Form 4: AAR CORP Executive Jessica Garascia Reports Stock Transactions to Cover Tax Obligations
SEC Form 4 Filing
Jessica Garascia, Senior VP, GC, CAO & Secretary of AAR CORP, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- Jessica A. Garascia, a Senior VP, GC, CAO & Secretary at AAR CORP, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On July 31, 2024, shares of common stock were withheld to satisfy tax obligations related to the vesting of performance-based restricted stock (7,343 shares at $64.6) and time-based restricted stock (1,467 shares at $64.6).
- Following these transactions, Garascia directly owns 39,065 shares of AAR CORP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock transactions related to compensation and tax obligations, which is a common practice.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the withholding of shares for tax obligations, not open market sales.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-07-31 | Date of stock transactions (withholding for tax obligations). |
| 2024-08-01 | Date of Form 4 filing. |
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