AI English summary of an SEC filing — figures as filed

AIG said on Thursday, January 6, 2026, that Chairman & CEO Peter Zaffino has notified the Board that he will transition to Executive Chair and step down as CEO by mid-year.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jan 6, 2026Period of report Jan 6, 2026Summary published (UTC) Oct 3, 2026

Key points

AI summary

AIG said on Thursday, January 6, 2026, that Chairman & CEO Peter Zaffino has notified the Board that he will transition to Executive Chair and step down as CEO by mid-year.
The company said Eric Andersen will join as President and CEO Elect effective February 16, 2026 and will report to Peter Zaffino. The Board expects him to succeed Zaffino as CEO and join the Board after June 1, 2026.
The company said Zaffino's annual target direct compensation is $25,000,000 as Chairman and CEO and will be $15,000,000 when he becomes Executive Chair, with annual base salary of $1,500,000 in both cases.
The company said Andersen's initial annual target direct compensation is $14,000,000, rising to $18,000,000 upon becoming CEO. Upon joining, he will receive $12,500,000 in restricted stock units that fully vest on the 3rd anniversary of the grant date.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Peter Zaffino to Step Down as CEO by Mid-2026 and Become Executive Chair

AIG said on Thursday, January 6, 2026, that Chairman & CEO Peter Zaffino has notified the Board that he will transition to Executive Chair and step down as CEO by mid-year.

Source · Based on the filing body and exhibits

Eric Andersen to Join AIG as President and CEO Elect on February 16, 2026

The company said Eric Andersen will join as President and CEO Elect effective February 16, 2026 and will report to Peter Zaffino. The Board expects him to succeed Zaffino as CEO and join the Board after June 1, 2026.

Source · Based on the filing body and exhibits

Zaffino Pay: Chairman and CEO $25,000,000, Executive Chair $15,000,000

The company said Zaffino's annual target direct compensation is $25,000,000 as Chairman and CEO and will be $15,000,000 when he becomes Executive Chair, with annual base salary of $1,500,000 in both cases.

Source · Based on the filing body and exhibits

Andersen Pay: Initial $14,000,000, $18,000,000 After Becoming CEO

The company said Andersen's initial annual target direct compensation is $14,000,000, rising to $18,000,000 upon becoming CEO. Upon joining, he will receive $12,500,000 in restricted stock units that fully vest on the 3rd anniversary of the grant date.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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