Form 4: Air Lease Director Sells $2.25M in Stock via 10b5-1 Plan

Air Lease Corp. Director Steven F. Udvar-Hazy reported selling a total of 35,300 shares of Class A Common Stock for approximately $2.25 million across multiple transactions in November 2025, executed under a Rule 10b5-1 plan.

Summary

• Steven F. Udvar-Hazy, a Director of Air Lease Corp. (AL), reported the sale of 35,300 shares of Class A Common Stock.
• The transactions occurred on November 21, 2025, and November 24, 2025.
• The sales were executed pursuant to a Rule 10b5-1 trading plan, indicating they were pre-scheduled.
• On November 21, 2025, 6,000 shares were sold directly at a weighted average price of $63.7989, totaling approximately $382,793.40.
• Also on November 21, 2025, 14,000 shares were sold indirectly (held by Udvar-Hazy Separate Property Trust) at a weighted average price of $63.8146, totaling approximately $893,404.40.
• On November 24, 2025, 5,000 shares were sold directly at a weighted average price of $63.8514, totaling approximately $319,257.00.
• Also on November 24, 2025, 10,300 shares were sold indirectly (held by Udvar-Hazy Separate Property Trust) at a weighted average price of $63.8531, totaling approximately $657,686.93.
• The total value of shares sold across these transactions is approximately $2,253,141.73.
• Following these transactions, direct beneficial ownership stands at 1,517,366 shares, and indirect beneficial ownership (through various trusts and entities) stands at 1,154,158 shares from the Udvar-Hazy Separate Property Trust, plus other indirect holdings through family members and other entities.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to a significant insider sale, but the negative impact is mitigated by the fact that the transactions were pre-scheduled under a Rule 10b5-1 plan, suggesting they are not based on recent, non-public adverse information.

Positives

• The reported transactions were made pursuant to a Rule 10b5-1 plan, which indicates the sales were pre-scheduled and not based on recent, non-public information, mitigating the potential negative signal of insider selling.

Negatives

• A significant sale of 35,300 shares by a director, even if pre-scheduled, reduces the insider's direct and indirect stake in the company, which can sometimes be perceived as a lack of confidence by some investors.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. Insider sales, even under 10b5-1 plans, are generally monitored by the market as part of overall sentiment analysis for a company.

Related Party Transactions

• Indirect beneficial ownership is reported through various entities and family members, including the Udvar-Hazy Separate Property Trust, the reporting person's wife, daughters, sons, grandchildren (custodian), Emerald Financial LLC (for children's trusts), Air Intercontinental, Inc. (sole stockholder), Ocean Equities, Inc. (100% owned by Hazy Family Community Property Trust), and the Hazy Family Community Property Trust itself. The reporting person disclaims beneficial ownership for certain family holdings except to the extent of pecuniary interest.

Stakeholder Impact

• Shareholders may interpret the director's sale as a potential signal, though the 10b5-1 plan context reduces the immediate concern of a lack of confidence. The reduction in direct and indirect holdings by a key director could be noted by institutional investors.

Key Dates

Recommendation

While a director's sale of over $2.25 million in company stock is a notable event, the fact that these transactions were executed under a pre-arranged Rule 10b5-1 plan suggests they are part of a long-term financial strategy rather than a reaction to recent, undisclosed negative company developments. Therefore, this filing alone does not warrant a 'sell' recommendation, but it also doesn't provide a strong 'buy' signal. Investors should 'hold' and consider this information in conjunction with the company's broader financial performance, market conditions, and other strategic announcements.

Keywords

Air Lease Corp, AL, insider trading, Form 4, stock sale, director, beneficial ownership, 10b5-1 plan