Form 4: AAR CORP SVP Garascia exercises options, sells 6,284 shares

On March 26, 2026, Senior VP Jessica A. Garascia exercised options and sold 6,284 AAR CORP shares at a $112.2006 average, leaving beneficial ownership unchanged at 29,557.

Summary

• On 03/26/2026, Senior VP, General Counsel, CAO & Secretary Jessica A. Garascia exercised stock options and sold the same number of shares in same-day transactions.
• Options exercised: 2,368 at $41.88; 1,778 at $58.27; 2,138 at $67.02.
• Shares sold: 6,284 total at a weighted average price of $112.2006 (individual sales ranged from $111.8200 to $113.2400).
• Beneficial ownership in AAR CORP common stock remained unchanged at 29,557 shares after the transactions.
• Derivative positions after the transactions: 0 options remain at $41.88; 1,483 options remain at $58.27 (expire 07/24/2033); 4,277 options remain at $67.02 (expire 07/22/2034).
• Form was signed by attorney-in-fact on 03/30/2026 under a Power of Attorney executed on 01/10/2023.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider option exercise with same-day sales, resulting in no change to core holdings and limited informational content for fundamentals.

Positives

• No net reduction in equity stake: beneficial ownership remained 29,557 shares after all transactions.
• Older option grant at $41.88 was fully exercised and cleared, simplifying the derivative overhang.
• Continued alignment with shareholders via 29,557 common shares plus remaining vested/unvested options (1,483 at $58.27; 4,277 at $67.02) with expirations through 2034.

Negatives

• Insider sold 6,284 shares on 03/26/2026 at a weighted average price of $112.2006, which some investors may view as a modest negative sentiment signal.

Future Outlook

No forward-looking statements or guidance are included.

Industry Context

StockSavvy.ai notes that same-day option exercise-and-sell transactions are common across U.S. equities, including aerospace and defense peers, and typically reflect routine liquidity or tax management rather than an operational signal.

Comparison to Industry Standards

• Comparable to routine cashless exercises seen at aerospace/defense peers such as HEICO (HEI), TransDigm (TDG), and Boeing (BA), where executives often exercise vested options and sell shares without changing core holdings.
• Transaction size (6,284 shares) appears modest relative to typical insider volumes at mid-cap aerospace names, aligning with standard Section 16 trading patterns.
• Retention of a core shareholding post-transaction is consistent with executive equity-holding guidelines commonly observed across the sector.

Stakeholder Impact

• Minimal operational impact; disclosure informs shareholders of insider activity.
• Potential for modest perception of insider selling, mitigated by no net change in beneficial ownership.
• Transparency maintained via detailed price range disclosure and use of Power of Attorney for timely filing.

Key Dates

Recommendation

The activity reflects a routine exercise-and-sell with no net change to insider ownership and no implications for company fundamentals; a neutral stance is appropriate based solely on this disclosure.

Keywords

Form 4, insider transaction, insider selling, stock option exercise, AAR CORP, AIR, Jessica A. Garascia, beneficial ownership, weighted average price, Power of Attorney