Form 4: AAR CORP Director Robert F. Leduc Acquires Phantom Stock
SEC Form 4 Filing
Director Robert F. Leduc acquired 214 shares of phantom stock in AAR CORP on February 29, 2024, according to a Form 4 filing.
Summary
- Robert F. Leduc, a director of AAR CORP, acquired 214 shares of phantom stock on February 29, 2024, at a price of $66.78 per share.
- Following the transaction, Leduc directly owns 3,659 shares of phantom stock.
- The phantom stock becomes payable in cash or common stock upon Leduc's termination of service as a director or on other dates specified by the director pursuant to the Non-Employee Directors' Deferred Compensation Plan.
- Katherine Kwiat, acting as power of attorney, signed the Form 4 on March 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Future Outlook
The phantom stock becomes payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director or on other dates as specified by the director pursuant to the Non-Employee Directors' Deferred Compensation Plan.
Industry Context
This filing reflects routine insider activity related to director compensation plans, which is common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves phantom stock, which is part of the director's compensation.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-02-29 | Date of phantom stock transaction. |
| 2024-03-01 | Date of Form 4 signature. |
| 2031-09-30 | Expiration date of the phantom stock. |
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