LINDNER CARL H III 4

What Happened
Carl H. Lindner III, Co-CEO and a director of American Financial Group (AFG), was granted 11,294 shares as a restricted stock award on February 26, 2026. The shares were acquired at $0.00 (i.e., an award/grant rather than a purchase), and per the filing the award vests four years from the grant date (see footnote F7). This is a compensation/retention award, not a market purchase or sale.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed timely).
• Transaction type/code: Award/Grant (A); price per share reported as $0.00.
• Shares granted: 11,294 restricted shares.
• Vesting: Restricted stock vests four years from the grant date (footnote F7).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes show indirect interests via family trusts and entities (F1–F6), including the Carl H. Lindner III Family Trust, Martha S. Lindner Family Trust, Seraphim Partners LLC (fka CHL Investments, LLC), and related trusts.

Context
Restricted stock awards are a form of compensation that typically vest over time and do not represent an immediate market purchase or sale. Indirect holdings noted in the filing mean some of the insider’s economic or voting interest may be held through trusts or entities rather than directly. This grant reflects company compensation practices rather than an immediate trading signal.