Anant Bhalla - 18 Sep 2023 Form 4 Insider Report for AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (ANG-PB)

Role: CEO & President, Director
Signature: /s/ Mark A. Schuman, authorized signer
Issuer symbol: ANG-PB
Transactions as of: 18 Sep 2023
Net transactions value: -$4,550,576
Form type: 4
Filing time: 20 Sep 2023, 21:14:45 UTC
Previous filing: 01 Aug 2023
Next filing: 21 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEL	Common Stock	Options Exercise	$1,758,094	+64,164	+6.2%	$27.40	1,092,298	18 Sep 2023	Direct
transaction	AEL	Common Stock	Options Exercise	$328,198	+12,133	+1.1%	$27.05	1,104,431	18 Sep 2023	Direct
transaction	AEL	Common Stock	Sale	$4,129,064	-76,297	-6.9%	$54.12	1,028,134	18 Sep 2023	Direct	F1
transaction	AEL	Common Stock	Options Exercise	$2,505,858	+92,638	+9%	$27.05	1,120,772	19 Sep 2023	Direct
transaction	AEL	Common Stock	Sale	$5,013,661	-92,638	-8.3%	$54.12	1,028,134	19 Sep 2023	Direct	F2
holding	AEL	Common Stock						2,075	18 Sep 2023	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AEL	Options - Right to Buy	Options Exercise	$0	-64,164	-67%	$0.000000	32,082	18 Sep 2023	Common Stock	64,164	$27.40	Direct	F3
transaction	AEL	Options - Right to Buy	Options Exercise	$0	-12,133	-5%	$0.000000	231,917	18 Sep 2023	Common Stock	12,133	$27.05	Direct	F4
transaction	AEL	Options - Right to Buy	Options Exercise	$0	-92,638	-40%	$0.000000	139,279	19 Sep 2023	Common Stock	92,638	$27.05	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $54.11 to $54.17. The price reported in column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold and the prices at which the transactions were settled.
F2	This transaction was executed in multiple trades at prices ranging from $54.10 to $54.17. The price reported in column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold and the prices at which the transactions were settled.
F3	An award of stock options pursuant to the American Equity Investment Life Holding Company Amended and Restated Equity Incentive Plan, 1/3 of which vested one year from date of grant, 1/3 vested two years from date of grant, and the remaining 1/3 will vest three years from date of grant. One-half of these options became exercisable on February 25, 2022, and the other half became exercisable on February 25, 2023.
F4	Fifty percent (50%) of the option award granted vested on January 2, 2022, upon the performance of certain company objectives. The remaining fifty percent (50%) of the option award vested on the one year anniversary of the vesting of the initial fifty percent (50%) of the option award.