AMERICAN INTERNATIONAL GROUP INC
For the period ended May 15, 2024. Filed Apr 2, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 15, 2024 · Filed Apr 2, 2024
Contents
Base Salary
2023 Base Salary
| At a Glance: | nFixed cash compensationnRepresents 7.5 to 22.2 percent of a current named executive’s annual target direct compensation nReviewed annually or upon a change in role, when appropriatenNo salary adjustments for those named executives who were also named executives in 2022nMs. Purtill's salary increased mid-year by 5.3 percent in connection with her appointment as Chief Financial Officer of AIG |
|---|
Base salary is intended to fairly compensate named executives for the responsibilities of their respective positions and achieve an appropriate balance of fixed and variable pay. The CMRC undertakes an annual review of named executive salaries to determine whether they should be adjusted. In making this determination, the CMRC considers a broad range of factors including, scope of role, experience, skillsets and salaries for comparable positions within the Compensation Peer Group, as well as internal parity among executive officers.
| Current Named Executives | 2022 Year-End Base Salary | 2023 Year-End Base Salary | Percent Change |
|---|---|---|---|
| Peter Zaffino | $1,500,000 | $1,500,000 | —% |
| Sabra R. Purtill(1) | $— | $1,000,000 | —% |
| Kevin T. Hogan | $1,250,000 | $1,250,000 | —% |
| David McElroy | $1,000,000 | $1,000,000 | —% |
| Claude Wade(2) | $— | $1,000,000 | —% |
(1)Ms. Purtill was not a named executive in 2022. In connection with Ms. Purtill's appointment as Chief Financial Officer, her salary increased from $950,000 to $1,000,000 on July 1, 2023.
(2)Mr. Wade was not a named executive in 2022.
50 AIG 2024 PROXY STATEMENT
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