Form 4: American International Group Sells 30 Million Shares of Corebridge Financial
SEC Form 4
American International Group (AIG) sold 30 million shares of Corebridge Financial (CRBG) at a price of $29.2 per share on June 3, 2024.
Summary
- American International Group, Inc. (AIG) filed a Form 4 with the SEC on June 3, 2024, regarding changes in beneficial ownership of Corebridge Financial, Inc. (CRBG).
- AIG sold 30,000,000 shares of Corebridge Financial common stock on June 3, 2024.
- The sale price was $29.2 per share.
- Following the transaction, AIG directly owns 294,203,636 shares of Corebridge Financial.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook, but rather a change in ownership structure.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders or major shareholders. This sale reduces AIG's stake in Corebridge Financial.
Stakeholder Impact
- The sale of shares by AIG could potentially impact the share price of Corebridge Financial.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: AIG sold 30,000,000 shares of Corebridge Financial. |
| 06/03/2024 | Date of report: Form 4 filed by AIG. |
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