Fry Charles 4

What Happened

• Charles Fry, Executive Vice President, Reinsurance & Risk Capital Optimization at American International Group (AIG), had 2,108 shares issued on Feb 21, 2026 when a derivative/RSU award converted to common stock. The reported price per share was $0.00 because this was a vesting/settlement of restricted stock units (RSUs), not an open-market purchase or sale.
• The Form 4 shows an "acquired" entry of 2,108 shares and a corresponding "disposed" entry for 2,108 derivative units — this reflects conversion/settlement of the derivative instrument into 1-to-1 shares.

Key Details

• Transaction date: 2026-02-21; Form 4 filed: 2026-02-23 (filed two days after the transaction).
• Transaction code: M (exercise/conversion of a derivative instrument); price reported: $0.00.
• Shares acquired: 2,108 common shares via RSU settlement. No cash changed hands.
• Shares owned after transaction: Not explicitly disclosed in the filing.
• Footnotes:
  • F1: These 2,108 shares represent the third and final tranche of 2023 RSUs granted 2/21/2023 that vested 2/21/2026 and were settled in AIG common stock.
  • F2: The derivative securities convert to AIG common stock on a 1-to-1 basis.
  • F3: Filing references other outstanding RSUs (7,083 2026 RSUs; 4,390 2025 RSUs; 6,690 RSUs; 2,446 2024 RSUs).
• Timing: Filing appears timely (reported two days after the transaction); no 10b5-1 plan, tax withholding, or sale of the underlying shares noted in this filing.

Context

• This was a standard RSU vesting/settlement (an award being converted into shares), not an open-market buy or a cashless sale. Such transactions generally reflect routine compensation vesting rather than a market directional bet by the insider.
• The derivative "disposed" entry simply records that the derivative instrument was converted/settled; it is not a sale of the newly issued common shares.