Lindner Stephen Craig Jr 4

What Happened
Stephen C. Lindner Jr., a director of American Financial Group, received a grant/award of 3,389 restricted shares on February 26, 2026. The shares were granted at $0.00 per share (economic value recorded as $0 on acquisition); they are restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant (Form 4 code A).
• Date of transaction: 2026-02-26; Form 4 filed: 2026-03-02 (filed timely under the two-business-day rule).
• Shares granted: 3,389; acquisition price per share: $0.00; total cash paid: $0.
• Shares owned after transaction: not specified/disclosed in the filing.
• Footnotes of note: F1 — the granted restricted stock vests four years from the grant date. F2/F3 — some holdings are held in trusts for which the reporting person has voting/dispositive power and held for the benefit of his children. F4 — separate amounts are held as share-equivalents in the issuer’s retirement plan (statement dated 12/31/2025).
• No indication of a 10b5-1 plan, sale, or immediate disposition in the filing.

Context
Restricted stock grants are a common form of long-term compensation and typically cannot be sold until they vest; they do not represent an immediate purchase or sale in the open market. Such awards align executives/directors with shareholder outcomes over the vesting period but do not by themselves indicate the insider’s short-term market view.