and 2024 with exercise prices of $44.10, $61.61, $59.72 and $68.13 respectively.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are generally benchmarked against peer companies in the insurance industry.
- Companies like Chubb, Travelers, and Progressive are often considered peers of AIG when evaluating executive compensation and ownership.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating downward pressure on the stock price in the short term.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date 2021 Stock Options (Right to Buy) became exercisable |
| 02/22/2031 | Expiration date of 2021 Stock Options (Right to Buy) |
| 02/22/2032 | Expiration date of 2022 Stock Options (Right to Buy) |
| 02/21/2033 | Expiration date of 2023 Stock Options (Right to Buy) |
| 02/20/2034 | Expiration date of 2024 Stock Options (Right to Buy) |
| 05/05/2025 | Date of stock option exercise and share sale. |
| 05/06/2025 | Date of Form 4 filing. |
Keywords
AIG, Christopher Flatt, Stock Options, SEC Form 4, Executive Compensation, Share Sale, Beneficial Ownership
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