Form 4: AIG Executive Claude E. Wade Reports Stock Transaction
SEC Form 4 Filing
Claude E. Wade, EVP, Chief Digital Officer & Head of Operations at American International Group, Inc. (AIG), reports the withholding of shares for tax obligations related to vested restricted stock units.
Summary
- On February 27, 2024, Claude E. Wade, an executive at American International Group, Inc. (AIG), reported a transaction involving AIG common stock.
- The transaction involved the withholding of 2,064 shares at a price of $71.95 per share to cover tax obligations.
- This withholding was related to the settlement of 2022 and 2023 Restricted Stock Units (RSUs) that vested on February 22, 2024, and February 21, 2024, respectively.
- Following the transaction, Wade directly owns 13,921 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This transaction is a standard tax withholding related to the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | 2023 Restricted Stock Units vested |
| 02/22/2024 | 2022 Restricted Stock Units vested |
| 02/27/2024 | Date of stock transaction (tax withholding) |
| 02/29/2024 | Date of signature on the Form 4 filing |
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