(Bloomberg) – American International Group Inc. awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer's chief executive officer.
The compensation includes $12 million in cash to replace awards Duperreault forfeited after leaving his previous job leading Hamilton Insurance Group Ltd., and stock options valued at $16.1 million, New York-based AIG said Tuesday in a regulatory filing.
He'll get a third of the options within three years, with the rest vesting in increments if AIG's shares exceed hurdles set at $10, $20 and $30 above the $61.82 price when he was hired. The stock closed Tuesday at $53.78 in New York.
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