Peter Zaffino - Jun 12, 2024 Form 4 Insider Report for AMERICAN INTERNATIONAL GROUP, INC. (AIG)

Role
Chairman & CEO, Director
Signature
/s/ Christina Banthin, by POA from Peter Zaffino
Stock symbol
AIG
Transactions as of
Jun 12, 2024
Transactions value $
-$14,904,432
Form type
4
Date filed
6/14/2024, 04:07 PM
Previous filing
Mar 29, 2024
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIG Common Stock Options Exercise $12.9M +200K +39.57% $64.53 705K Jun 12, 2024 Direct
transaction AIG Common Stock Sale -$67.6K -901 -0.13% $75.00 705K Jun 12, 2024 Direct F1
transaction AIG Common Stock Sale -$14.8M -199K -28.26% $74.52 505K Jun 12, 2024 Direct F2

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 Stock Option C (Right to Buy) Options Exercise -$12.9M -200K -100% $64.53 0 Jun 12, 2024 Common Stock 200K $64.53 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $74.95 to $75.03. The price reported above reflects the weighted average purchase 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 and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $73.94 to $74.94. The price reported above reflects the weighted average purchase 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 and prices at which the transaction was effected.
F3 This form reports the exercise of 200,000 employee stock options due to expire on July 24, 2024 and the sale of the acquired shares. The option exercises and sales were effected pursuant to a Rule 10b5-1 trading plan entered into by Mr. Zaffino on March 13, 2024. The stock options were granted under the AIG 2013 Omnibus Incentive Plan and vested on April 8, 2024.