Form 4: AIG Executive Ted T. Devine Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ted T. Devine, EVP and Chief Admin Officer of American International Group (AIG), disposed of 2,452 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On February 27, 2024, Ted T. Devine, EVP and Chief Admin Officer of American International Group, Inc. (AIG), reported a transaction involving the disposal of AIG common stock.
- The transaction involved the withholding of 2,452 shares at a price of $71.95 per share.
- This disposal 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 reported transaction, Devine beneficially owns 25,761 shares of AIG common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The disposal of shares to cover tax obligations is a common practice.
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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