Form 4: AAR Corp Senior VP-CFO Sean M. Gillen Reports Tax Withholding Obligations After Stock Vesting
SEC Form 4 Filing
Sean M. Gillen, Senior VP-CFO of AAR Corp, reports the withholding of shares to cover tax obligations related to the vesting of restricted stock.
Summary
- On July 31, 2024, Sean M. Gillen, Senior VP-CFO of AAR Corp, reported the withholding of 11,740 shares of common stock to satisfy tax obligations related to the vesting of performance-based restricted stock.
- Additionally, 2,348 shares of common stock were withheld to cover tax obligations associated with the vesting of time-based restricted stock.
- Following these transactions, Gillen beneficially owns 72,326.203 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 transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 10, 2023 | Date of Power of Attorney execution. |
| July 31, 2024 | Date of the reported transactions (stock withholding for tax obligations). |
| August 01, 2024 | Date of signature for the report. |
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