Form 4: AerSale Corp Director Andrew Levy Awarded Restricted Stock Units

Director Andrew Levy received 16,960 restricted stock units of AerSale Corp on June 5, 2024, which will vest on June 5, 2025, subject to continued service.

Summary

• On June 5, 2024, Andrew C. Levy, a director of AerSale Corp, was granted 16,960 restricted stock units (RSUs).
• These RSUs were awarded under the Second Amended and Restated Non-Employee Director Compensation Policy.
• The RSUs will vest 100% on June 5, 2025, contingent upon Levy's continued service on the Board of Directors.
• Each RSU will convert into one share of AerSale Corp's common stock upon vesting.
• Following the transaction, Levy directly owns 39,538 shares of AerSale Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard director compensation practices and aligns interests with shareholders. No immediate financial impact is apparent.

Positives

• The award of restricted stock units aligns the director's interests with the long-term performance of the company.
• Continued service requirement ensures commitment to the company's success.

Risks

• The vesting of the RSUs is contingent upon continued service, creating a potential risk if the director leaves the board before the vesting date.

Future Outlook

The vesting of the RSUs in 2025 is dependent on the director's continued service, suggesting an expectation of ongoing involvement with AerSale Corp.

Industry Context

Director compensation through stock awards is a common practice in publicly traded companies to align management's interests with those of shareholders. This encourages long-term value creation.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across the aerospace and defense industries.
• Companies like Boeing, Lockheed Martin, and RTX (formerly Raytheon Technologies) utilize similar equity-based compensation plans to incentivize their board members.
• The specific amount and vesting schedule of the RSUs would need to be compared against industry benchmarks to determine if they are in line with typical director compensation packages.

Stakeholder Impact

• Shareholders: Aligns director's interests with company performance.
• Employees: May boost morale by demonstrating confidence in the company's future.

Key Dates