Form 4: AAR CORP VP-CAO & Controller Acquires Additional Restricted Stock Following Performance Certification

Eric Pachapa, VP-CAO & Controller of AAR CORP, reports the acquisition of 5,175 shares of common stock due to the certification of performance criteria exceeding the target level, as indicated in a Form 4 filing with the SEC.

Summary

• Eric Pachapa, VP-CAO & Controller of AAR CORP, filed a Form 4 with the SEC on July 10, 2024.
• The filing reports a transaction on July 9, 2024, where Mr. Pachapa acquired 5,175 shares of AAR CORP common stock.
• This acquisition was due to the certification of performance criteria exceeding the target level, pursuant to a Restricted Stock Agreement.
• The initial target award amount was reported on a Form 4 filed on July 14, 2021.
• Following the reported transaction, Mr. Pachapa beneficially owns 30,190.32 shares of AAR CORP common stock.
• Mr. Pachapa has granted power of attorney to Katherine Kwiat, Jessica Garascia, Kim Loies, and Jamie Brown to execute Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard executive compensation transaction tied to performance.

Positives

• The acquisition of restricted stock indicates that performance criteria were met or exceeded, which could be viewed positively.

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 positive impact on shareholders as it indicates that performance targets were exceeded.

Key Dates