filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
AIG’s common stock, par value $2.50 per share (AIG Common Stock), is listed on the New York Stock Exchange (NYSE: AIG). There were approximately 19,509 stockholders of record of AIG Common Stock as of February 10, 2023.
Equity Compensation Plans
Our table of equity compensation plans will be included in the definitive proxy statement for AIG’s 2023 Annual Meeting of Shareholders. The definitive proxy statement will be filed with the SEC no later than 120 days after the end of AIG’s fiscal year pursuant to Regulation 14A.
Purchases of Equity Securities
The following table provides information about purchases made by or on behalf of AIG or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934 (the Exchange Act)) of AIG Common Stock during the three months ended December 31, 2022:
| Period | Total Number of Shares Repurchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) | ||||||||||||||||||||||
| October 1-31 | 4,698,357 | $ | 51.97 | 4,698,357 | $ | 4,329 | ||||||||||||||||||||
| November 1-30 | 3,793,917 | 60.21 | 3,793,917 | 4,101 | ||||||||||||||||||||||
| December 1-31 | 4,896,176 | 62.59 | 4,896,176 | 3,794 | ||||||||||||||||||||||
| Total | 13,388,450 | $ | 58.19 | 13,388,450 | $ | 3,794 |
On May 3, 2022, the Board of Directors authorized the repurchase of $6.5 billion of AIG Common Stock (inclusive of the approximately $1.5 billion of expected remaining authorization upon expiration of the then-current 10b5-1 Plan as of May 20, 2022). As of December 31, 2022, approximately $3.8 billion remained under the authorization.
For additional information on our share purchases, see Note 16 to the Consolidated Financial Statements.
| 40 | AIG | 2022 Form 10-K |
ITEM 5 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock Performance Graph
The following Performance Graph compares the cumulative total shareholder return on AIG Common Stock for a five-year period (December 31, 2017 to December 31, 2022) with the cumulative total return of the S&P’s 500 stock index (which includes AIG), the S&P Property and Casualty Insurance Index and the S&P Life and Health Insurance Index.
Value of $100 Invested on December 31, 2017
(All $ as of December 31st)
Dividend reinvestment has been assumed and returns have been weighted to reflect relative stock market capitalization.
| As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
| AIG | $ | 100.00 | $ | 67.91 | $ | 90.72 | $ | 69.62 | $ | 107.16 | $ | 121.89 | |||||||||||||||||||||||||||||||||||||||||
| S&P 500 | 100.00 | 95.62 | 125.72 | 148.85 | 191.58 | 156.88 | |||||||||||||||||||||||||||||||||||||||||||||||
| S&P 500 Property & Casualty Insurance Index | 100.00 | 95.31 | 119.97 | 128.31 | 153.05 | 181.93 | |||||||||||||||||||||||||||||||||||||||||||||||
| S&P 500 Life & Health Insurance | 100.00 | 79.23 | 97.60 | 88.35 | 120.76 | 133.25 |
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