Item 9B. Other Information
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Item 9B. Other Information
Our officers and directors (as defined in Rule 16a-1 under the Exchange Act) may, with our Board of Directors' approval, enter into plans for the purchase or sale of our Common Stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Other than as described below, during the three months ended December 31, 2024, none of the Company’s directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.
- Peter Zaffino, our Chairman & CEO, entered into a new trading plan on November 7, 2024. The plan’s maximum duration is until March 1, 2026, and the first trade may not occur prior to February 18, 2025, at the earliest. The trading plan is intended to permit Mr. Zaffino to exercise up to 325,000 stock options and immediately sell the acquired shares.
The Rule 10b5-1 trading arrangement described above was adopted and precleared in accordance with AIG’s Insider Trading Policy and actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in future Section 16 filings with the SEC.
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