secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN INTERNATIONAL GROUP, INC. (AIG)
CIK:        0000005272
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0000950103-23-009190
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIG names Sabra Purtill permanent CFO; Shane Fitzsimons steps down after medical leave
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- Sabra Purtill, interim CFO since Jan 2023, appointed permanent CFO effective immediately.
- Shane Fitzsimons steps down following a medical leave of absence; will receive severance per AIG's 2012 Executive Severance Plan.
- Purtill's annual target direct compensation set at $5.6M: $1M base salary, $1.7M STI, $2.9M LTI.
- Purtill receives RSU award of $1.25M vesting in three equal tranches over three years.
- Peter Zaffino cited Fitzsimons' role in AIG 200, Life/Retirement separation, and Corebridge IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5272/000095010323009190/0000950103-23-009190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5272/000095010323009190/dp195671_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-009190

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