Form 4: Air Lease Corporation Executive Grant Levy Reports Changes in Beneficial Ownership

Grant Levy, EVP of Air Lease Corporation, reports acquisition and disposal of company stock, including shares acquired through restricted stock units.

Summary

• On February 25, 2024, Grant Levy, an Executive Vice President at Air Lease Corporation, reported changes in his beneficial ownership of the company's Class A Common Stock.
• He disposed of 3,076 shares to cover tax obligations at a price of $39.97 per share.
• Levy also acquired 6,017 shares of restricted stock units under the Air Lease Corporation 2023 Equity Incentive Plan.
• Following these transactions, Levy directly owns 158,315 shares of Air Lease Corporation Class A Common Stock.
• He also indirectly owns 4,100 shares held by his son, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of 6,017 restricted stock units demonstrates continued alignment of executive interests with the company's long-term performance.

Future Outlook

The restricted stock units vest in three annual installments beginning on February 25, 2025, suggesting a multi-year incentive structure.

Industry Context

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

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The vesting schedule of the restricted stock units may incentivize management to focus on long-term value creation.

Key Dates