Form 4: AAR CORP Executive Acquires Restricted Stock After Exceeding Performance Targets
Insider Transaction Report
AAR CORP's VP-CAO & Controller, Eric Pachapa, acquired 5,820 shares of common stock as restricted stock, indicating the achievement of performance criteria beyond target levels.
Summary
- Eric Pachapa, VP-CAO & Controller of AAR CORP (AIR), acquired 5,820 shares of the company's common stock.
- The acquisition occurred on July 15, 2025, and the shares were acquired at a price of $0 per share.
- These shares represent additional restricted stock awarded upon the certification of performance criteria, which were met at a level exceeding the target.
- Following this transaction, Eric Pachapa beneficially owns a total of 28,539.32 shares of AAR CORP common stock.
- The initial target award amount related to this restricted stock was previously reported on a Form 4 filed on July 20, 2022.
Sentiment
Score: 8
Explanation: The acquisition of restricted stock by a key executive due to exceeding performance criteria is a strong positive signal, indicating successful achievement of internal goals and aligning executive interests with shareholders.
Positives
- VP-CAO & Controller Eric Pachapa acquired 5,820 shares of common stock, increasing his direct ownership in the company.
- The acquisition was a result of performance criteria being exceeded, indicating strong individual and potentially company performance against set goals.
Future Outlook
NA
Management Comments
- Represents additional restricted stock acquired upon certification of performance criteria (at a level exceeding the target level) pursuant to a Restricted Stock Agreement.
Industry Context
This Form 4 filing details a specific insider transaction and does not provide broader industry context or trends.
Related Party Transactions
- Acquisition of 5,820 shares of restricted common stock by Eric Pachapa, VP-CAO & Controller, from AAR CORP as a performance-based award.
Stakeholder Impact
- Shareholders: Positive, as it indicates management's confidence in the company's performance and aligns executive incentives with shareholder value creation.
- Employees: May signal a performance-driven culture and the potential for similar incentive programs based on achieving or exceeding targets.
Key Dates
| Date | Description |
|---|---|
| 07/20/2022 | Date the initial target award amount for the restricted stock was reported on a Form 4. |
| 01/12/2023 | Date Eric Pachapa executed the Power of Attorney for executing Forms 3, 4, and 5. |
| 07/15/2025 | Date of the common stock acquisition by Eric Pachapa. |
| 07/17/2025 | Date the Form 4 was signed by Katherine Kwiat, acting as power of attorney. |
Recommendation
holdKeywords
AAR CORP, AIR, Form 4, Insider Transaction, Restricted Stock, Executive Compensation, Stock Acquisition, Performance-Based Award
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