Form 4: Air Lease Director Sells, Gifts Shares in December 2025

Air Lease Corp. Director Steven F. Udvar-Hazy reported multiple sales and gifts of Class A Common Stock in mid-December 2025, primarily through pre-arranged plans.

Summary

• Steven F. Udvar-Hazy, a Director of Air Lease Corp. (AL), reported transactions involving the company's Class A Common Stock.
• On December 12, 2025, a total of 82,000 shares were sold directly and indirectly at weighted average prices ranging from $63.9899 to $64.02 per share.
• On December 15, 2025, an additional 67,632 shares were sold directly and indirectly at weighted average prices ranging from $64.1249 to $64.2426 per share.
• On December 16, 2025, a total of 105,000 shares were disposed of via gift (G transaction code) without monetary consideration, with 104,000 shares directly owned and 1,000 shares indirectly owned.
• The transactions resulted in a decrease in direct beneficial ownership to 1,287,366 shares and various changes in indirect beneficial ownership across several trusts and entities.
• The filing indicates that transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral. While director sales can sometimes be viewed negatively, the indication of a Rule 10b5-1 plan suggests these are pre-scheduled transactions rather than a reactive disposition, thus mitigating negative sentiment.

Negatives

• The disposition of a significant number of shares by a director, even if pre-planned, could be perceived by some investors as a lack of confidence, though the 10b5-1 plan mitigates this interpretation.

Related Party Transactions

• Shares are held indirectly by various entities and trusts, including Ocean Equities, Inc., Hazy Family Community Property Trust 5/28/85, Udvar-Hazy Separate Property Trust, Emerald Financial LLC, and Air Intercontinental, Inc., all of which the reporting person has a beneficial interest or control over.
• Shares are also indirectly owned by the reporting person's wife, daughters, sons, and grandchildren, with beneficial ownership disclaimed by the reporting person except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may observe the director's disposition of shares, which could influence market perception, although the 10b5-1 plan context typically reduces concerns about insider sentiment.

Key Dates

Keywords

Air Lease Corp, AL, Steven F. Udvar-Hazy, Insider Trading, Form 4, Stock Sales, Beneficial Ownership, Director Transactions, Equity Disposition, 10b5-1 Plan