Form 4: AIG Executive Kevin T. Hogan Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kevin T. Hogan, CEO of Corebridge Financial, Inc., reports disposing of 40,572 shares of AIG common stock to cover tax obligations related to vested performance stock units.
Summary
- On February 27, 2024, Kevin T. Hogan, CEO of Corebridge Financial, Inc., disposed of 40,572 shares of American International Group (AIG) common stock.
- The shares were disposed of to cover tax obligations related to the settlement of 2021 Performance Stock Units that vested on January 1, 2024.
- The transaction was executed at a price of $71.95 per share.
- Following the transaction, Hogan directly owns 267,431 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | 2021 Performance Stock Units vested. |
| 02/27/2024 | Transaction date: Disposal of AIG common stock. |
| 02/29/2024 | Date of Form 4 filing. |
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