Form 4: Air Lease Director Udvar-Hazy Disposes Shares for Tax

Air Lease Corp Director Steven F. Udvar-Hazy disposed of 37,696 Class A Common Stock shares at $64.85 each to cover tax liabilities.

Summary

• Steven F. Udvar-Hazy, a Director of Air Lease Corp (AL), reported a transaction on February 25, 2026.
• The transaction involved the disposition of 37,696 shares of Air Lease Corporation Class A Common Stock.
• The shares were disposed of at a price of $64.85 per share, totaling approximately $2,444,000.60.
• The transaction code 'F' indicates that the shares were disposed of to cover tax liabilities.
• Following this transaction, Steven F. Udvar-Hazy directly beneficially owns 1,325,528 shares of Class A Common Stock.
• The filing also details various indirect beneficial ownerships through family members and trusts, including shares held by his wife, daughters, sons, grandchildren (as custodian), Emerald Financial LLC, Air Intercontinental, Inc., Ocean Equities, Inc., the Hazy Family Community Property Trust 5/28/85, and the Udvar-Hazy Separate Property Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition is a routine tax-related transaction and not indicative of a change in the director's confidence in the company.

Positives

• The filing provides transparency regarding insider ownership and transactions, which is beneficial for market integrity.
• The transaction is a routine tax-related disposition, not indicative of a lack of confidence in the company's future.

Negatives

• The direct beneficial ownership of the reporting person decreased by 37,696 shares following the disposition.

Risks

• A reduction in direct insider ownership, even for tax purposes, could be misinterpreted by some investors as a signal of reduced confidence, although in this context, it is a routine event.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as dispositions to cover tax liabilities, are common occurrences across all industries and generally do not signal significant shifts in company fundamentals or broader industry trends. Such filings primarily serve to maintain transparency in insider holdings.

Related Party Transactions

• The filing details indirect beneficial ownership through various related parties, including the reporting person's wife (30,745 shares), daughters (14,050 and 19,500 shares), sons (10,000 and 21,500 shares), grandchildren (3 x 1,300 shares as custodian), Emerald Financial LLC (31,000 shares, with trusts for children owning membership interests), Air Intercontinental, Inc. (321,350 shares, reporting person is sole stockholder), Ocean Equities, Inc. (71,000 shares, 100% owned by Hazy Family Community Property Trust), Hazy Family Community Property Trust 5/28/85 (2,640,000 shares, reporting person is trustee and beneficial owner), and Udvar-Hazy Separate Property Trust (955,526 shares, reporting person is trustee).

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine tax-related transaction and does not reflect a change in the company's operational or financial performance.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by a director to cover tax liabilities, which is a common occurrence and does not typically signal a change in the company's fundamental outlook or the director's long-term confidence. Therefore, a 'hold' recommendation is appropriate as this event alone does not warrant a change in investment thesis.

Keywords

Air Lease Corp, AL, Steven F. Udvar-Hazy, Form 4, Insider Transaction, Stock Disposition, Director Ownership, Tax Liability