| ![]() ![]() Douglas M. Steenland Independent Chairman of the Board | | | ![]() ![]() Brian Duperreault President and Chief Executive Officer | |
| Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on May 21, 2019. The Proxy Statement and 2018 Annual Report to Shareholders and other Soliciting Material are available in the Investors section of AIG’s corporate website at www.aig.com. | |
| | | 11:00 a.m. on | | |
| | | 175 Water Street, New York, New York 10038. | | |
| | | This Proxy Statement, | | |
| | | • To elect the | ||
• To vote, on a non-binding advisory basis, to approve executive compensation; | • To vote, on a non-binding advisory basis, on the frequency of future executive compensation votes; | ||||
• To act upon a proposal to ratify the selection of PricewaterhouseCoopers LLP as AIG’s independent registered public accounting firm for • To consider a shareholder proposal to give shareholders who hold at least 10 percent of our outstanding common stock the right to call special meetings; and | |||||
• To transact any other business that may properly come before the meeting. | | ||||
| | | You can vote if you were a shareholder of record at the close of business on March | | |
| | | A list of the shareholders of record as of March | | |
| | | Additional information regarding the matters to be acted on at the meeting is included in this proxy statement. | | |
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| SECTION 16(a) BENEFICIAL OWNERSHIP REPORTINGCOMPLIANCE | | | | | | | |
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| PROPOSAL 2—NON-BINDING ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | | | | | | |
| PROPOSAL 3—non-binding advisory VOTE on thefrequency of future executive compensationvotes | | | | | | | |
| REPORT OF AUDIT COMMITTEE AND RATIFICATION OFSELECTION OF ACCOUNTANTS | | | | | | | |
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| PROPOSAL 4—RATIFICATION OF SELECTION OFPRICEWATERHOUSECOOPERS LLP | | | | | | | |
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| PROPOSAL 5—SHAREHOLDER PROPOSAL ON SPECIALSHAREHOLDER MEETINGS | | | | | | | |
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| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION | | | | | | | |
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A-1 | | |
Matter | | | Board Vote Recommendation | | | For More Information, see: | | |
| Management Proposals | | ||||||
| 1. Election of | | | FOR EACH DIRECTOR NOMINEE | | | Proposal 1—Election of Directors, page | |
| 2. Advisory vote on executive compensation | | | FOR | | | Proposal 2—Non-Binding Advisory Vote to Approve Executive Compensation, page | |
| 3. Advisory vote on the frequency of future executive compensation votes | | | ANNUAL | | | Proposal 3—Non-Binding Advisory Vote on the Frequency of Future Executive Compensation Votes, page 81 | |
| 4. Ratification of PricewaterhouseCoopers LLP as our independent registered public accounting firm for | | | FOR | | | Proposal | |
| Shareholder Proposal | | ||||||
| 5. Shareholder proposal to give shareholders who hold at least 10 percent of our outstanding common stock the right to call special meetings | | | AGAINST | | | Proposal 5—Shareholder Proposal on Special Shareholder Meetings, page 87 | |
Name | | | Age | | | Director Since | | | Occupation/Background | | | Indepen- dent | | | Other Public Boards | | | Current Committee Memberships(1) | |
W. Don Cornwell | | | 70 | | | 2011 | | | Former Chairman and CEO of Granite Broadcasting Corporation | | | ✓ | | | Avon Products, Inc.; Pfizer Inc. | | | CMRC (Chair) NCGC | |
Brian Duperreault | | | 70 | | | 2017 | | | President and CEO of AIG | | | | | | Johnson Controls International plc | | | | |
John H. Fitzpatrick | | | 61 | | | 2011 | | | Former Secretary General of The Geneva Association; Former Chief Financial Officer, Head of the Life and Health Reinsurance Business Group and Head of Financial Services of Swiss Re | | | ✓ | | | | | | RCC (Chair) Audit | |
William G. Jurgensen | | | 66 | | | 2013 | | | Former CEO of Nationwide Insurance | | | ✓ | | | Lamb Weston Holdings, Inc. | | | Audit (Chair) RCC | |
Christopher S. Lynch | | | 60 | | | 2009 | | | Former National Partner in Charge of Financial Services of KPMG LLP | | | ✓ | | | Federal Home Loan Mortgage Corporation | | | NCGC (Chair) RCC Tech | |
Henry S. Miller | | | 72 | | | 2010 | | | Chairman of Marblegate Asset Management, LLC; Former Chairman and Managing Director of Miller Buckfire & Co., LLC | | | ✓ | | | The Interpublic Group of Companies, Inc. | | | RCC Regulatory | |
Linda A. Mills | | | 68 | | | 2015 | | | Former Corporate Vice President of Operations of Northrop Grumman Corporation | | | ✓ | | | Navient Corporation | | | Audit CMRC Tech | |
Suzanne Nora Johnson | | | 60 | | | 2008 | | | Former Vice Chairman of The Goldman Sachs Group, Inc. | | | ✓ | | | Intuit Inc.; Pfizer Inc.; Visa Inc. | | | CMRC NCGC Tech | |
Ronald A. Rittenmeyer | | | 70 | | | 2010 | | | Executive Chairman and CEO of Tenet Healthcare Corporation; Former Chairman and CEO of Millennium Health, LLC; Former Chairman, CEO and President of Electronic Data Systems Corporation | | | ✓ | | | Avaya Holdings Corp.; IQVIA Holdings Inc.; Tenet Healthcare Corporation | | | Tech (Chair) Audit CMRC | |
Douglas M. Steenland | | | 66 | | | 2009 | | | Former President and CEO of Northwest Airlines Corporation | | | ✓ | | | Hilton Worldwide Holdings Inc.; Performance Food Group Company; Travelport Worldwide Limited | | | (2) | |
Theresa M. Stone | | | 73 | | | 2013 | | | Former Executive Vice President and Treasurer of the Massachusetts Institute of Technology; Former Executive Vice President and Chief Financial Officer of Jefferson-Pilot Corporation; Former President of Chubb Life Insurance Company | | | ✓ | | | | | | Regulatory (Chair) Audit | |
| Name | | | Age | | | Director Since | | | Occupation/Background | | | Independent | | | Other Public Boards | | | Current Committee Memberships(1) | |
| W. Don Cornwell | | | 71 | | | 2011 | | | Former Chairman and CEO of Granite Broadcasting Corporation | | | ✔ | | | Avon Products, Inc.; Pfizer Inc. | | | CMRC (Chair) NCGC | |
| Brian Duperreault | | | 71 | | | 2017 | | | President and CEO of AIG | | | | | | | | | | |
| John H. Fitzpatrick | | | 62 | | | 2011 | | | Former Secretary General of The Geneva Association; Former Chief Financial Officer, Head of the Life and Health Reinsurance Business Group and Head of Financial Services of Swiss Re | | | ✔ | | | | | | RCC (Chair) Audit | |
| William G. Jurgensen | | | 67 | | | 2013 | | | Former CEO of Nationwide Insurance | | | ✔ | | | Lamb Weston Holdings, Inc. | | | Audit (Chair) RCC | |
| Christopher S. Lynch | | | 61 | | | 2009 | | | Former National Partner in Charge of Financial Services of KPMG LLP | | | ✔ | | | | | | NCGC (Chair) RCC Tech | |
| Henry S. Miller | | | 73 | | | 2010 | | | Chairman of Marblegate Asset Management, LLC; Former Chairman and Managing Director of Miller Buckfire & Co., LLC | | | ✔ | | | The Interpublic Group of Companies, Inc. | | | CMRC RCC | |
| Linda A. Mills | | | 69 | | | 2015 | | | Former Corporate Vice President of Operations of Northrop Grumman Corporation | | | ✔ | | | Navient Corporation | | | Audit CMRC Tech | |
| Thomas F. Motamed | | | 70 | | | 2019 | | | Former Chairman and CEO of CNA Financial Corporation | | | ✔ | | | | | | CMRC RCC | |
| Suzanne Nora Johnson | | | 61 | | | 2008 | | | Former Vice Chairman of The Goldman Sachs Group, Inc. | | | ✔ | | | Intuit Inc.; Pfizer Inc.; Visa Inc. | | | NCGC RCC Tech | |
| Peter R. Porrino | | | 62 | | | N/A | | | Former Executive Vice President and Chief Financial Officer of XL Group Ltd | | | ✔ | | | | | | N/A | |
| Amy L. Schioldager | | | 56 | | | N/A | | | Former Senior Managing Director and Global Head of Beta Strategies at BlackRock, Inc. | | | ✔ | | | | | | N/A | |
| Douglas M. Steenland | | | 67 | | | 2009 | | | Former President and CEO of Northwest Airlines Corporation | | | ✔ | | | Hilton Worldwide Holdings Inc.; Travelport Worldwide Limited | | | (2) | |
| Therese M. Vaughan | | | 62 | | | N/A | | | Former CEO of the National Association of Insurance Commissioners; Visiting Distinguished Professor and Former Dean of the College of Business and Public Administration at Drake University | | | ✔ | | | Verisk Analytics, Inc.; West Bancorporation, Inc.(3) | | | N/A | |
| INDEPENDENT DIRECTOR NOMINEE EXPERIENCE | |
| ![]() | |
| AIG has a highly engaged Board with balanced tenure and substantial and diverse expertise necessary to evaluate and oversee strategy and performance. | |
| Independent Chairman is required in AIG’s By-laws. | |
| Independent Chairman role is clearly defined, and the Chairman generally does not serve longer than a five-year term. | |
| Directors are elected annually by a majority of votes cast (in uncontested elections). | |
| All directors are independent (except CEO). | |
| Former AIG CEOs cannot serve on the Board. | |
| Directors’ interests are aligned with those of our shareholders through robust stock ownership requirements. | |
| ✔ The Board, through the Nominating and Corporate Governance Committee, conducts annual evaluations of the Board and individual directors, and all Board Committees conduct annual self-evaluations. | |
| No director attending less than | |
| Directors generally may not stand for election after reaching age 75. | |
| All directors may contribute to the agenda for Board meetings. | |
| The Board Committee structure is organized around key strategic issues and designed to facilitate dialogue and efficiency. | |
| Board Committee Chairs generally do not serve longer than a five-year term. | |
| The Board provides strong risk management oversight including through the Risk and Capital Committee, Audit Committee and other Board Committees. | |
| AIG has an extensive shareholder engagement program with director participation. | |
| AIG’s By-laws include a proxy access right for shareholders. | |
| ✔ AIG’s By-laws provide shareholders the ability to call a special meeting. | |
| What We Heard | | | ||||
| • | | | • | | ||
| • | | | • | • Committee largely exercised negative discretion to reduce 2018 short-term incentive awards to reflect our absolute performance and shareholder return in 2018 | | |
| • | | | • | | ||
| • | | | • | | ||
| • | | | • | | ||
| • | | | • | |
| | | | Annual Base Salary | | | Target Short-Term Incentive | | | Target Long-Term Incentive | | | Target Total Direct Compensation | | ||||||||||||
| Brian Duperreault President and Chief Executive Officer | | | | $ | 1,600,000 | | | | | $ | 3,200,000 | | | | | $ | 11,200,000 | | | | | $ | 16,000,000 | | |
| CEO ANNUAL TARGET TOTAL DIRECT COMPENSATION | |
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2017 Earned Performance-Based Compensation (% of Target) | | |||||||||
Named Executive Officer | | | 2017 Short-Term Incentive Cash, earned based on company and individual performance | | | 2015-2017 Long-Term Incentive Equity, earned based on relative total shareholder return (75%) and final credit default swap spread (25%) | | |||
Brian Duperreault | | | | | 100% | | | | Not a Participant (Joined AIG in 2017) | |
Siddhartha Sankaran | | | | | 92% | | | | 25% | |
Douglas A. Dachille | | | | | 110% | | | | 25% | |
Kevin T. Hogan | | | | | 110% | | | | 25% | |
Peter Zaffino | | | | | 95% | | | | Not a Participant (Joined AIG in 2017) | |
| Named Executive Officer | | | 2018 Short-Term Incentive Cash, earned based on quantitative business metrics and individual performance | | | 2016-2018 Long-Term Incentive Equity, earned based on relative total shareholder return | |
| Brian Duperreault | | | 95% | | | Not a Participant (Joined AIG in 2017) | |
| Mark D. Lyons | | | 95% | | | Not a Participant (Joined AIG in 2018) | |
| Peter Zaffino | | | 95% | | | Not a Participant (Joined AIG in 2017) | |
| Douglas A. Dachille | | | 95% | | | 0% | |
| Kevin T. Hogan | | | 95% | | | 0% | |
| ![]() | |
| ![]() ![]() Director since: 2011 Age: 71 Committees: • Compensation and Management Resources (Chair) • Nominating and Corporate Governance Other Directorships: • Current: Avon Products, Inc.; Pfizer Inc. | | | W. DON CORNWELL | Former Chairman of the Board and Chief Executive Officer of Granite Broadcasting Corporation | ||||
CAREER HIGHLIGHTS Mr. Cornwell is the former Chairman of the Board and Chief Executive Officer of Granite Broadcasting Corporation, serving from 1988 until his retirement in August 2009, and Vice Chairman until December 2009. Mr. Cornwell spent 17 years at Goldman, Sachs & Co. where he served as Chief Operating Officer of the Corporate Finance Department from 1980 to 1988 and Vice President of the Investment Banking Division from 1976 to 1988. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Cornwell’s experience in finance and strategic business transformations, as well as his professional experience across the financial services industry, AIG’s Board has concluded that Mr. Cornwell should be re-elected to the Board. | | ||||||||
| ![]() ![]() Director since: 2017 Age: Other Directorships: • Controls International plc International, plc) | | | BRIAN DUPERREAULT | President and Chief Executive Officer of AIG | ||||
