James L. Hamalainen - Sep 19, 2023 Form 4 Insider Report for AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (AEL)

Role
EVP & Chief Investment Officer
Signature
/s/ Mark A. Schuman, authorized signer
Stock symbol
AEL
Transactions as of
Sep 19, 2023
Transactions value $
-$2,212,326
Form type
4
Date filed
9/20/2023, 09:17 PM
Previous filing
Sep 18, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEL Common Stock Options Exercise $1.8M +66.5K +345.87% $27.05 85.7K Sep 19, 2023 Direct
transaction AEL Common Stock Options Exercise $425K +15.5K +18.1% $27.40 101K Sep 19, 2023 Direct
transaction AEL Common Stock Sale -$4.44M -82K -81.01% $54.11 19.2K Sep 19, 2023 Direct F1
holding AEL Common Stock 1.37K Sep 19, 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 -66.5K -100% $0.00* 0 Sep 19, 2023 Common Stock 66.5K $27.05 Direct F2
transaction AEL Options - Right to Buy Options Exercise $0 -15.5K -66.67% $0.00 7.75K Sep 19, 2023 Common Stock 15.5K $27.40 Direct F3
* 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 $54.06 to $54.23. 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 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.
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.