Form 4: AIG Executive Christopher Schaper Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
EVP and Chief Risk Officer of American International Group, Christopher Schaper, reports the vesting and conversion of restricted stock units into AIG common stock.
Summary
- Christopher Schaper, EVP and Chief Risk Officer of American International Group (AIG), filed a Form 4 detailing changes in beneficial ownership.
- On February 21, 2025, 2,365 shares of AIG common stock were acquired upon the vesting of the second tranche of 2023 Restricted Stock Units (RSUs).
- On February 22, 2025, 3,440 shares of AIG common stock were acquired upon the vesting of the third and final tranche of 2022 Restricted Stock Units (RSUs).
- The RSUs convert to AIG common stock on a 1-to-1 basis.
- Following these transactions, Schaper directly owns 87,742 shares of AIG common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document simply reports routine stock transactions related to executive compensation.
Positives
- The vesting of RSUs indicates a continued investment in AIG by its executives.
Future Outlook
The remaining 2023 RSUs will vest on the third anniversary of the grant date, subject to the reporting person's continued employment.
Industry Context
Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| February 21, 2023 | Grant date of 2023 Restricted Stock Units |
| February 22, 2022 | Grant date of 2022 Restricted Stock Units |
| February 21, 2025 | Vesting of 2,365 shares from 2023 RSUs |
| February 22, 2025 | Vesting of 3,440 shares from 2022 RSUs |
| February 21, 2026 | Next vesting date for remaining 2023 RSUs |
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