LINDNER S CRAIG 4

What Happened

• S. Craig Lindner, Co-CEO and a director of American Financial Group (AFG), was granted 11,294 shares of restricted common stock on February 26, 2026. The shares were issued at $0.00 (award), so no cash was paid; the reported acquisition value is $0. The award is recorded on a Form 4 filed March 2, 2026.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (timely filing).
• Transaction type: Award / grant of restricted stock (Form 4 code A).
• Shares granted: 11,294; purchase price: $0.00; total reported cash value: $0.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: Grant vests four years from the grant date (restricted stock with multi-year vesting).
  • F2–F7: Several holdings are reported indirectly through various trusts and trustees.
  • F8: Some shares are held in the company’s Retirement and Savings Plan (statement dated 12/31/25).
• Filing timeliness: filing appears timely (within the Form 4 two-business-day window).

Context

• This was an executive equity award (not an open-market purchase or sale). Restricted stock grants are common compensation and retention tools; they do not represent an immediate cash investment or sale. Because the shares vest over time, they generally reflect long-term incentive pay rather than an immediate signal about the executive’s view of the stock price.