Form 4: AIRI CFO Scott Glassman Reports Equity Holdings

AIR Industries Group's Chief Financial Officer, Scott Glassman, filed a Form 4 detailing his beneficial ownership of common stock, restricted stock units, and stock options.

Summary

• Scott Glassman, Chief Financial Officer of AIR INDUSTRIES GROUP (AIRI), filed a Form 4 detailing his beneficial ownership of company securities.
• He directly owns 11,982 shares of common stock.
• On February 12, 2026, he acquired 12,159 Restricted Stock Units (RSUs) which vested upon grant. These RSUs are scheduled for settlement on the later of the first anniversary of the award date (February 12, 2027) or the occurrence of a Change in Control, but no later than the eighteen-month anniversary of the award date (August 12, 2027) if no Change in Control occurs.
• He also holds 40,854 Restricted Stock Units granted on August 26, 2024, with 20,427 units having vested on April 1, 2025, and subsequent tranches of 20,427 units scheduled to vest on April 1, 2026, and April 1, 2027, respectively, contingent on continued employment.
• Additionally, he holds a total of 16,350 fully vested stock options with exercise prices ranging from $3.43 to $13.90, and expiration dates between March 31, 2026, and June 30, 2028.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively as it indicates an increase in the CFO's equity stake through RSU grants, which aligns management's interests with long-term shareholder value and demonstrates continued commitment to the company.

Positives

• The acquisition of 12,159 Restricted Stock Units (RSUs) on February 12, 2026, increases the CFO's equity stake, further aligning management interests with shareholder value.
• A significant portion of the CFO's compensation is tied to company performance through equity awards, including 40,854 RSUs with future vesting dates and 16,350 fully vested stock options, which incentivizes long-term commitment and performance.

Risks

• The vesting of 40,854 Restricted Stock Units is contingent upon continued employment through the applicable vesting dates (April 1, 2026, and April 1, 2027), posing a retention risk if employment ceases.
• The settlement of 12,159 RSUs is tied to a Change in Control event or specific anniversaries, introducing uncertainty regarding the exact timing of share receipt.

Future Outlook

The filing indicates future vesting dates for Restricted Stock Units on April 1, 2026, and April 1, 2027, contingent on continued employment. The settlement of 12,159 RSUs is also tied to future events, including a potential Change in Control or specific anniversaries, with an earliest settlement date of February 12, 2027, and a latest of August 12, 2027.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one, are standard disclosures for public company officers and directors. They provide transparency into insider holdings and compensation structures. While this filing details an increase in the CFO's equity compensation through RSU grants, it does not inherently signal broader industry trends or competitive positioning for AIR Industries Group. The structure of equity awards, including vesting schedules and settlement conditions, is typical for executive compensation packages designed to align management incentives with long-term shareholder value.

Comparison to Industry Standards

• StockSavvy.ai observes that the mix of common stock, restricted stock units, and stock options in Scott Glassman's compensation package is consistent with executive compensation practices across the aerospace and defense manufacturing sector.
• Executives at comparable companies like TransDigm Group (TDG) or Heico Corporation (HEI) often receive a significant portion of their compensation in equity, including performance-based and time-based restricted stock units, and stock options, to incentivize long-term performance and retention.
• The vesting schedules, particularly those tied to continued employment, are standard mechanisms to ensure executive commitment.
• The inclusion of a Change in Control clause for some RSUs is also a common feature in executive agreements, providing protection and incentive during M&A activities.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholders due to higher equity ownership.
• Employees: The vesting conditions tied to continued employment for RSUs can serve as a retention mechanism for key executives.

Next Steps

• Scheduled vesting of 20,427 Restricted Stock Units on April 1, 2026, assuming continued employment.
• Expiration of 2,250 stock options on March 31, 2026.
• Expiration of 2,000 stock options on July 31, 2026.
• Scheduled vesting of 20,427 Restricted Stock Units on April 1, 2027, assuming continued employment.
• Potential settlement of 12,159 Restricted Stock Units on February 12, 2027, or later, depending on a Change in Control event, but no later than August 12, 2027.
• Expiration of 3,000 stock options on March 31, 2027.
• Expiration of 5,000 stock options on May 31, 2028.
• Expiration of 4,100 stock options on June 30, 2028.

Key Dates

Recommendation

This Form 4 filing details routine insider equity compensation and holdings, which is generally a neutral event. While the increase in the CFO's equity stake through RSU grants is a positive for aligning interests, it does not present new fundamental information that would warrant a strong buy or sell recommendation. Investors should hold and monitor future company performance and broader market conditions.

Keywords

AIR Industries Group, AIRI, Scott Glassman, Chief Financial Officer, Form 4, Beneficial Ownership, Restricted Stock Units, Stock Options, Insider Trading, Equity Compensation, Corporate Governance