AIG (NYSE: AIG) CEO Zaffino credited 5,464 RSU dividend equivalents in cash-settled award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN INTERNATIONAL GROUP, INC. Chairman & CEO Peter Zaffino reported an automatic compensation-related acquisition of derivative awards linked to the company’s common stock. He accrued 5,464 November 2022 RSU dividend equivalents, increasing his directly held related RSUs to 69,870.
The footnote explains these dividend equivalents are credited as additional restricted stock units that will vest on November 10, 2027 and will settle in cash rather than shares. This filing reflects routine executive compensation mechanics, not an open‑market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zaffino Peter
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | November 2022 RSUs Dividend Equivalents | 5,464 | $0.00 | -- |
Holdings After Transaction:
November 2022 RSUs Dividend Equivalents — 69,870 shares (Direct)
Footnotes (1)
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Key Figures
RSU dividend equivalents granted: 5,464 RSUs
RSUs after transaction: 69,870 RSUs
Vesting date: November 10, 2027
+1 more
4 metrics
RSU dividend equivalents granted
5,464 RSUs
Accrued as dividend equivalents on November 10, 2022 RSUs
RSUs after transaction
69,870 RSUs
Total restricted stock units following March 30, 2026 accrual
Vesting date
November 10, 2027
Vesting and cash settlement date for these RSU dividend equivalents
Transaction price per unit
$0.00
Grant/award acquisition; no cash paid by the insider
Key Terms
dividend equivalents, restricted stock units, settle in cash
3 terms
dividend equivalents financial
"reports the accrual of dividend equivalents on Mr. Zaffino's November 10, 2022 restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock units financial
"November 10, 2022 restricted stock units ("RSUs") in the form of additional RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
settle in cash financial
"additional RSUs which will vest on November 10, 2027 and settle in cash"
FAQ
What insider transaction did AIG Chairman & CEO Peter Zaffino report on this Form 4?
Peter Zaffino reported an automatic compensation-related acquisition of 5,464 RSU dividend equivalents. These awards are tied to AIG common stock and arose from dividend accruals on his November 10, 2022 restricted stock units, rather than an open-market trade.
How many AIG RSUs does Peter Zaffino hold after this dividend equivalent accrual?
After the transaction, Peter Zaffino holds 69,870 restricted stock units related to AIG. This total includes the 5,464 additional RSU dividend equivalents credited on March 30, 2026, reflecting accumulated dividends on his prior November 2022 RSU grant.
Are the AIG RSU dividend equivalents reported for Peter Zaffino settled in stock or cash?
The RSU dividend equivalents are scheduled to settle in cash. According to the filing, these additional restricted stock units will vest on November 10, 2027 and then be settled in cash, not by issuing new AIG common shares to the executive.
When will Peter Zaffino’s November 2022 AIG RSU dividend equivalents vest?
The dividend equivalents will vest on November 10, 2027. The filing notes that the additional RSUs accrue as dividend equivalents on his November 10, 2022 restricted stock units and share that same vesting date before ultimately settling in cash.