AIG CFO Grants IT Chief 11,657 RSUs Amid CEO Exit, Signal of Confidence in New Leadership

Insider Buying Signals Amid Leadership Shake‑Up

AIG’s recent director‑dealing filing shows Chief Information Officer Navagamuwa Roshan receiving 11,657 restricted stock units (RSUs) on January 5, 2026. The award, valued at zero cash price, will vest annually over the next three years, contingent on continued employment. While the transaction itself is routine—RSU grants are a common tool for retaining key talent—the timing is notable. It arrives on the same day the company disclosed a leadership transition: CEO Peter Zaffino will step down mid‑year and Eric Andersen, formerly of Aon, will assume the CEO‑elect role. The grant may signal confidence from the new executive team in the stability of the company’s IT function during this period of change.

Broader Insider Activity Raises Questions

AIG’s insider market is busy. On January 5, VP Kathleen Carbone purchased 5,828 shares, a move that dovetails with Roshan’s RSU grant and suggests a broader pattern of executive buying. Earlier December, CEO Peter Zaffino and EVP Rose Glazer each sold sizeable blocks of shares, while other executives—such as EVP Keith Walsh and EVP Edward Lee—executed a mix of purchases and sales. The mix of buying and selling is typical in a large, diversified insurer, but the net effect this month is a modest increase in insider ownership. For investors, this may be interpreted as a vote of confidence, especially given the company’s robust market cap and solid price‑earnings ratio of 15.07.

What This Means for Investors

From a valuation standpoint, AIG’s shares are trading near the 52‑week low of $69.24, with a 9.32% yearly gain that still sits well below the 52‑week high of $88.07. The recent insider purchases, coupled with a slight uptick in social‑media buzz (122 % communication intensity), suggest that executives believe the stock is undervalued at its current $78.07 close. However, the company’s weekly decline of -9.91% reflects ongoing market volatility in the insurance sector, likely influenced by broader economic uncertainty and regulatory scrutiny.

Strategic Implications

The new CEO‑elect’s appointment signals a strategic pivot toward stronger risk management and digital transformation—areas where Roshan’s IT leadership will be pivotal. The RSU grant can be viewed as a commitment to aligning executive incentives with long‑term shareholder value, especially as the company navigates the transition. For investors, the insider activity indicates that the management team remains invested in AIG’s performance, but the true test will be how quickly the new leadership can deliver on its promised operational efficiencies and market expansion strategies.