Form 4: AIG Executive Donald Bailey Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Donald Bailey, EVP & CEO North Amer Insur at American International Group, Inc. (AIG), reported disposing of 1,173 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On February 27, 2024, Donald Bailey, an executive at American International Group, Inc. (AIG), disposed of 1,173 shares of AIG common stock.
- The transaction was executed to cover tax obligations arising from the vesting of 2023 Restricted Stock Units on February 21, 2024.
- The shares were disposed of at a price of $71.95 per share.
- Following the transaction, Bailey directly owns 8,280 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative 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 related to tax obligations arising from vested stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | 2023 Restricted Stock Units vested. |
| 02/27/2024 | Transaction date: Disposal of 1,173 shares for tax obligations. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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