Form 4: Air Lease EVP Korde Reports Stock Vesting & Tax Sale

Air Lease Corporation's EVP Kishore Korde reported the vesting of performance-based restricted stock units and a related tax-driven sale of shares.

Summary

• Kishore Korde, EVP of Air Lease Corporation, acquired 29,319 shares of Class A Common Stock on December 31, 2025, at a price of $0.
• These shares were issued upon the vesting of performance-based restricted stock units granted under the Air Lease Corporation 2014 Equity Incentive Plan.
• Concurrently, Korde disposed of 14,889 shares of Class A Common Stock on December 31, 2025, at a price of $64.23 per share, likely for tax withholding purposes related to the vesting.
• Following these transactions, Korde directly beneficially owns 64,521 shares of Air Lease Corporation Class A Common Stock.
• Korde also indirectly holds 716, 199, and 139 shares as custodian for his children under the California Uniform Transfers to Minors Act, expressly disclaiming beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation events (RSU vesting and tax-related sales). The vesting indicates performance targets were met, which is positive, but the sale for tax purposes is neutral. No significant positive or negative operational news is conveyed.

Positives

• The vesting of 29,319 performance-based restricted stock units indicates that performance targets were met, leading to the issuance of shares to the EVP.
• The acquisition of shares at a $0 price reflects compensation through equity incentives, aligning management's interests with shareholders.

Negatives

• The disposition of 14,889 shares, while likely for tax withholding, reduces the direct beneficial ownership of the EVP.

Stakeholder Impact

• Shareholders: The vesting of performance-based units suggests management met certain performance criteria, which could be viewed positively. The tax-related sale is a neutral event.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and a subsequent sale of shares for tax purposes. It does not contain new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The vesting of performance-based units is a positive indicator of past performance, but the associated tax sale is a neutral event. Therefore, an investor would likely maintain their current position based solely on this filing.

Keywords

Air Lease Corporation, AL, Kishore Korde, EVP, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, Equity Incentive Plan, Share Ownership