Caroline D Krass
General Counsel
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $13.4 M - $35.4 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (04/17/2021)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
New York, New York
Senior Vice President and Deputy General Counsel, AIG & General Counsel, General Insurance
Present
2
Executive Vice President
Present
3
Executive Vice President, General Counsel
Present
4
Executive Vice President, General Counsel
Present
5
Executive Vice President, General Counsel
Present
6
Executive Vice President, General Counsel
Present
7
Executive Vice President, General Counsel
Present
8
Executive Vice President, General Counsel
Present
9
Executive Vice President, General Counsel
Present
10
Executive Vice President, General Counsel
Present

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Vanguard IRA
1.1
Vanguard Inflation-Protected Securities Fund Investor Shares VIPSX
$15,001 - $50,000
None (or less than $201)
2
AIG Company Sponsored Stock Plan (UBS Account)
2.1
American International Group, Inc. (AIG)
$250,001 - $500,000
Dividends
$1,001 - $2,500
2.2
AIG Vested Stock Options Value not readily ascertainable. Comprises 14,666 options with a strike price of $55.55 that expire on 6/18/2028
None (or less than $201)
2.3
AIG Unvested Restricted Stock Units
$1,000,001 - $5,000,000
None (or less than $201)
2.4
AIG Unvested Performance Stock Units
$100,001 - $250,000
None (or less than $201)
2.5
AIG Unvested Stock Options (value not readily ascertainable)
None (or less than $201)
3
AIG Leadership Continuity Award
$250,001 - $500,000
None (or less than $201)
4
AIG Incentive Savings 401K Plan

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
New York, New York
I will continue to participate in this defined contribution plan. The plan sponsor will make no further contributions after my separation.
4/2018
2
New York, New York
I will continue to participate in the HSA, but will make no further contributions after my separation.
5/2018
3
New York, New York
I will retain my vested and unvested stock options. The unvested options will continue to vest on the normal vesting schedule.
5/2021
4
New York, New York
I will retain my unvested restricted stock which will continue to vest on the normal vesting schedule.
5/2021
5
New York, New York
I will retain my unvested performance stock units which will continue to vest on the normal vesting schedule.
5/2021
6
New York, New York
I will receive a prorated bonus for calendar year 2021 before I assume the duties of the position.
5/2021
7
New York, New York
AIG leadership continuity award. I am eligible for one payment on 5/1/2021. AIG will accelerate the payment of a second award for which I am eligible on 5/1/22 and I will receive it before I assume the duties of the position.
5/2021

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
New York, New York
As AIG Deputy General Counsel & General Counsel, General Insurance, I supervise and lead the legal team for AIG's principal business unit.

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
Fidelity IRA
1.1
Fidelity Four-in-One Index Fund (FFNOX)
$250,001 - $500,000
None (or less than $201)
2
Insperity 401K
2.1
State Street S&P 500 Index
Over $1,000,000
None (or less than $201)
3
McKinsey & Co. Profit Sharing Retirement Plan
3.1
State Street Target Retirement 2035 Fund
Over $1,000,000
None (or less than $201)
4
Redbrick LMD LLC
Salary and business income
5
Redbrick LMD LLC (small business, real estate)
None (or less than $1,001)
LLC Income
5.1
Carried Interest from 1100 Alabama Ave SE LLC (value not readily ascertainable): 30% to 1100 Alabama Holdings LLC after 8% preferred return and catchup
None (or less than $201)
5.2
Capital gains earned from asset on line 5
Capital Gains
$100,001 - $1,000,000

Other Assets and Income

#
Description
Value
Type
Amount
1
DC College Savings Plan
cash payments
$36,427
1.1
DC College Savings 2022 Portfolio
$100,001 - $250,000
None (or less than $201)
1.2
DC College Savings in College Portfolio
$100,001 - $250,000
None (or less than $201)
2
American Express National Bank, Savings Account
$100,001 - $250,000
Interest
$1,001 - $2,500
3
U.S. bank #1 (cash)
$15,001 - $50,000
None (or less than $201)
4
Fidelity
4.1
Fidelity Government Money Market Fund (SPAXX)
$50,001 - $100,000
None (or less than $201)
4.2
Apple, Inc. (AAPL)
$15,001 - $50,000
None (or less than $201)
4.3
SPDR S&P 500 ETF Trust (SPY)
$100,001 - $250,000
None (or less than $201)
5
Vanguard 529 Plan Nevada

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Chase Bank
$1,000,001 - $5,000,000
2012
30 years

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
1
All the other positions shown in this section are at 100% owned domestic subsidiaries of American International Group, Inc.
2
2.3
Comprises 8,049 restricted stock units vesting 1/1/22, 16,302 units vesting 1/1/23, and 11,524 units vesting 1/1/24.
2
2.4
Comprises 3,763 performance stock units that will deliver in March 2022. The actual amount of stock units delivered can vary from zero to 7,526 based on a formula based on company performance leading up to March 2022.
2
2.5
19,963 options with a strike price of $44.28 that vest on 1/1/22 and expire on 3/18/29, 19,005 options with a strike price of $32.43 that vest on 1/1/23 and expire on 3/11/30, and 13,888 options with a strike price of $44.10 that vest on 1/1/24 and expire on 2/22/31.
2
3
Comprises two payments of $250,000 payable conditioned on continued employment on 5/1/2021 and 5/1/2022 respectively
4
1
Paid by AIG for duties with Global Loss Prevention, Inc.; American Home Assurance Company; AIG Claims, Inc.; AIU Insurance Company; AIG Specialty Insurance Company; AIG Property Casualty Company; Commerce and Industry Insurance Company; The Insurance Company of the State of Pennsylvania; Lexington Insurance Company; National Union Fire Insurance Company of Pittsburgh, Pa.; New Hampshire Insurance Company; Illinois National Insurance Co.; Granite State Insurance Company; AIG Assurance Company; AIG Property Casualty U.S., Inc.; Eaglestone Reinsurance Company; Health Direct, Inc.; AIG Property Casualty International, LLC; AIG PC Global Services, Inc.; AIG Property Casualty Inc.; DSA P&C Solutions, Inc.; AIG Property Casualty Inc.
5
5
Commercial real estate at St Elizabeths Campus, Merrifield and Annandale, VA, and Howard Road SE, Washington, DC. Passthrough entity. The value of Redbrick LMD LLC’s underlying investments as of 4/2021 are already shown in the RMC Manager LLC (line 6) and Redbrick Management Holdings LLC (line7).
5
6
Commercial real estate at St Elizabeths Campus, Merrifield and Annandale, VA, and Howard Road SE, Washington, DC.
5
7
Commercial real estate at St Elizabeths Campus, Merrifield and Annandale, VA, and Howard Road SE, Washington, DC.
5
12
Commercial real estate joint venture investment at St. Elizabeth’s East Campus, Washington, DC.

Do you have information about Caroline D Krass that is missing from this database?

Drop us a line at info@insidebidensbasement.org.

We want your help. If you have any additional information about an appointee that is or isn’t in our database, or any corrections, let us know via email at info@insidebidensbasement.org .

© 2023 Biden's Basement. All rights reserved