CAREER HIGHLIGHTS Mr. Duperreault has been AIG’s President and Chief Executive Officer since May 2017, when he also joined the Board of Directors. Previously, Mr. Duperreault was the Chief Executive Officer of Hamilton Insurance Group, Ltd. (Hamilton), a Bermuda-based holding company of property and casualty insurance and reinsurance operations in Bermuda, the U.S. and the UK, from December 2013 to May 2017, and served as Chairman of Hamilton from February 2016 to May 2017. He served as President and Chief Executive Officer of Marsh & McLennan Companies, Inc. from February 2008 until his retirement in December 2012. Before joining Marsh & McLennan Companies, he served as non-executive Chairman of ACE Limited from 2006 through the end of 2007 and as Chief Executive Officer from October 1994 to May 2004. Prior to joining ACE, Mr. Duperreault served in various senior executive positions with AIG and its affiliates from 1973 to 1994. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Duperreault’s deep experience in the insurance industry, his history with AIG and his management of large, complex, international institutions, AIG’s Board has concluded that Mr. Duperreault should be re-elected to the Board. | |
| ![]() ![]() Director since: 2011 Age: Committees: • Risk and Capital (Chair) • Audit Other Directorships: • None | | | JOHN H. FITZPATRICK | Former Secretary General of The Geneva Association; Former Chief Financial Officer, Head of the Life and Health Reinsurance Business Group and Head of Financial Services of Swiss Re | ||||
CAREER HIGHLIGHTS Mr. Fitzpatrick has been Chairman of Oak Street Management Co., LLC, an insurance/management consulting company, and Oak Family Advisors, LLC, a registered investment advisor, since 2010. He was Chairman of White Oak Global Advisors LLC, an asset management firm lending to small and medium sized companies, from September 2015 to September 2017. In 2014, Mr. Fitzpatrick completed a two-year term as Secretary General of The Geneva Association. From 2006 to 2010, he was a partner at Pension Corporation and a director of Pension Insurance Corporation Ltd. From 1998 to 2006, Mr. Fitzpatrick was a member of Swiss Re’s Executive Board Committee and served at Swiss Re as Chief Financial Officer, Head of the Life and Health Reinsurance Business Group and Head of Financial Services. From 1996 to 1998, Mr. Fitzpatrick was a partner in insurance private equity firms sponsored by Zurich Financial Services, Credit Suisse and Swiss Re. From 1990 to 1996, Mr. Fitzpatrick served as the Chief Financial Officer and a Director of Kemper Corporation, a New York Stock Exchange (NYSE)-listed insurance and financial services organization where he started his career in corporate finance in 1978. Mr. Fitzpatrick is a Certified Public Accountant and a Chartered Financial Analyst. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Fitzpatrick’s broad experience in the insurance and reinsurance industry, as well as his professional experience in insurance policy and regulation, AIG’s Board has concluded that Mr. Fitzpatrick should be re-elected to the Board. | |
| ![]() ![]() Director since: 2013 Age: Committees: • Audit (Chair) • Risk and Capital Other Directorships: • Current: Lamb Weston Holdings, Inc. • Former (past 5 years): Conagra Foods, Inc. | | | WILLIAM G. JURGENSEN | Former Chief Executive Officer of Nationwide Insurance | ||||
CAREER HIGHLIGHTS Mr. Jurgensen is the former Chief Executive Officer of Nationwide Mutual Insurance Company and Nationwide Financial Services, Inc., serving from May 2000 to February 2009. During this time, he also served as director and Chief Executive Officer of several other companies within the Nationwide enterprise. Prior to his time in the insurance industry, he spent 27 years in the commercial banking industry. Before joining Nationwide, Mr. Jurgensen was an Executive Vice President with BankOne Corporation (now a part of JPMorgan Chase & Co.) where he was responsible for corporate banking products, including capital markets, international banking and cash management. He managed the merger integration between First Chicago Corporation and NBD Bancorp, Inc. and later was Chief Executive Officer for First Card, First Chicago’s credit card subsidiary. At First Chicago, he was responsible for retail banking and began his career there as Chief Financial Officer in 1990. Mr. Jurgensen started his banking career at Norwest Corporation (now a part of Wells Fargo & Company) in 1973. The majority of Mr. Jurgensen’s career has involved capital markets, securities trading and investment activities, with the balance in corporate banking. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Jurgensen’s experience in insurance, financial services and risk management, AIG’s Board has concluded that Mr. Jurgensen should be re-elected to the Board. | |
| ![]() ![]() Director since:2009 Age: Committees: • Nominating and Corporate Governance (Chair) • Risk and Capital • Technology Other Directorships: • Loan Mortgage Corporation | | | CHRISTOPHER S. LYNCH | Former National Partner in Charge of Financial Services of KPMG LLP | ||||
CAREER HIGHLIGHTS Mr. Lynch has been an independent consultant since 2007, providing a variety of services to public and privately held companies, including enterprise strategy, corporate restructuring, risk management, governance, financial accounting and regulatory reporting, and troubled-asset management. Prior to that, Mr. Lynch was the former National Partner in Charge of KPMG LLP’s Financial Services Line of Business. He held a variety of positions with KPMG over his KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Lynch’s experience in finance, accounting and risk management and strategic business transformations, as well as his professional experience across the financial services industry, AIG’s Board has concluded that Mr. Lynch should be re-elected to the Board. | |
| ![]() ![]() Director since:2010 Age: Committees: • Compensation and • Risk and Capital Other Directorships: • Current: The Interpublic Group of Companies, Inc. • Former (past 5 years): Ally Financial Inc. | | | HENRY S. MILLER | Chairman of Marblegate Asset Management, LLC; Former Chairman and Managing Director of Miller Buckfire & Co., LLC | ||||
CAREER HIGHLIGHTS Mr. Miller co-founded and has been Chairman of Marblegate Asset Management, LLC since 2009. Mr. Miller was co-founder, Chairman and a Managing Director of Miller Buckfire & Co., LLC, an investment bank, from 2002 to 2011 and Chief Executive Officer from 2002 to 2009. Prior to founding Miller Buckfire & Co., LLC, Mr. Miller was Vice Chairman and a Managing Director at Dresdner Kleinwort Wasserstein and its predecessor company Wasserstein Perella & Co., where he served as the global head of the firm’s financial restructuring group. Prior to that, Mr. Miller was a Managing Director and Head of both the Restructuring Group and Transportation Industry Group of Salomon Brothers Inc. From 1989 to 1992, Mr. Miller was a managing director and, from 1990 to 1992, co-head of investment banking at Prudential Securities. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Miller’s experience in strategic business transformations as well as his professional experience across the financial services industry, AIG’s Board has concluded that Mr. Miller should be re-elected to the Board. | |
| ![]() ![]() Director since:2015 Age: Committees: • Audit • Compensation and Management Resources • Technology Other Directorships: • Current: Navient Corporation | | | LINDA A. MILLS | Former Corporate Vice President of Operations of Northrop Grumman Corporation | ||||
CAREER HIGHLIGHTS Ms. Mills is the former Corporate Vice President of Operations for Northrop Grumman Corporation, with responsibility for operations, including risk management, engineering and information technology. During her 12 years with Northrop Grumman, from 2002 to 2014, Ms. Mills held a number of operational positions, including Corporate Vice President and President of Information Systems and Information Technology sectors; President of the Civilian Agencies Group; and Vice President of Operations and Process in the firm’s Information Technology Sector. Prior to joining Northrop Grumman, Ms. Mills was Vice President of Information Systems and Processes at TRW, Inc. She began her career as an engineer at Bell Laboratories, Inc. KEY EXPERIENCE AND QUALIFICATIONS In light of Ms. Mills’ in-depth experience with large and complex, often international, operations, risk management, information technology and cyber security, and her success in managing a significant line of business at Northrop Grumman, AIG’s Board has concluded that Ms. Mills should be re-elected to the Board. | |
| ![]() ![]() Director since: 2019 Age: 70 Committees: • Compensation and Management Resources • Risk and Capital Other Directorships: • Former (past 5 years): CNA Financial Group; Verisk Analytics, Inc. | | | THOMAS F. MOTAMED Former Chairman and Chief Executive Officer of CNA Financial Corporation CAREER HIGHLIGHTS Mr. Motamed was Chairman and Chief Executive Officer of CNA Financial Corporation from 2009 to 2016. Prior to CNA, Mr. Motamed spent 31 years at The Chubb Corporation, where he began his career as a claims trainee and rose to Vice Chairman and Chief Operating Officer. He is a past Chairman of the Insurance Information Institute and is Chair Emeritus for Adelphi University. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Motamed’s deep experience in the insurance industry, risk management and management of insurance organizations, AIG’s Board has concluded that Mr. Motamed should be re-elected to the Board. | |
| ![]() Director since: 2008 Age: Committees: • Nominating and Corporate Governance • Risk and Capital • Technology Other Directorships: • Current: Intuit Inc.; Pfizer Inc.; Visa Inc. | | | SUZANNE NORA JOHNSON | Former Vice Chairman of The Goldman Sachs Group, Inc. | ||||
CAREER HIGHLIGHTS Ms. Nora Johnson is the former Vice Chairman of The Goldman Sachs Group, Inc., serving from 2004 to 2007. During her 21 years at Goldman Sachs, she also served as the Chairman of the Global Markets Institute, Head of the Global Investment Research Division and Head of the Global Investment Banking Healthcare Business. KEY EXPERIENCE AND QUALIFICATIONS In light of Ms. Nora Johnson’s experience in managing large, complex, international institutions, her experience in finance as well as her professional experience across the financial services industry, AIG’s Board has concluded that Ms. Nora Johnson should be re-elected to the Board. | |
| ![]() ![]() Age: Other Directorships: • | | | Peter R. Porrino Former Executive | |||||
XL Group Ltd CAREER HIGHLIGHTS Mr. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. | |
| ![]() ![]() Age: 56 Other Directorships: • None | | | Amy L. Schioldager Former Senior Managing Director and Global Head of Beta Strategies at BlackRock, Inc. CAREER HIGHLIGHTS Ms. Schioldager is the former Senior Managing Director and Global Head of Beta Strategies at BlackRock, Inc. In this role, which she held from 2006 to 2017, Ms. Schioldager was responsible for managing the Index Equity business across seven global offices. During her more than 25 years at BlackRock, Ms. Schioldager held various other leadership positions and also served as a member of the Global Executive Committee from 2012 to 2017 and Vice Chair of the Corporate Governance Committee from 2008 to 2015. She also founded and led BlackRock’s Women’s Initiative. Ms. Schioldager began her career as a fund accountant at Wells Fargo Investment Advisors. KEY EXPERIENCE AND QUALIFICATIONS In light of Ms. Schioldager’s experience in managing international organizations, as well as her professional experience in investments, asset management and across the financial services industry, AIG’s Board has concluded that Ms. Schioldager should be elected to the Board. | |
| ![]() Director since: 2009 Age: Committees: • As Independent Chairman, Mr. Steenland is an ex-officio, non-voting member of all Board committees Other Directorships: • Current: Hilton Worldwide Holdings Inc.; Worldwide Limited • Former (past 5 years): Chrysler Group LLC; International Lease Finance Corporation; Digital River, Inc.; Performance Food Group Company | | | DOUGLAS M. STEENLAND | Former President and Chief Executive Officer of Northwest Airlines Corporation | ||||
CAREER HIGHLIGHTS Mr. Steenland is the former Chief Executive Officer of Northwest Airlines Corporation, serving from 2004 to 2008, and President, serving from 2001 to 2004. Prior to that, he served in a number of Northwest Airlines executive positions after joining Northwest Airlines in 1991, including Executive Vice President, Chief Corporate Officer and Senior Vice President and General Counsel. Mr. Steenland retired from Northwest Airlines upon its merger with Delta Air Lines, Inc. Prior to joining Northwest Airlines, Mr. Steenland was a senior partner at a Washington, D.C. law firm that is now part of DLA Piper. KEY EXPERIENCE AND QUALIFICATIONS In light of Mr. Steenland’s experience in managing large, complex, international institutions and his experience in strategic business transformations, AIG’s Board has concluded that Mr. Steenland should be re-elected to the Board. | |
