8-KMaterial AgreementsExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Material Agreement (Jan 9, 2006)

Filed January 9, 2006For Securities:AIG

Summary

This Form 8-K filing by American International Group, Inc. (AIG) on January 9, 2006, primarily reports on a material definitive agreement related to executive compensation. Specifically, on January 6, 2006, AIG granted Steven J. Bensinger a special award of 23,780 Restricted Stock Units (RSUs). This event, while a routine part of executive compensation, is important for investors to note as it reflects on the company's equity-based incentive structures and potential future share dilution. The full details of the agreement are available as an exhibit to this filing, providing transparency on the terms and conditions of this RSU grant to a key individual within the organization.

Key Highlights

  • 1AIG granted Steven J. Bensinger a special award of 23,780 Restricted Stock Units (RSUs) on January 6, 2006.
  • 2The RSU award constitutes a material definitive agreement under SEC reporting rules.
  • 3The filing provides an exhibit (Exhibit 10.1) detailing the Special Restricted Stock Unit Award Agreement.
  • 4This event is reported under Section 1.01 (Entry into a Material Definitive Agreement) of Form 8-K.
  • 5The filing does not disclose any significant financial results or operational changes, focusing solely on the executive award.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report a material definitive agreement, specifically the grant of Restricted Stock Units (RSUs) to Steven J. Bensinger.

Restricted Stock Units (RSUs) are a form of equity compensation. They represent a promise by the company to grant an employee shares of company stock at a future date, typically after certain vesting conditions are met (e.g., continued employment for a specific period or achievement of performance targets).

For investors, this RSU grant represents a component of executive compensation that can lead to future share dilution. It also provides insight into how AIG is structuring its incentive programs for key personnel. Investors can review the attached agreement for specific vesting terms and conditions.

No, this specific Form 8-K filing does not contain any financial performance information or updates on AIG's business operations. Its sole focus is on the entry into a material definitive agreement concerning executive compensation.