Peter Zaffino, the former officer of American International Group, Inc. (AIG), has sold 475,030 shares of the company’s common stock. The sale is valued at approximately $38 million and was reported in a recent SEC filing.

This transaction is significant as it highlights ongoing changes in executive stock management and compensation practices within the insurance industry. As companies like AIG navigate their executive compensation strategies, such stock sales can impact investor perceptions and corporate governance.

Background

American International Group, Inc., known by its ticker AIG, operates in the fire, marine, and casualty insurance sector. The company is incorporated in Delaware and has its fiscal year ending on December 31. Zaffino’s recent filing is part of a series of transactions involving his stock holdings in AIG.

What the Filing Says

The SEC filing, accession number 0001969223-26-001130, indicates that Zaffino sold 475,030 shares on November 5, 2026, following a stock option exercise. The filing states, "The nature of acquisition transaction is a Stock Option Exercise." This indicates that Zaffino exercised options to acquire shares before selling them.

Impact

This sale may affect AIG's stock performance and investor sentiment, as large transactions by executives can signal confidence or concerns about the company’s future. The filing also notes that Zaffino had previously sold shares in the weeks leading up to this transaction, indicating a pattern of stock liquidation.

What's Next

The filing does not say what happens next regarding Zaffino's remaining stock holdings or any future transactions.