AIG (AIG) CIO Navagamuwa settles 19,704 RSUs with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American International Group EVP and Chief Information Officer Roshan Navagamuwa settled a tranche of sign-on equity compensation and had shares withheld for taxes. He exercised 19,704 Sign-On Restricted Stock Units that vested on April 1, 2026, which were settled into an equal number of AIG common shares at no exercise price.
Of those shares, 10,059 common shares were withheld to cover tax obligations at a value of $75.56 per share, resulting in a non-market disposition. After these transactions, he directly owned 60,545 AIG common shares and continued to hold additional unvested RSUs, including 5,189 2026 RSUs, 11,657 RSUs, 3,522 2025 RSUs and 1,908 2024 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,704 shares exercised/converted
Mixed
3 txns
Insider
Navagamuwa Roshan
Role
EVP, Chief Info. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Sign-on Restricted Stock Units | 19,704 | $0.00 | -- |
| Exercise | Common Stock | 19,704 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,059 | $75.56 | $760K |
Holdings After Transaction:
Sign-on Restricted Stock Units — 0 shares (Direct);
Common Stock — 70,604 shares (Direct)
Footnotes (1)
- Represents the third and final tranche of Sign-On Restricted Stock Units ("RSUs") granted on December 11, 2023 that vested on April 1, 2026. The RSUs were settled in shares of AIG common stock. Represents shares withheld for the payment of taxes in connection with the settlement in AIG common stock of the Sign-On RSUs that vested on April 1, 2026. Includes (i) 5,189 2026 RSUs, (ii) 11,657 RSUs, (iii) 3,522 2025 RSUs and (iv) 1,908 2024 RSUs. The securities convert to AIG Common Stock on a 1-to-1 basis.
Key Figures
Sign-On RSUs vested: 19,704 units
Shares withheld for taxes: 10,059 shares
Shares held after transactions: 60,545 shares
+5 more
8 metrics
Sign-On RSUs vested
19,704 units
Third and final tranche vested on April 1, 2026
Shares withheld for taxes
10,059 shares
Withheld at $75.56 per share to cover tax obligations
Shares held after transactions
60,545 shares
Direct AIG common stock ownership following April 1, 2026 events
2026 RSUs remaining
5,189 units
Part of continuing unvested RSU awards held after transactions
Additional RSUs
11,657 RSUs
Separate RSU grant remaining unvested after April 1, 2026
2025 RSUs
3,522 units
Unvested RSUs scheduled for 2025
2024 RSUs
1,908 units
Unvested RSUs scheduled for 2024
Conversion ratio
1-to-1
Each RSU converts into one share of AIG common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, Sign-On RSUs, RSUs, +1 more
5 terms
Restricted Stock Units financial
"Represents the third and final tranche of Sign-On Restricted Stock Units ("RSUs") granted on December 11, 2023"
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Sign-On RSUs financial
"settlement in AIG common stock of the Sign-On RSUs that vested on April 1, 2026"
RSUs financial
"Includes (i) 5,189 2026 RSUs, (ii) 11,657 RSUs, (iii) 3,522 2025 RSUs and (iv) 1,908 2024 RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
1-to-1 basis financial
"The securities convert to AIG Common Stock on a 1-to-1 basis."