Form 4: AAR Corp Chairman, President & CEO John Holmes Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
John Holmes, Chairman, President & CEO of AAR Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- John Holmes, Chairman, President & CEO of AAR CORP, filed a Form 4 on August 1, 2024, reporting changes in beneficial ownership of AAR CORP stock.
- The report details the withholding of 18,784 shares of common stock on July 31, 2024, to satisfy tax obligations related to the vesting of performance-based restricted stock at a price of $64.6 per share.
- An additional 3,757 shares were withheld on the same date to cover tax obligations associated with the vesting of time-based restricted stock, also at $64.6 per share.
- Following these transactions, Holmes directly owns 366,680 shares of AAR CORP common stock.
- The filing was made on his behalf by Katherine Kwiat, under a power of attorney dated January 10, 2023.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it reflects standard compensation practices and insider transactions.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney granted to Jessica Garascia, Katherine Kwiat, Kim Loies, and Jamie Brown. |
| 2024-07-31 | Date of stock withholding for tax obligations related to vesting of performance-based and time-based restricted stock. |
| 2024-08-01 | Date of Form 4 filing. |
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