Form 4: Air Lease Director Sells $1.4M in Stock

Air Lease Corporation Director Steven F. Udvar-Hazy sold 22,190 shares of Class A Common Stock for approximately $1.4 million in pre-planned transactions.

Summary

• Steven F. Udvar-Hazy, a Director of Air Lease Corporation (AL), sold a total of 22,190 shares of Class A Common Stock across multiple transactions on November 11 and 12, 2025.
• The sales were executed at weighted average prices ranging from $63.90 to $63.935 per share.
• The total value of the shares sold is approximately $1,418,000.
• These transactions were conducted pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Following these transactions, Mr. Udvar-Hazy continues to beneficially own a significant number of shares directly and indirectly through various trusts and family holdings, including 2,700,000 shares via the Hazy Family Community Property Trust and 1,535,366 shares directly.

Sentiment

Score: 4

Explanation: The sale of a significant number of shares by a director, even under a 10b5-1 plan, generally carries a slightly negative sentiment as it indicates a reduction in insider exposure to the company's equity. However, the pre-planned nature mitigates the negative impact compared to unplanned sales.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating they were pre-scheduled and not based on new, non-public information.

Negatives

• A director sold a substantial number of shares, which can sometimes be interpreted as a lack of confidence, despite the 10b5-1 plan.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May view the insider selling as a slight negative signal, potentially impacting investor confidence, although the 10b5-1 plan mitigates this.

Key Dates

Recommendation

While the director's sale of approximately $1.4 million in shares is a notable event, it was conducted under a pre-arranged Rule 10b5-1 plan, which suggests the decision was made without reliance on new material non-public information. This mitigates the negative signal typically associated with insider selling. Without additional financial or operational context from other filings, a 'hold' recommendation is appropriate, advising investors to monitor future company performance and insider activity rather than making an immediate 'buy' or 'sell' decision based solely on this Form 4.

Keywords

Air Lease Corporation, AL, Steven F. Udvar-Hazy, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Equity Transaction, Beneficial Ownership