Form 4: Air Lease Corp Executive Chairman Steven Udvar-Hazy Receives Bonus Award of Restricted Stock Units

Steven Udvar-Hazy, Executive Chairman of Air Lease Corporation, reports the acquisition of 55,310 shares of Class A Common Stock as a bonus award in the form of restricted stock units.

Summary

• On March 13, 2025, Steven Udvar-Hazy, Executive Chairman of Air Lease Corporation, acquired 55,310 shares of Air Lease Corporation Class A Common Stock.
• This acquisition was a bonus award granted in the form of restricted stock units under the Air Lease Corporation 2023 Equity Incentive Plan.
• The restricted stock units will cliff vest (100%) on March 13, 2027.
• Following the transaction, Udvar-Hazy directly owns 1,541,858 shares.
• Udvar-Hazy also indirectly owns shares through his wife, daughters, sons, grandchildren, Emerald Financial LLC, Air Intercontinental, Inc., Ocean Equities, Inc., the Hazy Family Community Property Trust, and the Udvar-Hazy Separate Property Trust.

Sentiment

Score: 7

Explanation: The document reflects a positive event for the executive, indicating continued investment in the company's future. It's a routine filing, but the granting of stock units suggests confidence in the company's prospects.

Positives

• The bonus award of restricted stock units aligns the Executive Chairman's interests with the long-term performance of the company.
• The vesting schedule of the restricted stock units encourages long-term commitment from the Executive Chairman.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with shareholders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to incentivize long-term performance, a common practice among publicly traded companies like Air Lease Corporation.
• The vesting schedule of the restricted stock units is typical for executive compensation plans, aligning with industry standards for retention and performance incentives.
• Comparing the total number of shares owned by Udvar-Hazy to those held by executives at similar companies (e.g., AerCap, BOC Aviation) would provide further context on the magnitude of his stake.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment, as it demonstrates the Executive Chairman's continued commitment to the company.
• Employees may view the bonus award as a positive sign of the company's financial health and commitment to its leadership.

Key Dates