| ![]() ![]() Age: Other Directorships: • • Former (past 5 years): Validus Holdings, Ltd. | | | THERESE M. | VAUGHAN Former Chief Executive the National Association of Insurance Commissioners; Visiting Distinguished Professor and Former | ||||
the College of Business and Public Administration at Drake University CAREER HIGHLIGHTS Ms. KEY EXPERIENCE AND QUALIFICATIONS In light of Ms. | |
| AIG has a highly engaged Board with balanced tenure and substantial and diverse expertise necessary to evaluate and oversee strategy and performance. | |
| Independent Chairman is required in AIG’s By-laws. | |
| Independent Chairman role is clearly defined, and the Chairman generally does not serve longer than a five-year term. | |
| Directors are elected annually by a majority of votes cast (in uncontested elections). | |
| All directors are independent (except CEO). | |
| Former AIG CEOs cannot serve on the Board. | |
| Directors’ interests are aligned with those of our shareholders through robust stock ownership requirements. | |
| ✔ The Board, through the Nominating and Corporate Governance Committee, conducts annual evaluations of the Board and individual directors, and all Board Committees conduct annual self-evaluations. | |
| No director attending less than | |
| Directors generally may not stand for election after reaching age 75. | |
| All directors may contribute to the agenda for Board meetings. | |
| The Board Committee structure is organized around key strategic issues and designed to facilitate dialogue and efficiency. | |
| Board Committee Chairs generally do not serve longer than a five-year term. | |
| The Board provides strong risk management oversight including through the Risk and Capital Committee, Audit Committee and other Board Committees. | |
| AIG has an extensive shareholder engagement program with director participation. | |
| AIG’s By-laws include a proxy access right for shareholders. | |
| ✔ AIG’s By-laws provide shareholders the ability to call a special meeting. | |
• Overseeing Board meeting agenda preparation in consultation with the Chief Executive Officer and preparing agendas for meetings of the independent directors; • Chairing Board meetings and executive sessions of the independent directors; • Leading the independent directors in the Chief Executive Officer review process and discussions regarding management succession; • Interacting regularly with the Chief Executive Officer, including discussing strategic initiatives and their implementation; • Overseeing distribution of information and reports to the Board; • Overseeing the Board and Board Committees’ annual self-evaluation process; • Serving as non-voting member of each Board Committee; and • Participating in engagement with shareholders. |
Director | | | Audit Committee | | | Compensation and Management Resources Committee | | | Nominating and Corporate Governance Committee | | | Regulatory, Compliance and Public Policy Committee | | | Risk and Capital Committee | | | Technology Committee | | ||||||||||||||||||
W. Don Cornwell | | | | | | | | | | | C | | | | | | ■ | | | | | | | | | | | | | | | | | | | | |
Peter R. Fisher* | | | | | | | | | | | | | | | | | | | | | | | ■ | | | | | | ■ | | | | | | | | |
John H. Fitzpatrick | | | | | ■ | | | | | | | | | | | | | | | | | | | | | | | | C | | | | | | | | |
William G. Jurgensen | | | | | C | | | | | | | | | | | | | | | | | | | | | | | | ■ | | | | | | | | |
Christopher S. Lynch | | | | | | | | | | | | | | | | | C | | | | | | | | | | | | ■ | | | | | | ■ | | |
Samuel J. Merksamer* | | | | | | | | | | | | | | | | | ■ | | | | | | ■ | | | | | | ■ | | | | | | | | |
Henry S. Miller | | | | | | | | | | | | | | | | | | | | | | | ■ | | | | | | ■ | | | | | | | | |
Linda A. Mills | | | | | ■ | | | | | | ■ | | | | | | | | | | | | | | | | | | | | | | | | ■ | | |
Suzanne Nora Johnson | | | | | | | | | | | ■ | | | | | | ■ | | | | | | | | | | | | | | | | | | ■ | | |
Ronald A. Rittenmeyer | | | | | ■ | | | | | | ■ | | | | | | | | | | | | | | | | | | | | | | | | C | | |
Douglas M. Steenland | | | | | ♦ | | | | | | ♦ | | | | | | ♦ | | | | | | ♦ | | | | | | ♦ | | | | | | ♦ | | |
Theresa M. Stone | | | | | ■ | | | | | | | | | | | | | | | | | | C | | | | | | | | | | | | | | |
Number of meetings in 2017 | | | | | 10 | | | | | | 9 | | | | | | 6 | | | | | | 4 | | | | | | 12 | | | | | | 4 | | |
| Director | | | Audit Committee | | | Compensation and Management Resources Committee | | | Nominating and Corporate Governance Committee | | | Risk and Capital Committee | | | Technology Committee | |
| W. Don Cornwell | | | | | | C | | | ■ | | | | | | | |
| John H. Fitzpatrick | | | ■ | | | | | | | | | C | | | | |
| William G. Jurgensen | | | C | | | | | | | | | ■ | | | | |
| Christopher S. Lynch | | | | | | | | | C | | | ■ | | | ■ | |
| Henry S. Miller | | | | | | ■ | | | | | | ■ | | | | |
| Linda A. Mills | | | ■ | | | ■ | | | | | | | | | ■ | |
| Thomas F. Motamed | | | | | | ■ | | | | | | ■ | | | | |
| Suzanne Nora Johnson | | | | | | | | | ■ | | | ■ | | | ■ | |
| Ronald A. Rittenmeyer | | | ■ | | | ■ | | | | | | | | | C | |
| Douglas M. Steenland | | | ♦ | | | ♦ | | | ♦ | | | ♦ | | | ♦ | |
| Theresa M. Stone | | | ■ | | | | | | ■ | | | | | | | |
| Number of meetings in 2018 | | | 8 | | | 5 | | | 7 | | | 11 | | | 3 | |
| Base Annual Retainer | | | | | | | | | Until 2018 Annual Meeting | | As of 2018 Annual Meeting | | |||||||||
| Cash Retainer | | | $ | 150,000 | | | Base Annual Retainer | | | | | | | | | | | | |||
| Deferred Stock Units (DSUs) Award | | | $ | 130,000 | | | Cash Retainer | | | $ | 150,000 | | | | $ | 125,000 | | | |||
| Annual Independent Chairman Cash Retainer | | | $ | 260,000 | | | Deferred Stock Units (DSUs) Award | | | $ | 130,000 | | | | $ | 170,000 | | | |||
| Annual Committee Chair Retainers | | | | | | | Annual Independent Chairman Cash Retainer | | | $ | 260,000 | | | | $ | 260,000 | | | |||
| Audit Committee | | | $ | 40,000 | | | Annual Committee Chair Retainers | | | | | | | | | | | | |||
| Risk and Capital Committee | | | $ | 40,000 | | | Audit Committee | | | $ | 40,000 | | | | $ | 40,000 | | | |||
| Compensation and Management Resources Committee | | | $ | 30,000 | | | Risk and Capital Committee | | | $ | 40,000 | | | | $ | 40,000 | | | |||
| Other Committees | | | $ | 20,000 | | | Compensation and Management Resources Committee | | | $ | 30,000 | | | | $ | 30,000 | | | |||
| Other Committees | | | $ | 20,000 | | | | $ | 20,000 | | |
Non-Management Members of the Board in 2017 | | | Fees Earned or Paid in Cash(1) | | | Stock Awards(2) | | | All Other Compensation(3) | | | Total | | ||||||||||||
W. Don Cornwell | | | | $ | 180,000 | | | | | $ | 129,978 | | | | | $ | 10,000 | | | | | $ | 319,978 | | |
Peter R. Fisher | | | | $ | 150,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 279,978 | | |
John H. Fitzpatrick | | | | $ | 190,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 319,978 | | |
William G. Jurgensen | | | | $ | 190,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 319,978 | | |
Christopher S. Lynch | | | | $ | 160,110 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 290,088 | | |
Samuel J. Merksamer | | | | $ | 150,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 279,978 | | |
George L. Miles, Jr. | | | | $ | 74,175 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 74,175 | | |
Henry S. Miller | | | | $ | 150,000 | | | | | $ | 129,978 | | | | | $ | 10,000 | | | | | $ | 289,978 | | |
Robert S. Miller | | | | $ | 74,175 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 74,175 | | |
Linda A. Mills | | | | $ | 150,000 | | | | | $ | 129,978 | | | | | $ | 10,000 | | | | | $ | 289,978 | | |
Suzanne Nora Johnson | | | | $ | 159,890 | | | | | $ | 129,978 | | | | | $ | 10,000 | | | | | $ | 299,868 | | |
John A. Paulson | | | | $ | 74,175 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 74,175 | | |
Ronald A. Rittenmeyer | | | | $ | 170,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 299,978 | | |
Douglas M. Steenland | | | | $ | 410,000 | | | | | $ | 129,978 | | | | | $ | 0 | | | | | $ | 539,978 | | |
Theresa M. Stone | | | | $ | 170,000 | | | | | $ | 129,978 | | | | | $ | 10,000 | | | | | $ | 309,978 | | |
| Non-Management Members of the Board in 2018 | | | Fees Earned or Paid in Cash(1) | | | Stock Awards(2) | | | All Other Compensation(3) | | | Total | | ||||||||||||
| W. Don Cornwell | | | | $ | 164,135 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 344,110 | | |
| Peter R. Fisher | | | | $ | 54,808 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 54,808 | | |
| John H. Fitzpatrick | | | | $ | 174,135 | | | | | $ | 169,975 | | | | | $ | 0 | | | | | $ | 344,110 | | |
| William G. Jurgensen | | | | $ | 174,135 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 354,110 | | |
| Christopher S. Lynch | | | | $ | 154,135 | | | | | $ | 169,975 | | | | | $ | 0 | | | | | $ | 324,110 | | |
| Samuel J. Merksamer | | | | $ | 54,808 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 54,808 | | |
| Henry S. Miller | | | | $ | 134,135 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 314,110 | | |
| Linda A. Mills | | | | $ | 134,135 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 314,110 | | |
| Suzanne Nora Johnson | | | | $ | 134,135 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 314,110 | | |
| Ronald A. Rittenmeyer | | | | $ | 154,135 | | | | | $ | 169,975 | | | | | $ | 0 | | | | | $ | 324,110 | | |
| Douglas M. Steenland | | | | $ | 394,135 | | | | | $ | 169,975 | | | | | $ | 0 | | | | | $ | 564,110 | | |
| Theresa M. Stone | | | | $ | 141,443 | | | | | $ | 169,975 | | | | | $ | 10,000 | | | | | $ | 321,418 | | |
| Non-Management Members of the Board in | | | Deferred Stock Units(1) | | |||
| W. Don Cornwell | | | | | | | |
| Peter R. Fisher | |||||||
| | | | 0 | | | ||
John H. Fitzpatrick | | | | | | | ||
William G. Jurgensen | | | | | 14,362 | | | |
| Christopher S. | | | | | 19,243 | | |
| Samuel J. Merksamer | | | | | 0 | | |
| Henry S. Miller | | | | | 19,243 | | |
| Linda A. Mills | | | | | | | |
| Suzanne Nora Johnson | | | | | | | |
| ||||||||
Ronald A. Rittenmeyer | | | | | | | ||
| Douglas M. Steenland | | | | | | | |
| Theresa M. Stone | | | | | | |
| | | | Shares of Common Stock Beneficially Owned | | ||||||
| Name and Address | | | Number | | | Percent | | |||
| BlackRock, Inc. 55 East 52nd Street New York, NY 10055 | | | | | 64,768,700(1) | | | | 7.4% | |
| Capital Research Global Investors 333 South Hope Street Los Angeles, CA 90071 | | | | | 47,237,956(2) | | | | 5.4% | |
| The Vanguard Group 100 Vanguard Blvd. Malvern, PA 19355 | | | | | 67,664,554(3) | | | | 7.8% | |
| | | AIG Common Stock Owned Beneficially as of January 31, 2018 | | |||||||||
| | | Amount and Nature of Beneficial Ownership(1)(2) | | | Percent of Class | | ||||||
W. Don Cornwell | | | | | 18,054 | | | | | | (3) | | |
Douglas A. Dachille | | | | | 3,740 | | | | | | (3) | | |
Brian Duperreault | | | | | 80,000 | | | | | | 0.01% | | |
Peter R. Fisher | | | | | 17,797 | | | | | | (3) | | |
John H. Fitzpatrick | | | | | 14,408 | | | | | | (3) | | |
Peter D. Hancock | | | | | 131,457 | | | | | | 0.01% | | |
Kevin T. Hogan | | | | | 77,676 | | | | | | 0.01% | | |
William G. Jurgensen | | | | | 25,908 | | | | | | (3) | | |
Christopher S. Lynch | | | | | 18,874 | | | | | | (3) | | |
Samuel J. Merksamer | | | | | 4,464 | | | | | | (3) | | |
Henry S. Miller | | | | | 15,704 | | | | | | (3) | | |
Linda A. Mills | | | | | 6,230 | | | | | | (3) | | |
Suzanne Nora Johnson | | | | | 19,008 | | | | | | (3) | | |
Ronald A. Rittenmeyer | | | | | 15,704 | | | | | | (3) | | |
Siddhartha Sankaran | | | | | 88,683 | | | | | | 0.01% | | |
Robert S. Schimek | | | | | 165,427(4) | | | | | | 0.02% | | |
Peter Y. Solmssen | | | | | 41,306 | | | | | | (3) | | |
Douglas M. Steenland | | | | | 15,704 | | | | | | (3) | | |
Theresa M. Stone | | | | | 24,991 | | | | | | (3) | | |
Peter Zaffino | | | | | 0 | | | | | | (3) | | |
All current Directors and current Executive Officers of AIG as a group (24 individuals) | | | | | 487,669 | | | | | | 0.05% | | |
| | | | AIG Common Stock Owned Beneficially as of January 31, 2019 | | |||||||||
| | | | Amount and Nature of Beneficial Ownership(1)(2) | | | Percent of Class | | ||||||
| W. Don Cornwell | | | | | 19,244 | | | | | | (3) | | |
| Douglas A. Dachille | | | | | 65,190 | | | | | | 0.01% | | |
| Brian Duperreault | | | | | 246,692 | | | | | | 0.03% | | |
| John H. Fitzpatrick | | | | | 18,068 | | | | | | (3) | | |
| Kevin T. Hogan | | | | | 148,501 | | | | | | 0.02% | | |
| William G. Jurgensen | | | | | 29,477 | | | | | | (3) | | |
| Christopher S. Lynch | | | | | 22,567 | | | | | | (3) | | |
| Mark D. Lyons | | | | | 0 | | | | | | — | | |
| Henry S. Miller | | | | | 19,397 | | | | | | (3) | | |
| Linda A. Mills | | | | | 9,675 | | | | | | (3) | | |
| Thomas F. Motamed | | | | | 26,386 | | | | | | (3) | | |
