Form 4: AIG Executive Jonathan Hancock Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jonathan Hancock, EVP & CEO, Int'l Insurance at American International Group, Inc. (AIG), disposed of 6,342 shares of common stock on February 27, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On February 27, 2024, Jonathan Hancock, an executive at American International Group, Inc. (AIG), reported a transaction involving the disposal of 6,342 shares of AIG common stock.
- The shares were disposed of to cover tax obligations associated with the vesting of restricted stock units (RSUs) from 2022 and 2023.
- The transaction was executed at a price of $71.95 per share.
- Following the transaction, Hancock directly owns 63,005 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 corporate insiders to report transactions in their company's stock, providing transparency to the market.
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 disposal for tax obligations |
| 02/29/2024 | Date of Form 4 filing |
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