Form 4: AAR Corp Senior VP Jessica Garascia Sells 7,352 Shares
SEC Form 4 Filing
Jessica A. Garascia, Senior VP, GC, CAO & Secretary of AAR CORP, sold 7,352 shares of common stock at an average price of $63.3722 on April 9, 2024.
Summary
- On April 9, 2024, Jessica A. Garascia, Senior VP, GC, CAO & Secretary of AAR CORP [AIR], sold 7,352 shares of the company's common stock.
- The sale was executed at a weighted average price of $63.3722 per share.
- The prices for individual transactions ranged from $62.3700 to $63.3850.
- Following the transaction, Garascia directly owns 28,165 shares of AAR CORP common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An officer sold shares, which could be for various personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Industry Context
This is a routine disclosure of an insider stock sale. It's important to monitor such filings to understand management's perspective on the company's valuation and future prospects. However, one sale is not necessarily indicative of a trend.
Stakeholder Impact
- The sale of shares by a company insider could cause short-term uncertainty among shareholders.
Key Dates
| Date | Description |
|---|---|
| 2023-01-10 | Date of Power of Attorney execution. |
| 2024-04-09 | Date of stock sale transaction. |
| 2024-04-11 | Date of signature for the Form 4 filing. |
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