| Suzanne Nora Johnson | | | | | 22,786 | | | | | | (3) | | |
| Peter R. Porrino | | | | | 0 | | | | | | — | | |
| Ronald A. Rittenmeyer | | | | | 19,397 | | | | | | (3) | | |
| Siddhartha Sankaran | | | | | 229,831 | | | | | | 0.03% | | |
| Amy L. Schioldager | | | | | 0 | | | | | | — | | |
| Douglas M. Steenland | | | | | 24,197 | | | | | | (3) | | |
| Theresa M. Stone | | | | | 31,819 | | | | | | (3) | | |
| Therese M. Vaughan | | | | | 0 | | | | | | — | | |
| Peter Zaffino | | | | | 111,000 | | | | | | 0.01% | | |
| All current Directors and current Executive Officers of AIG as a group (22 individuals) | | | | | 910,422 | | | | | | 0.10% | | |
Name | | | Title | | | Age | | | Served as Officer Since | | ||||||
Brian Duperreault | | | President and Chief Executive Officer | | | | | 70 | | | | | | 2017 | | |
Douglas A. Dachille | | | Executive Vice President and Chief Investment Officer | | | | | 53 | | | | | | 2015 | | |
Lucy Fato | | | Executive Vice President and General Counsel | | | | | 51 | | | | | | 2017 | | |
Martha Gallo | | | Executive Vice President and Chief Information Officer | | | | | 60 | | | | | | 2015 | | |
Kevin T. Hogan | | | Executive Vice President—Life & Retirement | | | | | 55 | | | | | | 2013 | | |
Thomas B. Leonardi | | | Executive Vice President—Government Affairs, Public Policy and Communications | | | | | 64 | | | | | | 2017 | | |
Claudine M. Macartney | | | Executive Vice President and Chief Human Resources Officer | | | | | 49 | | | | | | 2017 | | |
Seraina Macia | | | Executive Vice President | | | | | 49 | | | | | | 2017 | | |
Naohiro Mouri | | | Executive Vice President and Chief Auditor | | | | | 59 | | | | | | 2018 | | |
Alessandrea C. Quane | | | Executive Vice President and Chief Risk Officer | | | | | 48 | | | | | | 2016 | | |
Siddhartha Sankaran | | | Executive Vice President and Chief Financial Officer | | | | | 40 | | | | | | 2010 | | |
Peter Zaffino | | | Executive Vice President—General Insurance and Global Chief Operating Officer | | | | | 51 | | | | | | 2017 | | |
| Name | | | Title | | | Age | | | Served as Officer Since | |
| Brian Duperreault | | | President and Chief Executive Officer | | | 71 | | | 2017 | |
| Douglas A. Dachille | | | Executive Vice President and Chief Investment Officer | | | 54 | | | 2015 | |
| Lucy Fato | | | Executive Vice President and General Counsel and Interim Head of Human Resources | | | 52 | | | 2017 | |
| Kevin T. Hogan | | | Executive Vice President—Chief Executive Officer, Life & Retirement | | | 56 | | | 2013 | |
| Thomas B. Leonardi | | | Executive Vice President—Government Affairs, Public Policy and Communications | | | 65 | | | 2017 | |
| Mark D. Lyons | | | Executive Vice President and Chief Financial Officer | | | 62 | | | 2018 | |
| Seraina Macia | | | Executive Vice President | | | 50 | | | 2017 | |
| Naohiro Mouri | | | Executive Vice President and Chief Auditor | | | 60 | | | 2018 | |
| Alessandrea C. Quane | | | Executive Vice President and Chief Risk Officer | | | 49 | | | 2016 | |
| John P. Repko | | | Executive Vice President and Chief Information Officer | | | 56 | | | 2018 | |
| Peter Zaffino | | | Executive Vice President—Chief Executive Officer, General Insurance and Global Chief Operating Officer, AIG | | | 52 | | | 2017 | |
| ![]() | |
| What We Heard | | | How We Responded | |
| • Lack of clarity around use of discretion in compensation decisions | | | • Increased transparency about compensation decisions, including clearly articulating assessment of achievements | |
| • Concern about alignment of accountability to stock performance | | | • Directly aligned management’s interests to investors’ through 2018 long-term incentive awards which are 100 percent equity-based and comprise 75 percent performance-based vehicles in the form of performance share units and stock options • Committee largely exercised negative discretion to reduce 2018 short-term incentive awards to reflect our absolute performance and shareholder return in 2018 | |
| • Need to address director over-boarding | | | • Ensured all active CEO directors standing for re-election in 2019 serve on only one outside board | |
| • Desire for more disclosure regarding AIG’s sustainability practices | | | • Committed in 2019 to explore the issuance of a climate-risk report aligned to the Task Force on Climate-related Financial Disclosure’s (TCFD) framework and to undertake a review of a climate change scenario analysis | |
| • Request for clear oversight by the Board over cybersecurity risks and human capital topics | | | • Amended Technology Committee charter to specifically reference oversight of cybersecurity and CMRC charter to reference human capital topics, including diversity and inclusion | |
| • Focus on maintaining appropriate level of diversity within Board | | | • Identified diversity as a critical component of an ongoing director search process and increased our diversity ratio in the 2019 slate of nominated directors | |
| ![]() | |
| COMPENSATION | |
| ![]() | |
| COMPENSATION OF OTHER CURRENT NEOS* | |
| ![]() | |
| * Includes Mr. Lyons’ target total direct compensation | |
Named Executive Officer | | | Annual Base Salary | | | Target Short-Term Incentive | | | Target Long-Term Incentive | | | Total | | ||||||||||||
Brian Duperreault, President and Chief Executive Officer | | | | $ | 1,600,000 | | | | | $ | 3,200,000* | | | | | $ | 11,200,000 | | | | | $ | 16,000,000 | | |
Siddhartha Sankaran, Executive Vice President and Chief Financial Officer | | | | $ | 1,000,000 | | | | | $ | 1,700,000 | | | | | $ | 3,300,000 | | | | | $ | 6,000,000 | | |
Peter Zaffino Executive Vice President—General Insurance and Global Chief Operating Officer | | | | $ | 1,250,000 | | | | | $ | 3,000,000 | | | | | $ | 4,250,000 | | | | | $ | 8,500,000 | | |
Douglas A. Dachille, Executive Vice President and Chief Investment Officer | | | | $ | 1,000,000 | | | | | $ | 2,000,000 | | | | | $ | 4,000,000 | | | | | $ | 7,000,000 | | |
Kevin T. Hogan, Executive Vice President—Life & Retirement | | | | $ | 1,000,000 | | | | | $ | 1,900,000 | | | | | $ | 3,600,000 | | | | | $ | 6,500,000 | | |
| Named Executive Officer | | | Annual Base Salary* | | | Target Short-Term Incentive | | | Target Long-Term Incentive** | | | Target Total Direct Compensation | | ||||||||||||
| Brian Duperreault President and Chief Executive Officer | | | | $ | 1,600,000 | | | | | $ | 3,200,000 | | | | | $ | 11,200,000 | | | | | $ | 16,000,000 | | |
| Mark D. Lyons*** Executive Vice President and Chief Financial Officer | | | | $ | 1,000,000 | | | | | $ | 1,104,467 | | | | | $ | 275,000 | | | | | $ | 2,379,467 | | |
| Peter Zaffino Executive Vice President—Chief Executive Officer, General Insurance and Global Chief Operating Officer, AIG | | | | $ | 1,250,000 | | | | | $ | 3,000,000 | | | | | $ | 4,250,000 | | | | | $ | 8,500,000 | | |
| Douglas A. Dachille Executive Vice President and Chief Investment Officer | | | | $ | 1,250,000 | | | | | $ | 2,500,000 | | | | | $ | 4,250,000 | | | | | $ | 8,000,000 | | |
| Kevin T. Hogan Executive Vice President—Chief Executive Officer, Life & Retirement | | | | $ | 1,250,000 | | | | | $ | 2,250,000 | | | | | $ | 4,000,000 | | | | | $ | 7,500,000 | | |
| 2018 SHORT-TERM INCENTIVE DETERMINATION | |
| ![]() | |
| Named Executive Officer* | | | Individual Target Amount | | | Percent of Target Earned | | | Earned Award Amount | | |||||||||
| Brian Duperreault | | | | $ | 3,200,000 | | | | | | 95% | | | | | $ | 3,040,000 | | |
| Mark Lyons** | | | | $ | 1,104,467 | | | | | | 95% | | | | | $ | 1,050,000 | | |
| Peter Zaffino | | | | $ | 3,000,000 | | | | | | 95% | | | | | $ | 2,850,000 | | |
| Douglas Dachille | | | | $ | 2,500,000 | | | | | | 95% | | | | | $ | 2,375,000 | | |
| Kevin Hogan | | | | $ | 2,250,000 | | | | | | 95% | | | | | $ | 2,137,500 | | |
| Performance Metric | | | Threshold (50%) | | | Target (100%) | | | Maximum (150%) | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | |
| Business Unit Performance* | | | N/A | | | N/A | | | N/A | | | N/A | | | 109% | | | 80% | | | 87% | |
| Headquarters Adjusted General Operating Expenses** | | | $2.3 billion | | | $2.15 billion | | | $2.0 billion | | | $2.12 billion | | | 110% | | | 10% | | | 11% | |
| Organizational Redesign*** | | | Partially Achieved | | | Achieved | | | Exceeded | | | Achieved | | | 100% | | | 10% | | | 10% | |
| Overall AIG Quantitative Performance: | | | 108% | | ||||||||||||||||||
| Overall AIG Quantitative Performance, as Adjusted: | | | 95% | |
| Performance Metric | | | Threshold (50%) | | | Target (100%) | | | Maximum (150%) | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | |
| General Insurance Normalized Return on Attributed Equity* | | | 4.5% | | | 7.0%-8.5% | | | 9.5% | | | 4.9% | | | 59% | | | 20% | | | 12% | |
| Accident Year Combined Ratio, As Adjusted, including Average Annual Losses* | | | 2 point deterioration over full year 2017 | | | 1-3 point improvement over full year 2017 | | | 4 point improvement over full year 2017 | | | 1 point deterioration over full year 2017 | | | 68% | | | 40% | | | 27% | |
| Organizational Design** | | | Partially Achieved | | | Achieved | | | Exceeded | | | Partially Exceeded | | | 125% | | | 30% | | | 38% | |
| Validus Transition*** | | | Partially Achieved | | | Achieved | | | Exceeded | | | Partially Exceeded | | | 125% | | | 10% | | | 13% | |
| General Insurance Quantitative Performance: | | | | | | | | | | | | 89% | | |||||||||
| General Insurance Quantitative Performance, as Adjusted: | | | | | | | | | | | | 95% | |
| Performance Metric | | | Threshold (50%) | | | Target (100%) | | | Maximum (150%) | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | |
| Investment Performance against Internal Benchmarks* | | | Benchmark minus 100 basis points | | | Performance equal to benchmark | | | Benchmark plus 100 basis points | | | Maximum | | | 150% | | | 60% | | | 90% | |
| Development of Performance Benchmarks for Certain Investment Portfolios** | | | Partially Achieved | | | Achieved | | | Exceeded | | | Achieved | | | 100% | | | 20% | | | 20% | |
| Investments Adjusted General Operating Expenses (net of third-party income)*** | | | $392 million | | | $373 million | | | $354 million | | | $346 million | | | 150% | | | 20% | | | 30% | |
| Investments Quantitative Performance: | | | | | | | | | | | | 140% | | |||||||||
| Investments Quantitative Performance, as Adjusted: | | | | | | | | | | | | 95% | |
| | | Threshold (50%) | | | Target (100%) | | | Maximum (150%) | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | | |
| Life and Retirement Normalized Return on Attributed Equity** | | | 10.8% | | | 12.3% – 13.3% | | | 14.8% | | | 12.3% | | | 100% | | | 70% | | | 70% | |
| Value of New Business | | | $349 million | | | $627 – 767 million | | | $1,046 million | | | $1,298 million | | | 150% | | | 30% | | | 45% | |
| Life and Retirement Quantitative Performance: | | | | | | | | | | | | 115% | | |||||||||
| Life and Retirement Quantitative Performance, as Adjusted: | | | | | | | | | | | | 95% | |
Named Executive Officer | | | Individual Target Amount* | | | Percent of Target Earned | | | Earned Award Amount | | |||||||||
Brian Duperreault | | | | $ | 2,133,333 | | | | | | 100% | | | | | $ | 2,133,333 | | |
Siddhartha Sankaran | | | | $ | 1,700,000 | | | | | | 92% | | | | | $ | 1,564,000 | | |
Peter Zaffino | | | | $ | 3,000,000 | | | | | | 95% | | | | | $ | 2,850,000 | | |
Douglas Dachille | | | | $ | 2,000,000 | | | | | | 110% | | | | | $ | 2,200,000 | | |
Kevin Hogan | | | | $ | 1,900,000 | | | | | | 110% | | | | | $ | 2,090,000 | | |
Former Executive Officer | | | | | | | | | | | | | | | | | | | |
Peter Hancock | | | | $ | 1,066,667 | | | | | | 66%** | | | | | $ | 704,000 | | |
Robert Schimek | | | | $ | 1,458,333 | | | | | | 66%** | | | | | $ | 962,500 | | |
Peter Solmssen | | | | $ | 1,275,000 | | | | | | 66%** | | | | | $ | 841,500 | | |
| 2018 Long-Term Incentives | | | Mix | | | Why We Use Them | |
| PSUs | | | 50 percent | | | Reward the achievement of key long-term financial objectives for AIG | |
| Stock Options | | | 25 percent | | | Align with shareholder interests by rewarding stock price appreciation and shareholder value creation | |
| RSUs | | | 25 percent | | | Further align the financial interests of our Executive Leadership Team with our shareholders while supporting retention | |
| Named Executive Officer | | | 2018 LTI Target Amount | | | 2018 LTI Individual Performance Modifier | | | Modified LTI Target Award Amount | | ||||||||||||
| Brian Duperreault | | | | $ | 11,200,000 | | | | | | 150 | % | | | | | $ | 16,800,000 | | | ||
| Mark Lyons* | | | | $ | 275,000 | | | | | | — | | | | | $ | 275,000 | | | |||
| Peter Zaffino | | | | $ | 4,250,000 | | | | | | 150 | % | | | | | $ | 6,375,000 | | | ||
| Douglas Dachille | | | | $ | 4,250,000 | | | | | | 150 | % | | | | | $ | 6,375,000 | | | ||
| Kevin Hogan | | | | $ | 4,000,000 | | | | | | 150 | % | | | | | $ | 6,000,000 | | | ||
| Former Executive Officer | | | | | | | | | | | | | | | | | | | | | | |
| Siddhartha Sankaran | | | | $ | 3,300,000 | | | | | | 125 | % | | | | | $ | 4,125,000 | | |
