Form 4: AAR Corp Director Walfish Acquires Phantom Stock
SEC Form 4 Filing
Director Marc Jay Walfish acquired 543 shares of phantom stock in AAR Corp on February 29, 2024, according to a Form 4 filing.
Summary
- On February 29, 2024, Marc Jay Walfish, a director of AAR Corp, acquired 543 shares of phantom stock at a price of $66.78 per share.
- Following the transaction, Walfish directly owns 49,796 shares of AAR Corp.
- The phantom stock is the economic equivalent of common stock and becomes payable in cash or common stock upon termination of service or other specified dates.
- The transaction was reported on March 1, 2024, via a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-02-29 | Date of phantom stock acquisition. |
| 2024-02-29 | Phantom stock exercisable date. |
| 2024-09-30 | Phantom stock expiration date. |
| 2024-03-01 | Date of Form 4 filing. |
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