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AFGAmerican Financial Group Inc · Insider ownership research

American Financial Group Inc insiders sold $16.0M in the past 12 months. How much of their stake is that?

0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Carl Lindner III (Co-CEO, Director), sold $13.0M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$16.0M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
6 of 15
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 6 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Sep 18 for a transaction on Sep 16. David Thompson Jr. reported a change in holdings. Filing
SEC ownership filings: 44 filed in the 12 months to Oct 16, 2026; 1,241 on record since Sep 26, 2002 · See the evidence

What stands out

Two officers sold $14.5M with no disclosed plan: Carl Lindner III ($13.0M) and David Thompson Jr. ($1.5M). The filings don't state a reason.Carl Lindner III: largest such sale, Aug 26, 2026 · David Thompson Jr.: largest such sale, Jun 23, 2026
Selling picked up in the last 90 days: officers and directors sold 95K shares, against an average of 5.6K per 90 days earlier in the period. Most of it was Carl Lindner III (90K shares in the last 90 days) and Mark Weiss (2.8K shares in the last 90 days); 0% of these sales were under disclosed plans.Carl Lindner III: largest recent sale, Aug 26, 2026 · Mark Weiss: largest recent sale, Aug 6, 2026

A share of stake is shown for 0 of the 6 officers and directors who sold. 15 are left out

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Left out: Carl Lindner III, Craig Lindner, David Thompson Jr., Stephen Lindner Jr., John Berding, Gregory Joseph, Michelle Gillis, Brian Hertzman, Mark Weiss, William Verity, John Von Lehman, Mary Martin, Evans Nwankwo, Amy Murray and Roger Newport (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Carl Lindner III
Co-CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$13.0MNo plan disclosed
David Thompson Jr.
President of Subsidiary, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.5MNo plan disclosed
Brian Hertzman
SVP, CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$611KNo plan disclosed
Mark Weiss
Sr. VP & General Counsel
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$407KNo plan disclosed
Michelle Gillis
Senior Vice President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$312KNo plan disclosed
All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $253K no plan disclosedNovDecJanFeb 2026: $222K no plan disclosedFebMarAprMayJun 2026: $1.8M no plan disclosedJunJulAug 2026: $13.4M no plan disclosed$13.4MAugSep 2026: $320K no plan disclosedSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 14, 2026John Von Lehman sold 1.3K shares ($184K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
John Von Lehman
Director
1,279$143.84n/an/aSep 14, 2026Sep 14, 2026

Common questions

Is the American Financial Group Inc CEO selling stock?

Yes. Carl Lindner III sold 90K shares ($13.0M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are American Financial Group Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any American Financial Group Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Carl Lindner III
Co-CEO, Director
$13.0M
90K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
David Thompson Jr.
President of Subsidiary, Director
$1.5M
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Brian Hertzman
SVP, CFO
$611K
4.4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Mark Weiss
Sr. VP & General Counsel
$407K
2.8K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Michelle Gillis
Senior Vice President
$312K
2.2K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
John Von Lehman
Director
$184K
1.3K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 15 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Carl Lindner III
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Carl Lindner III are complete.
Co-CEO, Director
n/a−90Kn/an/a
Vesting, gifts, unvested awards and holding lines for Carl Lindner III

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Carl Lindner III are complete; balances and unit counts will be added when the check is finished.

−38Kgifted (net of own trusts)
−3.8Kwithheld by the company for taxes
Craig Lindner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Craig Lindner are complete.
Co-CEO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Craig Lindner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Craig Lindner are complete; balances and unit counts will be added when the check is finished.

−3.3Kgifted (net of own trusts)
−3.3Kwithheld by the company for taxes
David Thompson Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Thompson Jr. are complete.
President of Subsidiary, Director
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Thompson Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Thompson Jr. are complete; balances and unit counts will be added when the check is finished.

