Navagamuwa Roshan 4

What Happened

• Roshan Navagamuwa, EVP and Chief Information Officer of AIG, had a tranche of sign-on Restricted Stock Units (RSUs vest and convert to common stock) on April 1, 2026. 19,704 shares were issued on conversion (reported as exercise/conversion of a derivative). To cover tax withholding, 10,059 of those shares were surrendered/sold at $75.56 per share, generating ~$760,058. After withholding, Navagamuwa retained approximately 9,645 AIG shares (net value ≈ $729k at $75.56).

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (filed the next day).
• Converted/issued: 19,704 shares (reported as derivative exercise/conversion, code M).
• Shares withheld/disposed for taxes: 10,059 shares at $75.56 each = $760,058 (code F).
• Net shares retained: ~9,645 shares (19,704 − 10,059).
• Footnotes: F1 — third/final tranche of Sign‑On RSUs (granted 12/11/2023) vested 4/1/2026 and were settled in common stock; F2 — shares withheld to pay taxes; F3 — breakdown of RSU components included; F4 — securities convert 1‑for‑1 to AIG common stock.
• Filing appears timely (one day after the vesting/settlement).

Context

• This was a scheduled RSU vesting and settlement, not an open‑market purchase; the disposition was routine tax withholding, not a market sale indicating a view on the stock. In Form 4 reporting, code M indicates conversion/exercise of derivative securities (here, RSUs converting to common stock) and code F denotes share withholding/payment to cover tax obligations.