Jeffrey D. Lorenzen - Sep 21, 2023 Form 4 Insider Report for AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (AEL)

Signature
/s/ Mark A. Schuman, authorized signer
Stock symbol
AEL
Transactions as of
Sep 21, 2023
Transactions value $
-$3,115,063
Form type
4
Date filed
9/25/2023, 06:54 PM
Previous filing
Mar 1, 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 $357K +11.3K +21.87% $31.63 63K Sep 21, 2023 Direct
transaction AEL Common Stock Options Exercise $432K +15.8K +25.02% $27.40 78.7K Sep 21, 2023 Direct
transaction AEL Common Stock Options Exercise $1.34M +49.6K +62.96% $27.05 128K Sep 21, 2023 Direct
transaction AEL Common Stock Sale -$4.13M -76.6K -59.72% $53.85 51.7K Sep 21, 2023 Direct F1
transaction AEL Common Stock Sale -$1.12M -20.8K -40.2% $53.87 30.9K Sep 21, 2023 Direct F2
holding AEL Common Stock 14K Sep 21, 2023 By ESOP F3

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 -11.3K -100% $0.00* 0 Sep 21, 2023 Common Stock 11.3K $31.63 Direct F4
transaction AEL Options - Right to Buy Options Exercise $0 -15.8K -66.67% $0.00 7.88K Sep 21, 2023 Common Stock 15.8K $27.40 Direct F5
transaction AEL Options - Right to Buy Options Exercise $0 -49.6K -100% $0.00* 0 Sep 21, 2023 Common Stock 49.6K $27.05 Direct F6
* 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 $53.74 to $53.91. The price reported in column 4 is an 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 $53.83 to $53.92. The price reported in column 4 is an 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 Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
F4 Fifty percent (50%) of the option award granted vested on June 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.
F5 An award of stock options pursuant to the American Equity Investment Life Holding Company Amended and Restated Equity Incentive Plan, 1/3 of which vest one year from date of grant; 1/3 vest two years from date of grant and 1/3 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.
F6 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.