Hertzman Brian S. 4
4 · AMERICAN FINANCIAL GROUP INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
AFG CFO Brian Hertzman Sells 1,663 Shares; Receives Restricted Award
What Happened Brian S. Hertzman, Senior Vice President and Chief Financial Officer of American Financial Group (AFG), reported two transactions: an award of 3,163 restricted shares on 2026-02-26 (granted at $0.00) and an open-market/private sale of 1,663 shares on 2026-02-27 at $133.70 each for proceeds of $222,346. The restricted stock award will vest four years from the grant date (see footnote F1). The sale was a disposition of existing shares rather than a purchase.
Key Details
- Transaction dates and prices:
- 2026-02-26: Award (restricted stock) — 3,163 shares, $0.00 (grant; vests in 4 years) [F1].
- 2026-02-27: Sale (open market/private) — 1,663 shares @ $133.70, total $222,346.
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes:
- F1: Restricted stock vests four years from grant date.
- F2–F4: Filing references shares held in the company ESPP, Dividend Reinvestment Plan, and retirement plan based on statements dated 12/31/2025 (no counts included here).
- Timeliness: Form 4 was filed 2026-03-02 for transactions on 2026-02-26/27; the filing appears timely (not reported as late).
Context
- The award is restricted stock that will vest over time (a retention/compensation award), not an immediate cash purchase. The sale was a disposition of existing shares; such sales by executives are often routine portfolio management but do not, by themselves, indicate company outlook. Purchases tend to be stronger signals of insider confidence; this filing shows an award plus a routine sale.
Insider Transaction Report
Form 4
Hertzman Brian S.
SVP, CFO
Transactions
- Award
Common Stock
[F1]2026-02-26+3,163→ 13,736 total - Sale
Common Stock
2026-02-27$133.70/sh−1,663$222,346→ 12,073 total
Holdings
- 1,853.805(indirect: ESPP)
Common Stock
[F2] - 71.709(indirect: DRIP)
Common Stock
[F3] - 3,955.735(indirect: By 401(k))
Common Stock
[F4]
Footnotes (4)
- [F1]Represents grant of restricted stock that vests four years from the date of grant.
- [F2]Shares owned by the reporting Person in the Issuer's Employee Stock Purchase Plan (the "ESPP"). All ESPP information reporting herein is based on a plan statement dated as of 12/31/2025.
- [F3]Represents shares held in the Company's Dividend Reinvestment Plan based on plan statement dated as of 12/31/2025.
- [F4]Represents amounts held by the Reporting Person in the Issuer's retirement plan based on a statement dated 12/31/2025. Each share is the economic equivalent of one share of common stock. Upon termination of employment or earlier, if so elected, the Reporting Person's account balances may be distributed, at the option of the Issuer, either in cash or in shares of the Issuer's common stock.
Signature
Brian S. Hertzman By: Joseph C. Alter, as Attorney-in-Fact|2026-03-02