Peter Zaffino - Feb 22, 2022 Form 4 Insider Report for AMERICAN INTERNATIONAL GROUP, INC. (AIG)

Role
Chairman & CEO, Director
Signature
/s/ Alanna Franco, attorney-in-fact
Stock symbol
AIG
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 03:19 PM
Previous filing
Jan 19, 2022
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIG Common Stock Options Exercise $0 +97.3K +108.63% $0.00 187K Feb 22, 2022 Direct F1

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 AIG 2022 Restricted Stock Units Award $0 +53.3K $0.00 53.3K Feb 22, 2022 Common Stock 53.3K Direct F2, F3
transaction AIG 2022 Stock Options (Right to Buy) Award $0 +196K $0.00 196K Feb 22, 2022 Common Stock 196K $61.61 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of AIG Common Stock represents the vesting of performance share units previously awarded to the reporting person in 2019 (2019 PSUs). The 2019 PSUs were earned as determined by AIG's Compensation and Management Resources Committee on February 22, 2022 based on pre-established performance goals for the three-year performance period ended December 31, 2021. The earned 2019 PSUs vested on January 1, 2022, and are settled in shares of AIG Common Stock on a 1-to-1 basis.
F2 The 2022 Restricted Stock Units (2022 RSUs) convert to AIG Common Stock on a 1-to-1 basis.
F3 Represents the grant of 2022 RSUs. One third of the 2022 RSUs vests on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment through each applicable vesting date, and such 2022 RSUs are settled in shares of AIG Common Stock.
F4 Represents the grant of 2022 Stock Options. One third of the 2022 Stock Options vests on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued employment through each applicable vesting date.