| Metric* | | | Rationale | | | Performance | | | Weighting | |
| Accident Year Combined Ratio, As Adjusted, including Average Annual Losses** (Annual Improvement) | | | Measures the underlying risk selection, expense discipline and underwriting profitability of General Insurance | | | Threshold, Target and Maximum goals for improvement in each of 2018, 2019 and 2020 | | | 33.3% | |
| Core Normalized Book Value per Share (Annual Growth) | | | Measures the overall profitability and growth of AIG’s core businesses, adjusted for cumulative dividends paid to shareholders | | | Threshold, Target and Maximum goals for growth in each of 2018, 2019 and 2020 | | | 33.3% | |
| Core Normalized Return on Attributed Equity (2020) | | | Measures the profitability of AIG’s Core businesses as well as its use of capital | | | Threshold, Target and Maximum goals for full year 2020 | | | 33.3% | |
| Performance Metric | | | Threshold | | | Target | | | Maximum | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | |
| Relative TSR | | | 25th percentile | | | 50th percentile | | | 75th percentile | | | 0 percentile | | | 0% | | | 100% | | | 0% | |
| Relative OAS | | | Acts as a gating metric: If OAS percentile is less than 20th percentile of peer group, the payout level is reduced by half. | | | N/A | | | N/A | | | N/A | | | N/A | | ||||||
| Payout: | | | 50% | | | 100% | | | 150% | | | | | | | | | | | | 0% | |
Performance Metric | | | Threshold | | | Target | | | Maximum | | | Actual | | | % Achieved | | | Weighting | | | % Achieved (Weighted) | |
Relative TSR | | | 25th percentile | | | 55th percentile | | | 75th percentile | | | 16th percentile | | | 0% | | | 75% | | | 0% | |
Relative Final CDS Spread | | | 5th percentile | | | 20th to 80th percentile | | | 95th percentile | | | 40th percentile | | | 100% | | | 25% | | | 25% | |
Payout: | | | 50% | | | 100% | | | 150% | | | | | | | | | | | | 25% | |
| | | Performance of Pre-2018 LTI Awards to Date* | | | | Value at 12/31/18 Closing Price** | | | | Performance of Pre-2018 One-Time Awards | | | | Value at 12/31/18 Closing Price** | | | | Aggregate Value at 12/31/18 Closing Price** | | ||||||||||
| Named Executive | | | 2015 PSUs | | | 2016 PSUs | | | 2017 PSUs & RSUs | | | | RSUs*** | | | Sign-on Options**** | | | |||||||||||
| Brian Duperreault | | | N/A | | | N/A | | | 30% | | | | 20% | | | | N/A | | | 0% | | | | 0% | | | | 8% | |
| Peter Zaffino | | | N/A | | | N/A | | | 30% | | | | 19% | | | | N/A | | | 0% | | | | 0% | | | | 5% | |
| Kevin Hogan | | | 25% | | | 0% | | | 30% | | | | 12% | | | | 100% | | | N/A | | | | 61% | | | | 31% | |
| Douglas Dachille | | | 25% | | | 0% | | | 30% | | | | 11% | | | | 100% | | | N/A | | | | 61% | | | | 30% | |
| Sid Sankaran | | | 25% | | | 0% | | | 30% | | | | 11% | | | | 100% | | | N/A | | | | 61% | | | | 32% | |
| ![]() | |
Name and Principal Position | | | Year | | | Salary(1) | | | Bonus | | | Stock Awards(2) | | | Option Awards(2) | | | Non-Equity Incentive Plan Compensation(3) | | | Change in Pension Value(4) | | | All Other Compensation(5) | | | Total | | ||||||||||||||||||||||||
Brian Duperreault Chief Executive Officer | | | 2017 | | | | $ | 1,015,385 | | | | | $ | 12,000,000(6) | | | | | $ | 11,156,834 | | | | | $ | 16,153,000 | | | | | $ | 2,133,333 | | | | | $ | 331,849 | | | | | $ | 296,460 | | | | | $ | 43,086,861 | | |
Siddhartha Sankaran Executive Vice President and Chief Financial Officer | | | 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 9,327,757 | | | | | | — | | | | | $ | 1,564,000 | | | | | $ | 43,432 | | | | | $ | 32,199 | | | | | $ | 11,967,388 | | |
| 2016 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 3,159,665 | | | | | | — | | | | | $ | 680,000 | | | | | $ | 705 | | | | | $ | 39,598 | | | | | $ | 4,879,968 | | | ||
Douglas A. Dachille Executive Vice President and Chief Investment Officer | | | 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 11,037,953 | | | | | | — | | | | | $ | 2,200,000 | | | | | $ | 2,145 | | | | | $ | 55,469 | | | | | $ | 14,295,567 | | |
| 2016 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 3,829,868 | | | | | | — | | | | | $ | 800,000 | | | | | $ | 213 | | | | | $ | 65,706 | | | | | $ | 5,695,787 | | | ||
Kevin T. Hogan Executive Vice President— Life & Retirement | | | 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 10,130,983 | | | | | | — | | | | | $ | 2,090,000 | | | | | $ | 219,112 | | | | | $ | 106,575 | | | | | $ | 13,546,670 | | |
| 2016 | | | | $ | 1,000,000 | | | | | $ | 800,000(7) | | | | | $ | 3,446,866 | | | | | | — | | | | | $ | 760,000 | | | | | $ | 98,417 | | | | | $ | 72,816 | | | | | $ | 6,178,099 | | | ||
| 2015 | | | | $ | 1,038,462 | | | | | $ | 1,150,000(7) | | | | | $ | 3,613,812 | | | | | | — | | | | | $ | 1,482,000 | | | | | $ | 12,995 | | | | | $ | 620,888 | | | | | $ | 7,918,157 | | | ||
Peter Zaffino Executive Vice President— General Insurance and Global Chief Operating Officer | | | 2017 | | | | $ | 552,885 | | | | | $ | — | | | | | $ | 4,042,659 | | | | | $ | 10,206,267 | | | | | $ | 2,850,000 | | | | | $ | 0 | | | | | $ | 40,795 | | | | | $ | 17,692,606 | | |
Separated during 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Peter D. Hancock Former Chief Executive Officer | | | 2017 | | | | $ | 584,615 | | | | | $ | 5,000,000(8) | | | | | $ | 8,117,643 | | | | | | — | | | | | $ | 704,000 | | | | | $ | 0 | | | | | $ | 9,802,350 | | | | | $ | 24,208,608 | | |
| 2016 | | | | $ | 1,600,000 | | | | | $ | — | | | | | $ | 7,851,287 | | | | | | — | | | | | $ | 0 | | | | | $ | 8,991 | | | | | $ | 116,257 | | | | | $ | 9,576,535 | | | ||
| 2015 | | | | $ | 1,661,538 | | | | | $ | — | | | | | $ | 8,231,460 | | | | | | — | | | | | $ | 2,496,000 | | | | | $ | 59,759 | | | | | $ | 49,218 | | | | | $ | 12,497,975 | | | ||
Robert S. Schimek Former Executive Vice President | | | 2017 | | | | $ | 834,615 | | | | | $ | — | | | | | $ | 9,781,210 | | | | | | — | | | | | $ | 962,500 | | | | | $ | 0 | | | | | $ | 4,876,496 | | | | | $ | 16,454,821 | | |
| 2016 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 3,351,116 | | | | | | — | | | | | $ | 700,000 | | | | | $ | 27,564 | | | | | $ | 44,457 | | | | | $ | 5,123,137 | | | ||
Peter Y. Solmssen Former Executive Vice President | | | 2017 | | | | $ | 792,308 | | | | | $ | — | | | | | $ | 8,721,435 | | | | | | — | | | | | $ | 841,500 | | | | | $ | 0 | | | | | $ | 4,249,099 | | | | | $ | 14,604,342 | | |
| Name and Principal Position | | | Year | | | Salary | | | Bonus | | | Stock Awards(1) | | | Option Awards(1) | | | Non-Equity Incentive Plan Compensation(2) | | | Change in Pension Value(3) | | | All Other Compensation(4) | | | Total | | ||||||||||||||||||||||||
| Brian Duperreault President and Chief Executive Officer | | | 2018 | | | | $ | 1,600,000 | | | | | $ | — | | | | | $ | 11,757,189 | | | | | $ | 4,199,993 | | | | | $ | 3,040,000 | | | | | $ | 0 | | | | | $ | 257,487 | | | | | $ | 20,854,669 | | |
| 2017 | | | | $ | 1,015,385 | | | | | $ | 12,000,000(5) | | | | | $ | 11,156,834 | | | | | $ | 16,153,000 | | | | | $ | 2,133,333 | | | | | $ | 331,849 | | | | | $ | 296,460 | | | | | $ | 43,086,861 | | | |||
| Mark D. Lyons Executive Vice President and Chief Financial Officer | | | 2018 | | | | $ | 453,846 | | | | | $ | — | | | | | $ | 178,942 | | | | | $ | 3,068,721 | | | | | $ | 1,050,000 | | | | | $ | 0 | | | | | $ | 8,379 | | | | | $ | 4,759,888 | | |
| Douglas A. Dachille Executive Vice President and Chief Investment Officer | | | 2018 | | | | $ | 1,192,308 | | | | | $ | — | | | | | $ | 4,461,383 | | | | | $ | 1,593,742 | | | | | $ | 2,375,000 | | | | | $ | 385 | | | | | $ | 84,578 | | | | | $ | 9,707,396 | | |
| 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 11,037,953 | | | | | | — | | | | | $ | 2,200,000 | | | | | $ | 2,145 | | | | | $ | 55,469 | | | | | $ | 14,295,567 | | | |||
| 2016 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 3,829,868 | | | | | | — | | | | | $ | 800,000 | | | | | $ | 213 | | | | | $ | 65,706 | | | | | $ | 5,695,787 | | | |||
| Kevin T. Hogan Executive Vice President— Chief Executive Officer, Life & Retirement | | | 2018 | | | | $ | 1,192,308 | | | | | $ | — | | | | | $ | 4,198,969 | | | | | $ | 1,499,999 | | | | | $ | 2,137,500 | | | | | $ | 0 | | | | | $ | 92,693 | | | | | $ | 9,121,469 | | |
| 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 10,130,983 | | | | | | — | | | | | $ | 2,090,000 | | | | | $ | 219,112 | | | | | $ | 106,575 | | | | | $ | 13,546,670 | | | |||
| 2016 | | | | $ | 1,000,000 | | | | | $ | 800,000(6) | | | | | $ | 3,446,866 | | | | | | — | | | | | $ | 760,000 | | | | | $ | 98,417 | | | | | $ | 72,816 | | | | | $ | 6,178,099 | | | |||
| Peter Zaffino Executive Vice President— Chief Executive Officer, General Insurance and Global Chief Operating Officer, AIG | | | 2018 | | | | $ | 1,250,000 | | | | | $ | 2,396,867(7) | | | | | $ | 4,461,383 | | | | | $ | 1,593,742 | | | | | $ | 2,850,000 | | | | | $ | 0 | | | | | $ | 68,467 | | | | | $ | 12,620,459 | | |
| 2017 | | | | $ | 552,885 | | | | | $ | — | | | | | $ | 4,042,659 | | | | | $ | 10,206,267 | | | | | $ | 2,850,000 | | | | | $ | 0 | | | | | $ | 40,795 | | | | | $ | 17,692,606 | | | |||
| Former Executive Officer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| Siddhartha Sankaran Former Chief Financial Officer | | | 2018 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 2,886,784 | | | | | $ | 1,031,239 | | | | | $ | 1,615,000 | | | | | $ | 0 | | | | | $ | 65,339 | | | | | $ | 6,598,362 | | |
| 2017 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 9,327,757 | | | | | | — | | | | | $ | 1,564,000 | | | | | $ | 43,432 | | | | | $ | 32,199 | | | | | $ | 11,967,388 | | | |||
| 2016 | | | | $ | 1,000,000 | | | | | $ | — | | | | | $ | 3,159,665 | | | | | | — | | | | | $ | 680,000 | | | | | $ | 705 | | | | | $ | 39,598 | | | | | $ | 4,879,968 | | |
| Name | | | 2018 PSUs Target | | | 2018 PSUs Maximum | | ||||||
| Brian Duperreault | | | | $ | 7,838,089 | | | | | $ | 15,676,178 | | |
| Mark D. Lyons | | | | $ | 119,295 | | | | | $ | 238,590 | | |
| Douglas A. Dachille | | | | $ | 2,974,274 | | | | | $ | 5,948,548 | | |
| Kevin T. Hogan | | | | $ | 2,799,294 | | | | | $ | 5,598,587 | | |
| Peter Zaffino | | | | $ | 2,974,274 | | | | | $ | 5,948,548 | | |
| Former Executive Officer | | | | | | | | | | | | | |
| Siddhartha Sankaran | | | | $ | 1,924,504 | | | | | $ | 3,849,008 | | |
Name | | | 2017 PSUs Target | | | 2017 PSUs Maximum | | ||||||
Brian Duperreault | | | | $ | 7,724,649 | | | | | $ | 16,016,697 | | |
Siddhartha Sankaran | | | | $ | 2,446,563 | | | | | $ | 4,547,881 | | |
Douglas A. Dachille | | | | $ | 2,965,632 | | | | | $ | 5,512,771 | | |
Kevin T. Hogan | | | | $ | 2,669,021 | | | | | $ | 4,961,405 | | |
Peter Zaffino | | | | $ | 2,749,026 | | | | | $ | 6,036,911 | | |
Separated during 2017 | | | | | | | | | | | | | |
Peter D. Hancock | | | | $ | 4,133,187 | | | | | $ | 7,968,912 | | |
Robert S. Schimek | | | | $ | 2,594,868 | | | | | $ | 4,823,564 | | |
Peter Y. Solmssen | | | | $ | 2,224,173 | | | | | $ | 4,134,483 | | |
| Name | | | 2017 PSUs Target | | | 2017 PSUs Maximum | | ||||||
| Brian Duperreault | | | | $ | 7,724,649 | | | | | $ | 16,016,697 | | |
| Douglas A. Dachille | | | | $ | 2,965,632 | | | | | $ | 5,512,771 | | |
| Kevin T. Hogan | | | | $ | 2,669,021 | | | | | $ | 4,961,405 | | |
| Peter Zaffino | | | | $ | 2,749,026 | | | | | $ | 6,036,911 | | |
| Former Executive Officer | | | | | | | | | | | | | |
| Siddhartha Sankaran | | | | $ | 2,446,563 | | | | | $ | 4,547,881 | | |
Name | | | Personal Use of Company Pool Cars(a) | | | Personal Use of Aircraft(b) | | | Financial, Tax and Legal Planning(c) | | | Other(d) | | | Total | | |||||||||||||||
Brian Duperreault | | | | $ | 1,236 | | | | | $ | 195,000 | | | | | $ | 73,441 | | | | | $ | 2,351 | | | | | $ | 272,028 | | |
Siddhartha Sankaran | | | | $ | 6,179 | | | | | $ | 0 | | | | | $ | 1,150 | | | | | $ | 0 | | | | | $ | 7,329 | | |
Douglas A. Dachille | | | | $ | 30,599 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 30,599 | | |
Kevin T. Hogan | | | | $ | 13,295 | | | | | $ | 0 | | | | | $ | 24,366 | | | | | $ | 44,044 | | | | | $ | 81,705 | | |
Peter Zaffino | | | | $ | 3,797 | | | | | $ | 0 | | | | | $ | 28,679 | | | | | $ | 0 | | | | | $ | 32,475 | | |
Separated during 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Peter D. Hancock | | | | $ | 7,441 | | | | | $ | 0 | | | | | $ | 196,634 | | | | | $ | 0 | | | | | $ | 204,076 | | |
Robert S. Schimek | | | | $ | 1,437 | | | | | $ | 0 | | | | | $ | 55,963 | | | | | $ | 0 | | | | | $ | 57,400 | | |
Peter Y. Solmssen | | | | $ | 3,229 | | | | | $ | 0 | | | | | $ | 20,000 | | | | | $ | 0 | | | | | $ | 23,229 | | |
| Name | | | Personal Use of Company Pool Cars(a) | | | Personal Use of Aircraft(b) | | | Flexible Perquisite Allowance(c) | | | Other(d) | | | Total | | |||||||||||||||
| Brian Duperreault | | | | $ | 2,458 | | | | | $ | 195,000 | | | | | $ | 35,000 | | | | | $ | 0 | | | | | $ | 232,458 | | |
| Mark D. Lyons | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Douglas A. Dachille | | | | $ | 24,549 | | | | | $ | 0 | | | | | $ | 35,000 | | | | | $ | 0 | | | | | $ | 59,549 | | |
