Schaper Christopher 4

What Happened Christopher Schaper, EVP and Chief Risk Officer of American International Group, Inc. (AIG), had the third and final tranche of his 2023 restricted stock units (RSUs) vest on February 21, 2026. The filing shows a conversion/exercise of a derivative (code M) resulting in acquisition of 2,365 shares at $0.00 and a corresponding derivative disposal entry (also 2,365 units at $0.00) — reflecting the RSUs converting into AIG common stock on a 1-for-1 basis. No open-market sale of the resulting shares is reported in this filing.

Key Details

• Transaction date: February 21, 2026; Form 4 filed February 23, 2026.
• Reported price: $0.00 (RSUs vested and were settled in shares; no purchase price paid).
• Shares acquired: 2,365 shares (via RSU settlement/conversion).
• Shares disposed: 2,365 derivative units disposed at $0.00 (represents conversion of the RSU derivative).
• Shares owned after transaction: not explicitly stated in the transaction line; footnote F3 lists outstanding RSU counts by grant year (5,838 2026 RSUs; 3,962 2025 RSUs; 6,690 RSUs; and 2,148 2024 RSUs).
• Relevant footnotes:
  • F1: This was the third and final tranche of 2023 RSUs granted Feb 21, 2023 that vested Feb 21, 2026 and were settled in common stock.
  • F2: Securities convert to AIG common stock on a 1-to-1 basis.
  • F3: Breakout of other RSU holdings by grant year.
• Filing timeliness: Filed promptly (transaction date 2/21/2026; Form 4 filed 2/23/2026).

Context This transaction is a routine RSU vesting/settlement — a conversion of a derivative award into common shares — not an open-market purchase or sale. Because the filing reports $0 consideration, no cash changed hands for the conversion itself. Such vested-award settlements reflect compensation realization rather than a directional insider buy or sell signal.