Former AIG CEO/Director Peter Zaffino Files Form 144 to Sell $40.3M in Common Stock

Executive Summary

On October 16, 2026, Peter Zaffino, identified as a Former Officer and Director of American International Group, Inc. ($AIG), filed a Form 144 notice proposing to sell 509,446 shares of Common Stock with an estimated aggregate market value of $40,307,367.52. The transaction represents an approximate share price of $79.12 and is executed under a pre-established Rule 10b5-1 trading plan adopted on May 9, 2026.

Transaction & Acquisition Details

• Security: Common Stock
• Proposed Sale Volume: 509,446 shares
• Market Value: $40,307,367.52
• Shares Outstanding: 522,893,169 (sale represents ~0.10% of total shares outstanding)
• Acquisition Nature: Exercise of Stock Options directly from the issuer, paid in cash
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
• Plan Adoption: Rule 10b5-1 plan entered into on May 9, 2026

Recent Selling Activity (Past 3 Months)

Prior to this notice, the insider completed two sales under Rule 10b5-1 plans:

• August 12, 2026: 200,000 shares for gross proceeds of $15,294,280.00
• August 13, 2026: 36,829 shares for gross proceeds of $2,804,053.26
• Total Past 3 Months: 236,829 shares sold for ~$18.10 million

Market Impact & Significance

The filing is classified as High significance primarily due to the large dollar amount ($40.3M proposed sale, combined with over $18.1M in recent liquidations) by a former key leadership figure. However, the selling pressure is mitigated by the fact that transactions are structured via a pre-scheduled Rule 10b5-1 plan adopted months in advance and are tied to option exercises rather than sudden discretionary selling.