Form 4: Linda A. Mills Reports Acquisition of AIG Deferred Stock Units

Director Linda A. Mills reports the acquisition of 2,259 deferred stock units (DSUs) of American International Group, Inc. (AIG) as part of her compensation.

Summary

• Linda A. Mills, a director of American International Group, Inc. (AIG), reported the acquisition of 2,259 deferred stock units (DSUs) on May 14, 2025.
• The DSUs were granted under the AIG 2021 Omnibus Incentive Plan as part of her compensation for serving as a non-employee director.
• These DSUs will vest without any cash consideration or conditions and will be settled in shares of AIG common stock on a 1-to-1 basis upon the end of her service on the AIG Board, unless she elects to defer the vesting date.
• The award includes dividend equivalent rights that accrue during the vesting period in the form of DSUs.
• Following the reported transaction, Mills beneficially owns a total of 42,050 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, which is generally viewed as a positive aspect of corporate governance.

Positives

• The acquisition of DSUs aligns the director's interests with those of the shareholders.
• The vesting of DSUs upon the end of her service on the AIG Board incentivizes continued service and commitment.
• Dividend equivalent rights provide additional value during the vesting period.

Future Outlook

The DSUs will be settled in shares of AIG common stock upon the end of the director's service on the AIG Board, unless the director has elected to defer the vesting date.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It reflects part of the compensation structure for non-employee directors at AIG.

Comparison to Industry Standards

• Director compensation packages often include stock-based awards like DSUs to align their interests with shareholders, similar to practices at companies like Berkshire Hathaway, JP Morgan Chase, and Goldman Sachs.
• The vesting terms, such as vesting upon the end of board service, are also common in director compensation plans, mirroring arrangements seen at companies like Apple and Microsoft.
• Dividend equivalent rights are a standard feature in many DSU programs, ensuring that directors receive the economic benefit of dividends paid on the underlying shares, similar to programs at companies like Johnson & Johnson and Procter & Gamble.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with shareholders, potentially leading to decisions that benefit shareholder value.
• The compensation structure can impact employee morale and perception of fairness within the company.

Key Dates

Keywords

AIG, deferred stock units, DSUs, director compensation, Form 4, insider trading, Linda A. Mills, American International Group