Form 4: AIG Executive Rose Marie E. Glazer Reports Stock Disposal for Tax Obligations
SEC Filing Form 4
Rose Marie E. Glazer, EVP and General Counsel of American International Group, Inc. (AIG), reported disposing of 1,671 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On February 27, 2024, Rose Marie E. Glazer, EVP and General Counsel of American International Group, Inc. (AIG), filed a Form 4 with the SEC.
- The filing reports the disposal of 1,671 shares of AIG common stock at a price of $71.95 per share.
- This transaction was to cover tax obligations 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, Glazer directly owns 39,659 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a common transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is typical for executives receiving stock-based compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations related to 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 disposal transaction |
| 02/29/2024 | Date of Form 4 filing |
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