AIG EVP Wade Claude E. sold 22,456 shares ($1.9M) at $83.57 on 2025-05-05, reducing holdings by 68.8%
Wade Claude E., EVP and Chief Digital Officer & Head of Operations, executed a substantial sale of 22,456 shares (22.5K shares) for $1,876,733.25 ($1.9M), reducing his position from 32,637 shares (32.6K shares) to 10,181 shares (10.2K shares) — a 68.8% reduction in holdings. The sale occurred at $83.57, above the current market price of $82.53 and near the 52-week high of $87.72, though the stock is -5.9% from that high and has posted +12.5% gains over 90 days. This concentrated liquidation is material for a senior operations executive and warrants scrutiny given AIG's deteriorating financial backdrop: the company reported -41.8% annual revenue decline (FY vs prior FY), turned unprofitable over its most recent full fiscal year, and carries a $47.6B market cap supported by narrow recent quarter profitability of $698.0M on $6.8B revenue. The magnitude and concentration of the sale—reducing executive stake by nearly 70%—combined with the company's structural revenue headwinds and negative annual net income, represents a substantial reduction in executive commitment that merits investor attention.