Form 4: AIG Executive Edward Lee Dandridge Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Edward Lee Dandridge, EVP, Chief Marketing & Comms at American International Group, Inc. (AIG), reported disposing of 609 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On March 4, 2025, Edward Lee Dandridge, EVP, Chief Marketing & Comms at American International Group, Inc. (AIG), disposed of 609 shares of AIG common stock.
- The transaction was executed to cover tax obligations related to the settlement of 2024 Restricted Stock Units that vested on February 20, 2025.
- The shares were disposed of at a price of $82.94 per share.
- Following the transaction, Dandridge directly owns 8,067 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 20, 2025 | 2024 Restricted Stock Units vested. |
| March 04, 2025 | Transaction date: Disposal of 609 shares of AIG common stock. |
| March 05, 2025 | Date of signature for the Form 4 filing. |
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