Form 4: AAR CORP VP-CAO & Controller, Eric Pachapa, Reports Tax Withholding Obligations Through Share Disposals
SEC Form 4 Filing
Eric Pachapa, VP-CAO & Controller of AAR CORP, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On July 31, 2024, Eric Pachapa, VP-CAO & Controller of AAR CORP, reported the disposal of 3,821 shares of common stock at $64.6 per share to satisfy tax withholding obligations related to the vesting of performance-based restricted stock.
- Additionally, Pachapa reported the disposal of 762 shares of common stock at $64.6 per share to cover tax obligations associated with the vesting of time-based restricted stock.
- Following these transactions, Pachapa beneficially owns 30,842.32 shares of AAR CORP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, so it doesn't carry a strong positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-12 | Date of Power of Attorney execution. |
| 2024-07-31 | Date of share disposal for tax withholding obligations. |
| 2024-08-01 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.