Form 4: AAR Corp Senior VP-CFO Sean M. Gillen Reports Acquisition of Shares and Stock Options
SEC Form 4
Sean M. Gillen, Senior VP-CFO of AAR Corp, reports the acquisition of common stock and stock options on July 22, 2024.
Summary
- On July 22, 2024, Sean M. Gillen, Senior VP-CFO of AAR CORP, acquired 4,395 shares of common stock at a price of $67.02 per share.
- Additionally, Mr. Gillen acquired 13,180 shares of common stock at the same price of $67.02 per share.
- Mr. Gillen also acquired 11,540 stock options with an exercise price of $67.02, expiring on July 22, 2034.
- Following these transactions, Mr. Gillen directly owns 86,414.203 shares of AAR CORP common stock and 11,540 stock options.
- The stock option vests in three annual installments starting July 31, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard regulatory filing detailing insider transactions.
Positives
- The acquisition of shares by a high-ranking officer could be interpreted as a positive signal about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The acquisition of shares by a company executive may influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-07-22 | Date of the reported transactions: acquisition of common stock and stock options. |
| 2024-07-23 | Date of signature of the report by power of attorney. |
| 2025-07-31 | First vesting date for the acquired stock options. |
| 2026-07-31 | Second vesting date for the acquired stock options. |
| 2027-07-31 | Third vesting date for the acquired stock options. |
| 2034-07-22 | Expiration date of the acquired stock options. |
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