−828gifted (net of own trusts)
−1.1Kwithheld by the company for taxes
Stephen Lindner Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Stephen Lindner Jr. are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Stephen Lindner Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Lindner Jr. are complete; balances and unit counts will be added when the check is finished.

+2.2Kgifted (net of own trusts)
−761withheld by the company for taxes
John Berding
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for John Berding are complete.
President, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for John Berding

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Berding are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2Kwithheld by the company for taxes
Gregory Joseph
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gregory Joseph are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Gregory Joseph

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gregory Joseph are complete; balances and unit counts will be added when the check is finished.

+973gifted (net of own trusts)
Michelle Gillis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michelle Gillis are complete.
Senior Vice President
n/a−2.2Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michelle Gillis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michelle Gillis are complete; balances and unit counts will be added when the check is finished.

−542gifted (net of own trusts)
−730withheld by the company for taxes
Brian Hertzman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Brian Hertzman are complete.
SVP, CFO
n/a−4.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Brian Hertzman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Brian Hertzman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−727withheld by the company for taxes
Mark Weiss
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Weiss are complete.
Sr. VP & General Counsel
n/a−2.8Kn/an/a
Vesting, gifts, unvested awards and holding lines for Mark Weiss

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Weiss are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−658withheld by the company for taxes
William Verity
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Verity are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for William Verity

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Verity are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
John Von Lehman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Von Lehman are complete.
Director
n/a−1.3Kn/an/a
Vesting, gifts, unvested awards and holding lines for John Von Lehman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Von Lehman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Mary Martin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mary Martin are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Mary Martin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mary Martin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Evans Nwankwo
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Evans Nwankwo are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Evans Nwankwo

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Evans Nwankwo are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Amy Murray
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Amy Murray are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Amy Murray

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Amy Murray are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Roger Newport
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Roger Newport are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Roger Newport

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Roger Newport are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for American Financial Group Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$16.0M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $16.0M across 112,099 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $16.0M

Sales with no 10b5-1 plan and no tax reference in the filing. $13.0M of it is Carl Lindner III. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Carl Lindner III, Aug 26, 2026

Taxes

13,134 shares ($1.7M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Carl Lindner III
Co-CEO, Director
90K$13.0M0%81%Aug 24, 2026 to Aug 26, 2026
David Thompson Jr.
President of Subsidiary, Director
11K$1.5M0%10%Jun 23, 2026 to Jun 23, 2026
Brian Hertzman
SVP, CFO
4.4K$611K0%4%Nov 7, 2025 to Sep 2, 2026
Mark Weiss
Sr. VP & General Counsel
2.8K$407K0%3%Aug 6, 2026 to Aug 6, 2026
Michelle Gillis
Senior Vice President
2.2K$312K0%2%Jun 24, 2026 to Jun 24, 2026
John Von Lehman
Director
1.3K$184K0%1%Sep 14, 2026 to Sep 14, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$253K$0$0$253K
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$222K$0$0$222K
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$1.8M$0$0$1.8M
Jul 2026$0$0$0$0
Aug 2026$13.4M$0$0$13.4M
Sep 2026$320K$0$0$320K
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 6 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
112K6$16.0M
Oct 16, 2025
1 year earlier
13K3$1.8M
Oct 16, 2024
2 years earlier
18K7$2.3M
Oct 17, 2023
3 years earlier
40K5$5.8M
Oct 17, 2022
4 years earlier
17K3$2.5M
Oct 17, 2021
5 years earlier
361K8$47.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for American Financial Group Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,241 filings on record, 44 filed in the 12-month period, and how we read them

All 1,241 Forms 3, 4 and 5 on record for American Financial Group Inc (SEC CIK 1042046), filed from Sep 26, 2002 to Sep 18, 2026; 44 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 24 filings were left out because American Financial Group Inc filed them as an owner of another company's stock. 62 older filings exist only on paper and could not be read.

Probable 3-for-2 stock split on or before Dec 15, 2006 (split date stated in a footnote). Splits aren't reported as transactions; 21 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (14)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.