Form 4: AAR CORP Executive Christopher Jessup Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Christopher Jessup, Senior Vice President-CCO of AAR CORP, reports the withholding of 4,326 common stock shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 25, 2025, Christopher Jessup, Senior Vice President-CCO of AAR CORP, reported a transaction involving the withholding of 4,326 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of time-based restricted stock granted on March 25, 2022.
- The price per share for the withholding was $69.62.
- Following the transaction, Jessup beneficially owns 58,882.525 shares of AAR CORP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily indicate a significant trend within the broader aerospace or aviation industry.
Comparison to Industry Standards
- Executive compensation practices, including stock grants and vesting schedules, are common across publicly traded companies in the aerospace and defense industry.
- Companies like Boeing, Lockheed Martin, and General Dynamics also utilize stock-based compensation as part of their executive pay packages.
- The specific details of these packages, such as vesting schedules and tax withholding practices, are typically disclosed in SEC filings like this Form 4.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
- The filing provides transparency regarding executive compensation practices, which can be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| January 18, 2023 | Date of Power of Attorney execution, granting authority to Katherine Kwiat, Jessica Garascia, Kim Loies, and Jamie Brown to execute Forms 3, 4, and 5 on behalf of Christopher Jessup. |
| March 25, 2022 | Date of grant for the time-based restricted stock that vested, leading to the tax withholding. |
| March 25, 2025 | Date of the transaction where 4,326 shares of common stock were withheld to satisfy tax obligations. |
| March 26, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, AAR CORP, Christopher Jessup, Stock withholding, Tax obligations, Beneficial ownership, Restricted stock, Securities Exchange Act, Officer transaction
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