Jeffrey D. Lorenzen - Dec 20, 2023 Form 4 Insider Report for AMERICAN EQUITY INVESTMENT LIFE HOLDING CO (AEL)

Signature
/s/ Jeffrey D. Lorenzen
Stock symbol
AEL
Transactions as of
Dec 20, 2023
Transactions value $
-$1,492,600
Form type
4
Date filed
12/21/2023, 09:46 PM
Previous filing
Sep 25, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEL Common Stock Options Exercise $0 +26.9K +87% $0.00 57.8K Dec 20, 2023 Direct F1, F2
transaction AEL Common Stock Disposed to Issuer -$1.49M -26.9K -46.52% $55.52 30.9K Dec 20, 2023 Direct F1
holding AEL Common Stock 14K Dec 20, 2023 By ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the accelerated vesting on December 20, 2023 at the actual level of performance of the performance-based restricted stock units in respect of the 2021-2023 performance period (2021 PSUs), granted by the Issuer pursuant to the American Equity Investment Life Holding Company Amended and Restated Equity Incentive Plan, as amended, and cash settlement of such award based on (i) the number of 2021 PSUs earned based on the actual level of performance multiplied by (ii) the closing price of the Issuer's common stock on December 20, 2023.
F2 Each 2021 PSU is the economic equivalent of one share of the Issuer's common stock.