Form 4: AAR CORP VP-CAO & Controller Reports Stock Transactions
SEC Form 4
Eric Pachapa, VP-CAO & Controller of AAR CORP, reports the sale of common stock and exercise of stock options on May 6, 2024.
Summary
- On May 6, 2024, Eric Pachapa, VP-CAO & Controller of AAR CORP, executed transactions involving the company's common stock.
- Pachapa exercised stock options for 14 shares at a price of $50.93.
- He then sold 14 shares at a weighted average price of $70.9626.
- Additionally, he sold 5,107 shares at the same weighted average price of $70.9626.
- Following these transactions, Pachapa directly owns 25,015.32 shares of AAR CORP common stock.
- He also holds options for 7 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023-01-12 | Date of Power of Attorney execution. |
| 2023-03-25 | First vesting date of stock options (33 1/3%). |
| 2024-03-25 | Second vesting date of stock options (33 1/3%). |
| 2024-05-06 | Date of stock option exercise and stock sales. |
| 2025-03-25 | Third vesting date of stock options (33 1/3%). |
| 2032-03-25 | Expiration date of stock options. |
| 2024-05-08 | Date of Form 4 signature. |
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