Form 4: AIG Executive Thomas Allen Bolt Reports Stock Transaction
SEC Form 4 Filing
EVP and Chief Risk Officer of American International Group, Thomas Allen Bolt, reports disposition of shares for tax obligations related to vested restricted stock units.
Summary
- Thomas Allen Bolt, EVP and Chief Risk Officer of American International Group (AIG), filed a Form 4 on February 29, 2024.
- The report details a transaction on February 27, 2024, where 2,494 shares of AIG common stock were disposed of to cover tax obligations.
- This disposition occurred in connection with the vesting of 2022 and 2023 Restricted Stock Units on February 22, 2024 and February 21, 2024, respectively.
- The price per share for the transaction was $71.95.
- Following the reported transaction, Bolt beneficially owns 60,636 shares of AIG common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the executive's stock-based compensation and associated tax obligations.
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 transaction (disposal of shares for tax obligations) |
| 02/29/2024 | Date of Form 4 filing |
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