Co-Chief Executive Officer · AMERICAN FINANCIAL GROUP, Inc. (AFG)

Carl Lindner III

A named executive officer of AMERICAN FINANCIAL in every fiscal year CompBrief holds from FY2016 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$11,042,543

FY2023: $9,844,148

2nd of 6 named executive officers at American Financial by FY2025 total.

6 named officers on file for AMERICAN FINANCIAL, FY2025

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What this number hides

The filing gives the total. AMERICAN FINANCIAL’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

Compensation figures as of the proxy filed April 3, 2026 (DEF 14A). Insider transactions since that proxy, current to 2026-11-05.

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Carl Lindner III compensation by year

AMERICAN FINANCIAL Summary Compensation Table · all 8 fiscal years held
In US dollars, as AMERICAN FINANCIAL reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2016FY2017FY2018FY2019FY2021FY2022FY2023FY2025
Salary$1,150,000$1,150,000$1,234,615$1,250,000$1,250,000$1,250,000$1,250,000$1,250,000
Bonus$0$0$0$0$0$0$0$0
Stock awards$4,871,340$5,195,752$1,500,474$1,500,045$1,500,100$1,500,128$1,500,054$1,500,009
Option awards$0$0$0$0$0$0$0$0
Non-equity incentive$2,750,284$2,231,547$6,461,345$6,597,992$8,183,145$8,146,970$5,308,570$6,454,770
Pension and deferred compensation$0$0$0$0$0$0$0$0
All other$964,760$1,195,551$1,012,951$1,116,550$1,516,337$1,773,301$1,785,524$1,837,764
Total$9,736,384$9,772,850$10,209,385$10,464,587$12,449,582$12,670,399$9,844,148$11,042,543

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: AMERICAN FINANCIAL GROUP, Inc. DEF 14A filed April 3, 2026, accession 0001140361-26-013118, and prior-year filings. Open the filing on EDGAR.

How this page was built: the AMERICAN FINANCIAL GROUP, Inc. filed document, accession 0001140361-26-013118. Every figure is read from that document and cited to the page and table it appears in. Filed April 3, 2026.

$9.7M
$9.8M
$10.2M
$10.5M
$12.4M
$12.7M
$9.8M
$11.0M
FY16
FY17
FY18
FY19
FY21
FY22
FY23
FY25
SalaryNon-equity incentiveStock awardsAll other

Equity holdings

unvested awards at FY2025 year-end
TypeUnvested unitsValue at year-endExercise price
RSU12,306$1,681,984—
RSU11,882$1,624,032—
RSU11,349$1,551,181—
RSU11,200$1,530,816—

Per the Outstanding Equity Awards at Fiscal Year-End table in AMERICAN FINANCIAL GROUP, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.

Insider transactions since the last proxy

2 Form 4 lines since the FY2025 proxy (filed April 3, 2026)
current to 2026-11-05 · updated nightly
DateTransactionPlanSharesPriceHeld after
2026-08-26Sale—81,373$144.283,060,068
2026-08-24Sale—8,627$144.663,141,441

The 2 most recent of 2 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →

AMERICAN FINANCIAL’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
S. Craig LindnerCo-Chief Executive Officer (Co-Principal Executive Officer)$11,148,296
Carl Lindner III · this pageCo-Chief Executive Officer (Co-Principal Executive Officer)$11,042,543
John BerdingPresident of AFG and American Money Management$6,994,801
David ThompsonPresident and Chief Operating Officer of Great American Insurance Group$2,661,106
Brian HertzmanSenior Vice President and Chief Financial Officer$1,526,651
Mark WeissSenior Vice President and General Counsel$1,507,259

Board service

AMERICAN FINANCIAL board · FY2023–FY2025

How this board is paid

Company policy: AMERICAN FINANCIAL pays directors a $145,000 cash retainer and $170,000 in RSUs. As stated in AMERICAN FINANCIAL's FY2025 proxy.

The full AMERICAN FINANCIAL compensation record

free company brief

This page is one person within AMERICAN FINANCIAL's record. The company brief lists every named executive, each linking to their own page.

Peer companies

named in the AMERICAN FINANCIAL proxy · each links to its own free brief

Compensation, the day it’s disclosed

The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order AMERICAN FINANCIAL's full Executive Compensation Report with peer benchmarking.

How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are AMERICAN FINANCIAL's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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Carl Lindner III's compensation dossier