Form 4: AAR Corp Director Robert F. Leduc Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Robert F. Leduc reported the acquisition of phantom stock in AAR Corp, convertible to common stock, as per a recent SEC Form 4 filing.
Summary
- Robert F. Leduc, a director of AAR Corp, filed a Form 4 with the SEC.
- The filing reports a transaction on February 28, 2025, where Leduc acquired 219 shares of phantom stock at a price of $65.02 per share.
- These phantom stock units are the economic equivalent of common stock and become payable in cash or common stock upon termination of service or other specified dates.
- Following the reported transaction, Leduc directly owns 4,500 shares of AAR Corp common stock.
- The filing also includes a power of attorney, effective January 10, 2023, authorizing Katherine Kwiat, Jessica Garascia, Kim Loies, and Jamie Brown to execute Forms 3, 4, and 5 on Leduc's behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Effective date of the Power of Attorney. |
| 2025-02-28 | Date of phantom stock acquisition. |
| 2025-03-03 | Date of signature on the Form 4 filing. |
| 2050-02-28 | Expiration date of the phantom stock. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.