Form 4: AerCap General Counsel Converts 15,000 RSUs

AerCap Holdings N.V. General Counsel Vincent Drouillard converted 15,000 restricted share units into ordinary shares, with a portion withheld for tax obligations.

Summary

• Vincent Drouillard, General Counsel of AerCap Holdings N.V., converted 15,000 Restricted Share Units (RSUs) into ordinary shares on April 20, 2026.
• Following the conversion, 5,903 shares were withheld by the company to satisfy tax withholding obligations at a price of $147.45 per share.
• The remaining shares are held indirectly through the AerCap Holdings N.V. Equity Incentive Plans Trust to optimize tax benefits under Irish law.
• The reporting person now holds a total of 204,996 ordinary shares, consisting of 25,071 shares held directly and 179,925 shares held indirectly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive administrative event, confirming executive retention and long-term alignment through 2030.

Positives

• The General Counsel maintains a significant equity stake in the company, totaling over 200,000 shares.
• The conversion of RSUs into restricted shares with a 2030 vesting date indicates long-term executive alignment with the company's future performance.

Negatives

• A total of 5,903 shares were disposed of to cover tax liabilities, which is a standard but dilutive-style reduction in the executive's potential net share increase.

Risks

• The 15,000 restricted shares are subject to service-based vesting conditions and will not fully vest until April 30, 2030.
• A significant portion of the executive's holdings (66,715 shares) remains subject to both service and performance-based vesting conditions, introducing risk if company targets are not met.

Future Outlook

The reporting person's newly acquired restricted shares are scheduled to vest on April 30, 2030, suggesting a long-term incentive structure designed to retain key management over the next four years.

Management Comments

• Shares are held by the AerCap Holdings N.V. Equity Incentive Plans Trust in order to achieve certain tax benefits under Irish law.

Industry Context

StockSavvy.ai notes that AerCap, as a global leader in aviation leasing, utilizes complex equity incentive structures involving Irish trusts to manage the tax implications for its international executive team, a practice common among major Dublin-based aircraft lessors.

Comparison to Industry Standards

• AerCap's executive equity retention is high compared to smaller peers in the aircraft leasing sector.
• The use of a 5-year vesting tail (2025 to 2030) for RSUs is more conservative and long-term focused than the standard 3-year vesting period seen in many S&P 500 companies.
• The share price of $147.45 reflects the company's valuation in the context of the broader aerospace recovery cycle.

Related Party Transactions

• The reporting person received 15,000 shares as a compensatory award from the issuer, held via a company-sponsored trust.

Stakeholder Impact

• Shareholders may view the General Counsel's continued accumulation of shares and long-term vesting schedule as a sign of management stability.

Next Steps

• Vesting of 15,000 restricted shares on April 30, 2030.

Key Dates

Recommendation

This filing is a routine report of insider compensation activity and does not reflect a change in corporate strategy or financial health that would warrant a change in investment thesis.

Keywords

AerCap Holdings, AER, Insider Trading, Form 4, Vincent Drouillard, Restricted Share Units, Executive Compensation, Aircraft Leasing