| Kevin T. Hogan | | | | $ | 11,638 | | | | | $ | 0 | | | | | $ | 35,000 | | | | | $ | 21,026 | | | | | $ | 67,664 | | |
| Peter Zaffino | | | | $ | 8,438 | | | | | $ | 0 | | | | | $ | 35,000 | | | | | $ | 0 | | | | | $ | 43,438 | | |
| Former Executive Officer | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| Siddhartha Sankaran | | | | $ | 5,310 | | | | | $ | 0 | | | | | $ | 35,000 | | | | | $ | 0 | | | | | $ | 40,310 | | |
| Name | | | Grant Date | | | Board Action Date | | | Estimated Possible Payouts Under Non-Equity Plan Awards(1) | | | Estimated Possible Payouts Under Equity Incentive Plan Awards (Performance Share Units)(2) | | | All Other Stock Awards (# of AIG Shares or Units)(3) | | | All Other Option Awards (# of Securities Underlying Options)(4) | | | Exercise or Base Price of Option Awards ($/Sh)(4) | | | Grant Date Fair Value of Equity Awards(5) | | ||||||||||||||||||||||||||||||||||||||||||
| Threshold | | | Target | | | Maximum | | | Threshold | | | Target | | | Maximum | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Brian Duperreault | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI | | | 03/14/18 | | | | | | | $ | 0 | | | | | $ | 3,200,000 | | | | | $ | 6,400,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 PSUs | | | 03/14/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 70,058 | | | | | | 140,116 | | | | | | 280,232 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 7,838,089 | | |
| 2018 RSUs | | | 03/14/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 70,059 | | | | | | — | | | | | | — | | | | | $ | 3,919,100 | | |
| 2018 Options | | | 03/14/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 351,170 | | | | | $ | 55.94 | | | | | $ | 4,199,993 | | |
| Mark D. Lyons | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI(6) | | | 06/01/18 | | | 12/12/18 | | | | $ | 1,050,000 | | | | | $ | 1,050,000 | | | | | $ | 2,100,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 STI(6) | | | 12/12/18 | | | | | | | | 0 | | | | | | 54,467 | | | | | | 108,934 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2018 PSUs | | | 12/12/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,583 | | | | | | 3,166 | | | | | | 6,332 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 119,295 | | |
| 2018 RSUs | | | 12/12/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,583 | | | | | | — | | | | | | — | | | | | $ | 59,647 | | |
| 2018 Options | | | 12/12/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,213 | | | | | $ | 37.68 | | | | | $ | 68,743 | | |
| Options | | | 06/18/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 299,528 | | | | | $ | 55.55 | | | | | $ | 2,999,978 | | |
| Douglas A. Dachille | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI | | | 02/15/18 | | | | | | | $ | 0 | | | | | $ | 2,500,000 | | | | | $ | 5,000,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 PSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,585 | | | | | | 53,169 | | | | | | 106,338 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,974,274 | | |
| 2018 RSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,584 | | | | | | — | | | | | | — | | | | | $ | 1,487,109 | | |
| 2018 Options | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 133,256 | | | | | $ | 55.94 | | | | | $ | 1,593,742 | | |
| Kevin T. Hogan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI | | | 02/15/18 | | | | | | | $ | 0 | | | | | $ | 2,250,000 | | | | | $ | 4,500,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 PSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,021 | | | | | | 50,041 | | | | | | 100,082 | | | | | | — | | | | | | — | | | | | | — | | | �� | | $ | 2,799,294 | | |
| 2018 RSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,021 | | | | | | — | | | | | | — | | | | | $ | 1,399,675 | | |
| 2018 Options | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 125,418 | | | | | $ | 55.94 | | | | | $ | 1,499,999 | | |
| Peter Zaffino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI | | | 02/15/18 | | | | | | | $ | 0 | | | | | $ | 3,000,000 | | | | | $ | 6,000,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 PSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,585 | | | | | | 53,169 | | | | | | 106,338 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,974,274 | | |
| 2018 RSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,584 | | | | | | — | | | | | | — | | | | | $ | 1,487,109 | | |
| 2018 Options | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 133,256 | | | | | $ | 55.94 | | | | | $ | 1,593,742 | | |
| Former Executive Officer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| Siddhartha Sankaran | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
| 2018 STI | | | 02/15/18 | | | | | | | $ | 0 | | | | | $ | 1,700,000 | | | | | $ | 3,400,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| 2018 PSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,202 | | | | | | 34,403 | | | | | | 68,806 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 1,924,504 | | |
| 2018 RSUs | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,202 | | | | | | — | | | | | | — | | | | | $ | 962,280 | | |
| 2018 Options | | | 03/13/18 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 86,224 | | | | | $ | 55.94 | | | | | $ | 1,031,239 | | |
Name | | | Grant Date | | | Board Action Date | | | Estimated Possible Payouts Under Non-Equity Plan Awards(1) | | | Estimated Possible Payouts Under Equity Incentive Plan Awards (Performance Share Units)(2) | | | All Other Stock Awards (# of AIG Shares or Units)(3) | | | All Other Option Awards (# of Securities Underlying Options)(4) | | | Exercise or Base Price of Option Awards ($/Sh)(4) | | | Grant Date Fair Value of Equity Awards(5) | | ||||||||||||||||||||||||||||||||||||||||||
| Threshold | | | Target | | | Maximum | | | Threshold | | | Target | | | Maximum | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Brian Duperreault | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 05/14/17 | | | | | | | $ | 0 | | | | | $ | 2,133,333 | | | | | $ | 4,266,667 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2017 PSUs | | | 05/14/17 | | | 05/11/17 | | | | | — | | | | | | — | | | | | | — | | | | | | 64,772 | | | | | | 129,543 | | | | | | 259,086 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 7,724,649 | | |
2017 RSUs | | | 05/14/17 | | | 05/11/17 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 55,519 | | | | | | — | | | | | | — | | | | | $ | 3,432,185 | | |
Options | | | 05/15/17 | | | 05/11/17 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,500,000 | | | | | $ | 61.82 | | | | | $ | 16,153,000 | | |
Siddhartha Sankaran | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/15/17 | | | | | | | $ | 0 | | | | | $ | 1,700,000 | | | | | $ | 3,400,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
2017 PSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 17,982 | | | | | | 35,963 | | | | | | 71,926 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,446,563 | | |
2017 RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 15,414 | | | | | | — | | | | | | — | | | | | $ | 974,627 | | |
RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 93,414 | | | | | | — | | | | | | — | | | | | $ | 5,906,567 | | |
Douglas A. Dachille | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/15/17 | | | | | | | $ | 0 | | | | | $ | 2,000,000 | | | | | $ | 4,000,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
2017 PSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,797 | | | | | | 43,593 | | | | | | 87,186 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,965,632 | | |
2017 RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,683 | | | | | | — | | | | | | — | | | | | $ | 1,181,326 | | |
RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 108,983 | | | | | | — | | | | | | — | | | | | $ | 6,890,995 | | |
Kevin T. Hogan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/15/17 | | | | | | | $ | 0 | | | | | $ | 1,900,000 | | | | | $ | 3,800,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
2017 PSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,617 | | | | | | 39,233 | | | | | | 78,466 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,669,021 | | |
2017 RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,815 | | | | | | — | | | | | | — | | | | | $ | 1,063,212 | | |
RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 101,198 | | | | | | — | | | | | | — | | | | | $ | 6,398,750 | | |
Peter Zaffino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 07/24/17 | | | 06/27/17 | | | | $ | 0 | | | | | $ | 3,000,000 | | | | | $ | 6,000,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
2017 PSUs | | | 07/24/17 | | | 06/27/17 | | | | | — | | | | | | — | | | | | | — | | | | | | 23,388 | | | | | | 46,776 | | | | | | 93,552 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,749,026 | | |
2017 RSUs | | | 07/24/17 | | | 06/27/17 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,047 | | | | | | — | | | | | | — | | | | | $ | 1,293,633 | | |
Options | | | 07/24/17 | | | 06/27/17 | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,000,000 | | | | | $ | 64.53 | | | | | $ | 10,206,267 | | |
Separated during 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||
Peter D. Hancock | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/17/17 | | | | | | | $ | 0 | | | | | $ | 1,066,667 | | | | | $ | 2,133,334 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2017 PSUs | | | 03/17/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,917 | | | | | | 63,833 | | | | | | 127,666 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 4,133,187 | | |
2017 RSUs | | | 03/17/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 63,833 | | | | | | — | | | | | | — | | | | | $ | 3,984,456 | | |
Robert. S. Schimek | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/15/17 | | | | | | | $ | 0 | | | | | $ | 1,458,333 | | | | | $ | 2,916,667 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
2017 PSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,072 | | | | | | 38,143 | | | | | | 76,286 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,594,868 | | |
2017 RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,348 | | | | | | — | | | | | | — | | | | | $ | 1,033,684 | | |
RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 97,306 | | | | | | — | | | | | | — | | | | | $ | 6,152,658 | | |
Peter Y. Solmssen | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2017 STI | | | 03/15/17 | | | | | | | $ | 0 | | | | | $ | 1,275,000 | | | | | $ | 2,550,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
2017 PSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 16,347 | | | | | | 32,694 | | | | | | 65,388 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 2,224,173 | | |
2017 RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,013 | | | | | | — | | | | | | — | | | | | $ | 886,042 | | |
RSUs | | | 03/15/17 | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 88,743 | | | | | | — | | | | | | — | | | | | $ | 5,611,220 | | |
| | | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Option Awards(1) | | | | | | | Unvested (Not Subject to Performance Conditions) | | | Equity Incentive Plan Awards (Unearned and Unvested) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | Year Granted | | | Number Exercisable | | | Number Unexercisable | | | Equity Incentive Plan Awards (Unexercised and Unearned) | | | Exercise Price | | | Expiration Date | | | | Award Type(2) | | | Number | | | Market Value(3) | | | Number | | | Market Value(3) | | ||||||||||||||||||||||||||||||
| Brian Duperreault | | | | | 2018 | | | | | | — | | | | | | 351,170 | | | | | | — | | | | | $ | 55.94 | | | | | | 03/14/2028 | | | | | 2018 RSUs | | | | | 71,911 | | | | | $ | 2,834,012 | | | | | | — | | | | | | — | | |
| | | | | | 2017 | | | | | | 166,666 | | | | | | 333,334 | | | | | | 1,000,000 | | | | | $ | 61.82 | | | | | | 05/15/2024 | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 71,910 | | | | | $ | 2,833,973 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 RSUs | | | | | 57,888 | | | | | $ | 2,281,366 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | — | | | | | | — | | | | | | 67,534 | | | | | $ | 2,661,514 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 129,799 | | | | | $ | 5,115,378 | | | | | | 139,444 | | | | | $ | 5,495,487 | | |
| Mark D. Lyons | | | | | 2018 | | | | | | — | | | | | | 8,213 | | | | | | — | | | | | $ | 37.68 | | | | | | 12/12/2028 | | | | | 2018 RSUs | | | | | 1,596 | | | | | $ | 62,898 | | | | | | — | | | | | | — | | |
| | | | | | 2018 | | | | | | — | | | | | | 156,250 | | | | | | 143,278 | | | | | $ | 55.55 | | | | | | 06/18/2025 | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 1,596 | | | | | $ | 62,898 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 1,596 | | | | | $ | 62,898 | | | | | | 1,596 | | | | | $ | 62,898 | | |
