Hertzman Brian S. 4

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.