AIR.NYSEAar CORP

Form 4: AAR CORP Executive Jessup Reports Stock Withholding for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Christopher Jessup, Senior Vice President-CCO of AAR CORP, reports the withholding of shares to cover tax obligations related to vesting restricted stock.

Summary

  • Christopher Jessup, a Senior Vice President-CCO at AAR CORP, filed a Form 4 on August 1, 2024, reporting changes in beneficial ownership of AAR CORP stock.
  • The report details the withholding of 5,948 shares of common stock to satisfy tax obligations related to the vesting of performance-based restricted stock on July 31, 2024, at a price of $64.6 per share.
  • Additionally, 1,188 shares were withheld on the same date to cover tax obligations associated with the vesting of time-based restricted stock, also at $64.6 per share.
  • Following these transactions, Jessup directly owns 70,296.525 shares of AAR CORP common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The stock withholding may slightly reduce the number of shares available in the market, but the impact is likely minimal.

Key Dates

DateDescription
January 18, 2023Date 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.
July 31, 2024Date of stock withholding for tax obligations related to vesting of performance-based and time-based restricted stock.
August 01, 2024Date of Form 4 filing.

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