Form 4: Air Lease CFO's Equity Vesting and Tax Sale

Air Lease Corporation's EVP and CFO, Gregory B. Willis, reported the vesting of performance-based restricted stock units and a subsequent sale of shares for tax withholding purposes.

Summary

• Gregory B. Willis, Executive Vice President and Chief Financial Officer of Air Lease Corporation (AL), reported transactions involving the company's Class A Common Stock.
• On December 31, 2025, Willis acquired 29,061 shares of Class A Common Stock at a price of $0 per share. These shares were issued upon the vesting of performance-based restricted stock units granted under the Air Lease Corporation 2014 Equity Incentive Plan.
• Concurrently, on December 31, 2025, Willis disposed of 14,758 shares of Class A Common Stock at a price of $64.23 per share. This disposition is typically for tax withholding obligations related to the RSU vesting.
• Following these reported transactions, Willis directly beneficially owns 70,711 shares of Air Lease Corporation Class A Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: The filing reports a routine executive compensation event involving the vesting of performance-based restricted stock units and a subsequent tax-related sale. This is generally a neutral to slightly positive event, as RSU vesting implies performance targets were met, but the sale for tax purposes is a standard, non-discretionary action.

Positives

• The vesting of 29,061 performance-based restricted stock units indicates that specific performance targets were met, leading to the issuance of shares to the EVP and CFO.
• The transaction was executed under a Rule 10b5-1(c) plan, demonstrating a pre-arranged and compliant approach to insider equity transactions.

Negatives

• The disposition of 14,758 shares, although primarily for tax withholding, results in a reduction of the EVP and CFO's direct beneficial ownership in the company.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an executive's equity compensation event and does not provide specific insights into broader industry trends or competitive landscape for the aircraft leasing sector.

Stakeholder Impact

• Shareholders: Minor, routine impact. The vesting of RSUs is part of the approved compensation structure, and the tax-related sale is a common occurrence. It signals that executive compensation plans are functioning as intended.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled executive compensation event involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. Such transactions are common and typically do not reflect new discretionary investment decisions by the insider or provide new material information that would alter the fundamental investment thesis for Air Lease Corporation. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Air Lease Corporation, AL, Form 4, insider transaction, executive compensation, restricted stock units, RSU vesting, stock sale, tax withholding, Gregory B. Willis, 10b5-1 plan