| Douglas A. Dachille | | | | | 2018 | | | | | | | | | | | | 133,256 | | | | | | — | | | | | $ | 55.94 | | | | | | 03/13/2028 | | | | | 2018 RSUs | | | | | 27,287 | | | | | $ | 1,075,380 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 27,287 | | | | | $ | 1,075,380 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 RSUs | | | | | 19,480 | | | | | $ | 767,706 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | — | | | | | | — | | | | | | 22,726 | | | | | $ | 895,631 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | 0 | | | | | $ | 0 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Transition RSUs | | | | | 113,633 | | | | | $ | 4,478,276 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 11,660 | | | | | $ | 459,520 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 172,060 | | | | | $ | 6,780,882 | | | | | | 50,013 | | | | | $ | 1,971,011 | | |
| Kevin T. Hogan | | | | | 2018 | | | | | | — | | | | | | 125,418 | | | | | | — | | | | | $ | 55.94 | | | | | | 03/13/2028 | | | | | 2018 RSUs | | | | | 25,682 | | | | | $ | 1,012,127 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 25,681 | | | | | $ | 1,012,088 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 RSUs | | | | | 17,532 | | | | | $ | 690,936 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | — | | | | | | — | | | | | | 20,453 | | | | | $ | 806,052 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | 0 | | | | | $ | 0 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Transition RSUs | | | | | 105,516 | | | | | $ | 4,158,385 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 12,173 | | | | | $ | 479,737 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2014 PSUs | | | | | 24,649 | | | | | $ | 971,417 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 185,552 | | | | | $ | 7,312,602 | | | | | | 46,134 | | | | | $ | 1,818,140 | | |
| Peter Zaffino | | | | | 2018 | | | | | | — | | | | | | 133,256 | | | | | | — | | | | | $ | 55.94 | | | | | | 03/13/2028 | | | | | 2018 RSUs | | | | | 27,287 | | | | | $ | 1,075,380 | | | | | | — | | | | | | — | | |
| | | | | | 2017 | | | | | | 111,000 | | | | | | 222,000 | | | | | | 667,000 | | | | | $ | 64.53 | | | | | | 07/24/2024 | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 27,287 | | | | | $ | 1,075,380 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 RSUs | | | | | 20,798 | | | | | $ | 819,649 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | — | | | | | | — | | | | | | 24,265 | | | | | $ | 956,283 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 48,085 | | | | | $ | 1,895,029 | | | | | | 51,552 | | | | | $ | 2,031,663 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Stock Awards | | |||||||||||||||||||||
| | | Option Awards(1) | | | | | | | Unvested (Not Subject to Performance Conditions) | | | Equity Incentive Plan Awards (Unearned and Unvested) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | | Year Granted | | | Number Exercisable | | | Number Unexercisable | | | Equity Incentive Plan Awards (Unexercised and Unearned) | | | Exercise Price | | | Expiration Date | | | | Award Type(2) | | | Number | | | Market Value(3) | | | Number | | | Market Value(3) | | ||||||||||||||||||||||||||||||
Brian Duperreault | | | | | 2017 | | | | | | | | | | | | 500,000 | | | | | | 1,000,000 | | | | | $ | 61.82 | | | | | | 05/15/2024 | | | | | 2017 RSUs | | | | | 56,396 | | | | | $ | 3,360,074 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 65,794 | | | | | $ | 3,920,007 | | |
Siddhartha Sankaran | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 RSUs | | | | | 15,657 | | | | | $ | 932,844 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 18,265 | | | | | $ | 1,088,229 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | | | | 94,890 | | | | | $ | 5,653,546 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | | | | | | | | | | | | | 32,646 | | | | | $ | 1,945,049 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 8,894 | | | | | $ | 529,905 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2014 PSUs | | | | | 24,567 | | | | | $ | 1,463,702 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 PSUs | | | | | 18,457 | | | | | $ | 1,099,668 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 162,465 | | | | | $ | 9,679,665 | | | | | | 50,911 | | | | | $ | 3,033,278 | | |
Douglas A. Dachille | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 RSUs | | | | | 18,978 | | | | | $ | 1,130,709 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 22,140 | | | | | $ | 1,319,101 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | | | | 110,705 | | | | | $ | 6,595,804 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | | | | | | | | | | | | | 39,571 | | | | | $ | 2,357,640 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 17,040 | | | | | $ | 1,015,243 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 146,723 | | | | | $ | 8,741,756 | | | | | | 61,711 | | | | | $ | 3,676,741 | | |
Kevin T. Hogan | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 RSUs | | | | | 17,080 | | | | | $ | 1,017,626 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 19,926 | | | | | $ | 1,187,191 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | | | | 102,797 | | | | | $ | 6,124,645 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | | | | | | | | | | | | | 35,614 | | | | | $ | 2,121,882 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 17,788 | | | | | $ | 1,059,809 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2014 PSUs | | | | | 49,298 | | | | | $ | 2,937,175 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2013 PSUs | | | | | 32,990 | | | | | $ | 1,965,544 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 219,953 | | | | | $ | 13,104,799 | | | | | | 55,540 | | | | | $ | 3,309,073 | | |
Peter Zaffino | | | | | 2017 | | | | | | | | | | | | 333,000 | | | | | | 667,000 | | | | | $ | 64.53 | | | | | | 07/24/2024 | | | | | 2017 RSUs | | | | | 20,262 | | | | | $ | 1,207,210 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 23,639 | | | | | $ | 1,408,412 | | |
Separated during 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Peter D. Hancock | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 32,420 | | | | | $ | 1,931,584 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | | | | | | | | | | | | | 81,122 | | | | | $ | 4,833,249 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | 113,542 | | | | | $ | 6,764,833 | | |
Robert S. Schimek | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 19,372 | | | | | $ | 1,154,184 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | | | | | | | | | | | | | 34,625 | | | | | $ | 2,062,958 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | 53,997 | | | | | $ | 3,217,142 | | |
Peter Y. Solmssen | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2017 PSUs | | | | | | | | | | | | | | | | | 16,605 | | | | | $ | 989,326 | | |
| | | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | Option Awards(1) | | | | | | | Unvested (Not Subject to Performance Conditions) | | | Equity Incentive Plan Awards (Unearned and Unvested) | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | Year Granted | | | Number Exercisable | | | Number Unexercisable | | | Equity Incentive Plan Awards (Unexercised and Unearned) | | | Exercise Price | | | Expiration Date | | | | Award Type(2) | | | Number | | | Market Value(3) | | | Number | | | Market Value(3) | | ||||||||||||||||||||||||||||||
| Former Executive Officer | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| Siddhartha Sankaran(4) | | | | | 2018 | | | | | | — | | | | | | 86,224 | | | | | | — | | | | | $ | 55.94 | | | | | | 03/13/2028 | | | | | 2018 RSUs | | | | | 17,656 | | | | | $ | 695,822 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2018 PSUs | | | | | — | | | | | | — | | | | | | 17,655 | | | | | $ | 695,783 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 RSUs | | | | | 16,071 | | | | | $ | 633,358 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 PSUs | | | | | — | | | | | | — | | | | | | 18,748 | | | | | $ | 738,858 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2016 PSUs | | | | | 0 | | | | | $ | 0 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | ��� | | | | | | | | | | | | | | | | | | | Transition RSUs | | | | | 97,400 | | | | | $ | 3,838,534 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2015 PSUs | | | | | 6,087 | | | | | $ | 239,888 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2014 PSUs | | | | | 12,284 | | | | | $ | 484,112 | | | | | | — | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | | | | 149,498 | | | | | $ | 5,891,714 | | | | | | 36,403 | | | | | $ | 1,434,641 | | |
| | | Stock-Based Awards Vested in 2017 | | |||||||||
Name | | | Number of Shares Acquired on Vesting | | | Value Realized on Vesting | | ||||||
Brian Duperreault | | | | | — | | | | | | — | | |
Siddhartha Sankaran(1) | | | | | 30,739 | | | | | $ | 2,001,724 | | |
Douglas A. Dachille | | | | | — | | | | | | — | | |
Kevin T. Hogan(1) | | | | | 57,637 | | | | | $ | 3,753,321 | | |
Peter Zaffino | | | | | — | | | | | | — | | |
Separated during 2017 | | | | | | | | | | | | | |
Peter D. Hancock(2) | | | | | 372,603 | | | | | $ | 23,399,887 | | |
Robert S. Schimek(3) | | | | | 202,335 | | | | | $ | 13,089,762 | | |
Peter Y. Solmssen(4) | | | | | 103,819 | | | | | $ | 6,642,340 | | |
| | | | Stock-Based Awards Vested in 2018 | | |||||||||
| Name | | | Number of Shares Acquired on Vesting | | | Value Realized on Vesting | | ||||||
| Brian Duperreault | | | | | — | | | | | | — | | |
| Mark D. Lyons | | | | | — | | | | | | — | | |
| Douglas A. Dachille(1) | | | | | 5,680 | | | | | $ | 337,960 | | |
| Kevin T. Hogan(2) | | | | | 63,568 | | | | | $ | 3,782,296 | | |
| Peter Zaffino | | | | | — | | | | | | — | | |
| Former Executive Officer | | | | | | | | | | | | | |
| Siddhartha Sankaran(2) | | | | | 33,704 | | | | | $ | 2,005,388 | | |
Name | | Plan Name | | Years of Credited Service(1) | | Present Value of Accumulated Benefit(2) | | Payments During 2017 | | ||||||||||||||||||||||||||||||||||||
Brian Duperreault | | Qualified Retirement Plan | | | | 18.750 | | | | $ | 1,225,069 | | | | $ | 28,367 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 18.750 | | | | $ | 164,238 | | | | $ | 0 | | | Name | | Plan Name | | Years of Credited Service(1) | | Present Value of Accumulated Benefit(2) | | Payments During 2018 | | |||||||||||||||||
| | Total | | | | | | | | $ | 1,389,307 | | | | $ | 28,367 | | | Brian Duperreault | | Qualified Retirement Plan | | | | 18.750 | | | | $ | 1,126,388 | | | | $ | 85,102 | | | ||||||||
Siddhartha Sankaran | | Qualified Retirement Plan | | | | 4.583 | | | | $ | 73,166 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 3.000 | | | | $ | 125,361 | | | | $ | 0 | | | | | Non-Qualified Retirement Plan | | | | 18.750 | | | | $ | 173,614 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 198,527 | | | | $ | 0 | | | | | Total | | | | | | | | $ | 1,300,002 | | | | $ | 85,102 | | | ||||||||
Douglas A. Dachille | | Qualified Retirement Plan | | | | 0.333 | | | | $ | 16,035 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 0.333 | | | | $ | 2,289 | | | | $ | 0 | | | Mark D. Lyons | | Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 18,324 | | | | $ | 0 | | | | | Non-Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | ||||||||
Kevin T. Hogan | | Qualified Retirement Plan | | | | 25.917 | | | | $ | 713,720 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 25.917 | | | | $ | 881,957 | | | | $ | 0 | | | | | Total | | | | | | | | $ | 0 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 1,595,677 | | | | $ | 0 | | | Douglas A. Dachille | | Qualified Retirement Plan | | | | 0.333 | | | | $ | 16,376 | | | | $ | 0 | | | ||||||||
Peter Zaffino | | Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | | | Non-Qualified Retirement Plan | | | | 0.333 | | | | $ | 2,333 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 0 | | | | $ | 0 | | | | | Total | | | | | | | | $ | 18,709 | | | | $ | 0 | | | ||||||||
Separated during 2017 | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||
Peter D. Hancock | | Qualified Retirement Plan | | | | 5.333 | | | | $ | 125,264 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 3.000 | | | | $ | 0 | | | | $ | 0 | | | Kevin T. Hogan | | Qualified Retirement Plan | | | | 25.917 | | | | $ | 663,975 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 125,264 | | | | $ | 0 | | | | | Non-Qualified Retirement Plan | | | | 25.917 | | | | $ | 821,322 | | | | $ | 0 | | | ||||||||
Robert S. Schimek | | Qualified Retirement Plan | | | | 9.917 | | | | $ | 246,602 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 6.917 | | | | $ | 0 | | | | $ | 0 | | | | | Total | | | | | | | | $ | 1,485,297 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 246,602 | | | | $ | 0 | | | Peter Zaffino | | Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | ||||||||
Peter Y. Solmssen | | Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | | | Non-Qualified Retirement Plan | | | | 0 | | | | $ | 0 | | | | $ | 0 | | | ||||||||
| | Total | | | | | | | | $ | 0 | | | | $ | 0 | | | | | Total | | | | | | | | $ | 0 | | | | $ | 0 | | | ||||||||
| Former Executive Officer | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||
| Siddhartha Sankaran | | Qualified Retirement Plan | | | | 4.583 | | | | $ | 70,863 | | | | $ | 0 | | | ||||||||||||||||||||||||||
