Zaffino Peter 4

What Happened

• Peter Zaffino, Chairman & CEO and a director of American International Group, Inc. (AIG), received two compensation awards reported on Feb 17, 2026: 274,163 shares reported as acquired at $0 (performance share units earned) and a grant of 205,495 derivative securities (2026 stock options) reported at $0. The Form 4 was filed on Feb 18, 2026.
• The performance share units reflect the Compensation and Management Resources Committee’s determination that PSU awards granted in 2023 were earned for the three‑year performance period ended Dec 31, 2025. The stock options are a grant (not an exercise) with no immediate cash proceeds.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely filing).
• Reported prices/values on Form 4: $0.00 for both the share award and the option grant (standard for awards/grants).
• Shares/derivatives received: 274,163 shares (performance share units converted/awarded); 205,495 stock options (derivative grant).
• Shares owned after the transaction: not provided in the excerpt supplied.
• Footnotes: F1 — PSU awards from 2023 were earned based on pre-established goals for 2023–2025. F2 — 2026 stock options vest ratably over three years on Feb 17, 2027; Feb 17, 2028; and Feb 17, 2029, subject to continued employment.
• Transaction type codes: A = Award/Grant; derivative = option grant (not an exercise).

Context

• These transactions are compensation-related awards (not open-market purchases or sales) and therefore reflect pay and incentive realization rather than a direct market bet by the insider. The performance shares were earned based on multi-year company performance; the stock options will vest over time.