Form 4: American International Group Sells 30 Million Shares of Corebridge Financial
SEC Form 4 Filing
American International Group (AIG) has sold 30 million shares of Corebridge Financial (CRBG) at a price of $31.20 per share.
Summary
- American International Group, Inc. (AIG) filed a Form 4 with the SEC on November 12, 2024, regarding changes in beneficial ownership of Corebridge Financial, Inc. (CRBG).
- The filing indicates that AIG sold 30,000,000 shares of Corebridge Financial common stock on November 7, 2024.
- The sale price was $31.20 per share.
- Following the transaction, AIG directly owns 249,238,898 shares of Corebridge Financial.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views. It's a factual disclosure of a share sale.
Industry Context
This transaction reflects AIG's ongoing strategy regarding its investment in Corebridge Financial, potentially to reduce its stake or reallocate capital.
Stakeholder Impact
- The sale of a significant number of shares could potentially impact the share price of Corebridge Financial.
- Shareholders may react to AIG's reduced stake in Corebridge Financial.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of transaction: AIG sold 30,000,000 shares of Corebridge Financial. |
| 11/12/2024 | Date of Form 4 filing with the SEC. |
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