Form 4: AAR Corp Director Marc Walfish Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Marc Walfish reports acquiring phantom stock in AAR Corp, convertible to common stock upon termination of service.
Summary
- On May 31, 2024, AAR Corp director Marc Jay Walfish acquired 511 shares of phantom stock at a price of $70.99 per share.
- These phantom stock units are the economic equivalent of common stock and become payable in cash or common stock upon the director's termination of service or on other dates specified in the Non-Employee Directors' Deferred Compensation Plan.
- Following this transaction, Walfish directly owns 50,307 shares of AAR Corp common stock.
- Katherine Kwiat, acting as power of attorney, signed the report on June 3, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-05-31 | Date of phantom stock transaction. |
| 2024-05-31 | Date the phantom stock is exercisable. |
| 2050-05-31 | Expiration date of the phantom stock. |
| 2024-06-03 | Date of Form 4 filing. |
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