| | Non-Qualified Retirement Plan | | | | 3.000 | | | | $ | 125,231 | | | | $ | 0 | | | |||||||||||||||||||||||||||
| | Total | | | | | | | | $ | 196,094 | | | | $ | 0 | | |
Name | | | Annual Short-Term Incentive(1) | | | Severance(2) | | | Medical and Life Insurance(3) | | | Pension Plan Credit(4) | | | Unvested Options(5) | | | Unvested Stock Awards(6) | | | Total | | |||||||||||||||||||||
Brian Duperreault | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By AIG w/o “Cause” | | | | $ | 1,408,000 | | | | | $ | 7,200,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,200,206 | | | | | $ | 19,848,206 | | |
By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By Executive with Good Reason | | | | $ | 1,408,000 | | | | | $ | 7,200,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 8,648,000 | | |
Qualifying Termination following a Change in Control(7) | | | | $ | 1,408,000 | | | | | $ | 9,600,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,200,206 | | | | | $ | 22,248,206 | | |
Death | | | | $ | 2,133,333 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,200,206 | | | | | $ | 13,333,539 | | |
Disability(8) | | | | $ | 1,408,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,200,206 | | | | | $ | 12,608,206 | | |
Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Siddhartha Sankaran | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By AIG w/o “Cause” | | | | $ | 1,122,000 | | | | | $ | 4,466,511 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 15,746,398 | | | | | $ | 21,374,909 | | |
By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By Executive with Good Reason | | | | $ | 1,122,000 | | | | | $ | 4,466,511 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,628,511 | | |
Qualifying Termination following a Change in Control(7) | | | | $ | 1,122,000 | | | | | $ | 4,466,511 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 15,746,398 | | | | | $ | 21,374,909 | | |
Death | | | | $ | 1,700,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 19,606 | | | | | $ | 0 | | | | | $ | 17,336,231 | | | | | $ | 19,055,837 | | |
Disability(8) | | | | $ | 1,122,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 15,746,398 | | | | | $ | 16,868,398 | | |
Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Douglas A. Dachille | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By AIG w/o “Cause” | | | | $ | 1,320,000 | | | | | $ | 3,270,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,095,418 | | | | | $ | 20,725,418 | | |
By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,730,583 | | | | | $ | 5,730,583 | | |
By Executive with Good Reason | | | | $ | 1,320,000 | | | | | $ | 3,270,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,730,583 | | | | | $ | 10,360,583 | | |
Qualifying Termination following a Change in Control(7) | | | | $ | 1,320,000 | | | | | $ | 4,360,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,095,418 | | | | | $ | 21,815,418 | | |
Death | | | | $ | 2,000,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 956 | | | | | $ | 0 | | | | | $ | 19,141,267 | | | | | $ | 21,142,223 | | |
Disability(8) | | | | $ | 1,320,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,095,418 | | | | | $ | 17,415,418 | | |
Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
Kevin T. Hogan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By AIG w/o “Cause” | | | | $ | 1,254,000 | | | | | $ | 3,650,375 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 19,723,065 | | | | | $ | 24,667,440 | | |
By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,206,352 | | | | | $ | 10,206,352 | | |
By Executive with Good Reason | | | | $ | 1,254,000 | | | | | $ | 3,650,375 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,206,352 | | | | | $ | 15,150,727 | | |
Qualifying Termination following a Change in Control(7) | | | | $ | 1,254,000 | | | | | $ | 4,867,167 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 19,723,065 | | | | | $ | 25,884,232 | | |
Death | | | | $ | 1,900,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 22,902,790 | | | | | $ | 24,802,790 | | |
Disability(8) | | | | $ | 1,254,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 19,723,065 | | | | | $ | 20,977,065 | | |
Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 13,598,420 | | | | | $ | 13,598,420 | | |
Peter Zaffino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By AIG w/o “Cause” | | | | $ | 1,980,000 | | | | | $ | 11,168,733 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 4,024,093 | | | | | $ | 17,212,826 | | |
By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
By Executive with Good Reason | | | | $ | 1,980,000 | | | | | $ | 11,168,733 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 13,188,733 | | |
Qualifying Termination following a Change in Control(7) | | | | $ | 1,980,000 | | | | | $ | 13,293,733 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 4,024,093 | | | | | $ | 19,337,826 | | |
Death | | | | $ | 3,000,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 4,024,093 | | | | | $ | 7,024,093 | | |
Disability(8) | | | | $ | 1,980,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 4,024,093 | | | | | $ | 6,004,093 | | |
Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Name | | | Annual Short-Term Incentive(1) | | | Severance(2) | | | Medical and Life Insurance(3) | | | Pension Plan Credit(4) | | | Unvested Options(5) | | | Unvested Stock Awards(6) | | | Total | | |||||||||||||||||||||
| Brian Duperreault | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By AIG w/o “Cause” | | | | $ | 3,040,000 | | | | | $ | 5,600,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,057,132 | | | | | $ | 24,737,132 | | |
| By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By Executive with Good Reason | | | | $ | 3,040,000 | | | | | $ | 5,600,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 8,680,000 | | |
| Qualifying Termination following a Change in Control(7) | | | | $ | 3,040,000 | | | | | $ | 7,466,666 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,057,132 | | | | | $ | 26,603,798 | | |
| Death | | | | $ | 3,200,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,057,132 | | | | | $ | 19,257,132 | | |
| Disability(8) | | | | $ | 3,040,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,057,132 | | | | | $ | 19,097,132 | | |
| Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Mark D. Lyons | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By AIG w/o “Cause” | | | | $ | 1,050,000 | | | | | $ | 4,050,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 14,208 | | | | | $ | 188,695 | | | | | $ | 5,342,903 | | |
| By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By Executive with Good Reason | | | | $ | 1,050,000 | | | | | $ | 4,050,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,140,000 | | |
| Qualifying Termination following a Change in Control(7) | | | | $ | 1,050,000 | | | | | $ | 5,400,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 14,208 | | | | | $ | 188,695 | | | | | $ | 6,692,903 | | |
| Death | | | | $ | 1,104,467 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 14,208 | | | | | $ | 188,695 | | | | | $ | 1,307,370 | | |
| Disability(8) | | | | $ | 1,050,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 14,208 | | | | | $ | 188,695 | | | | | $ | 1,252,903 | | |
| Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Douglas A. Dachille | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By AIG w/o “Cause” | | | | $ | 2,375,000 | | | | | $ | 4,155,000 | | | | | $ | 40,000 | | | | | $ | 1,126 | | | | | $ | 0 | | | | | $ | 10,720,584 | | | | | $ | 17,291,710 | | |
| By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 7,513,162 | | | | | $ | 7,513,162 | | |
| By Executive with Good Reason | | | | $ | 2,375,000 | | | | | $ | 4,155,000 | | | | | $ | 40,000 | | | | | $ | 1,126 | | | | | $ | 0 | | | | | $ | 7,513,162 | | | | | $ | 14,084,288 | | |
| Qualifying Termination following a Change in Control(7) | | | | $ | 2,375,000 | | | | | $ | 5,540,000 | | | | | $ | 40,000 | | | | | $ | 1,126 | | | | | $ | 0 | | | | | $ | 10,720,584 | | | | | $ | 18,676,710 | | |
| Death | | | | $ | 2,500,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 1,126 | | | | | $ | 0 | | | | | $ | 13,922,134 | | | | | $ | 16,423,260 | | |
| Disability(8) | | | | $ | 2,375,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,720,584 | | | | | $ | 13,095,584 | | |
| Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Kevin T. Hogan | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By AIG w/o “Cause” | | | | $ | 2,137,500 | | | | | $ | 4,041,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,949,911 | | | | | $ | 17,168,411 | | |
| By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 7,931,184 | | | | | $ | 7,931,184 | | |
| By Executive with Good Reason | | | | $ | 2,137,500 | | | | | $ | 4,041,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 7,931,184 | | | | | $ | 14,149,684 | | |
| Qualifying Termination following a Change in Control(7) | | | | $ | 2,137,500 | | | | | $ | 5,388,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,949,911 | | | | | $ | 18,515,411 | | |
| Death | | | | $ | 2,250,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 13,831,294 | | | | | $ | 16,081,294 | | |
| Disability(8) | | | | $ | 2,137,500 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 10,949,911 | | | | | $ | 13,087,411 | | |
| Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 6,791,486 | | | | | $ | 6,791,486 | | |
| Peter Zaffino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG for “Cause” | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By AIG w/o “Cause” | | | | $ | 2,850,000 | | | | | $ | 8,546,867 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,939,678 | | | | | $ | 17,376,545 | | |
| By Executive w/o Good Reason | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| By Executive with Good Reason | | | | $ | 2,850,000 | | | | | $ | 8,546,867 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 11,436,867 | | |
| Qualifying Termination following a Change in Control(7) | | | | $ | 2,850,000 | | | | | $ | 10,596,867 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,939,678 | | | | | $ | 19,426,545 | | |
| Death | | | | $ | 3,000,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,939,678 | | | | | $ | 8,939,678 | | |
| Disability(8) | | | | $ | 2,850,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 5,939,678 | | | | | $ | 8,789,678 | | |
| Retirement | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
| Siddhartha Sankaran | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| By AIG w/o “Cause”(9) | | | | $ | 1,615,000 | | | | | $ | 4,380,000 | | | | | $ | 40,000 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 8,758,321 | | | | | $ | 14,793,321 | | |
| | | 2017 (in millions) | | | 2016 (in millions) | | ||||||
Fees paid by AIG: | | | | | | | | | | | | | |
Audit fees(a) | | | | $ | 55.0 | | | | | $ | 65.6 | | |
Audit-related fees(b) | | | | $ | 16.1 | | | | | $ | 17.8 | | |
Tax fees(c) | | | | $ | 3.9 | | | | | $ | 4.5 | | |
All other fees(d) | | | | $ | 4.2 | | | | | $ | 2.6 | | |
| | | | 2018 (in millions) | | | 2017 (in millions) | | ||||||
| Fees paid by AIG: | | | | | | | | | | | | | |
| Audit fees(1) | | | | $ | 53.0 | | | | | $ | 55.0 | | |
| Audit-related fees(2) | | | | $ | 20.6 | | | | | $ | 16.1 | | |
| Tax fees(3) | | | | $ | 1.7 | | | | | $ | 3.9 | | |
| All other fees(4) | | | | $ | 1.4 | | | | | $ | 4.2 | | |
Plan Category | | | Plan | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1)(2) | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights(1) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in the Third Column) | | |||||||||
Equity compensation plans approved by security holders | | | 2007 Stock Incentive Plan | | | | | 59,860(4) | | | | | $ | 465.60(5) | | | | | | 0(3) | | |
| 2010 Stock Incentive Plan | | | | | 3,494,748(6) | | | | | $ | — | | | | | | 0(3) | | | ||
| 2013 Omnibus Incentive Plan | | | | | 18,418,389(7) | | | | | $ | 63.18(5) | | | | | | 42,780,716(8) | | | ||
Equity compensation plans not approved by security holders | | | Inducement Option Award | | | | | 500,000(9) | | | | | $ | 61.82(5) | | | | | | 0 | | |
Total | | | | | | | | 22,472,997 | | | | | $ | 71.84(5) | | | | | | 42,780,716 | | |
| Plan Category | | | Plan | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights(1)(2) | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights(1) | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in the Third Column) | | |||||||||
| Equity compensation plans approved by security holders | | | 2007 Stock Incentive Plan | | | | | 3,089(3) | | | | | $ | — | | | | | | 0(4) | | |
| 2010 Stock Incentive Plan | | | | | 29,207(3) | | | | | $ | — | | | | | | 0(4) | | | |||
| 2013 Omnibus Incentive Plan | | | | | 23,626,633(5) | | | | | $ | 58.69(6) | | | | | | 37,211,710(7) | | | |||
| Equity compensation plans not approved by security holders | | | Inducement Option Award | | | | | 500,000(8) | | | | | $ | 61.82(6) | | | | | | 0 | | |
| Total | | | | | | | | 24,158,929 | | | | | $ | 58.99(6) | | | | | | 37,211,710 | | |