SCHEDULE: Steven Udvar-Hazy's Air Lease Stake Nears 5%

Steven F. Udvar-Hazy, a key figure at Air Lease Corporation, reported a beneficial ownership of 4.76% of the company's Class A Common Stock as of December 31, 2025.

Summary

• Steven F. Udvar-Hazy beneficially owns an aggregate of 5,340,156 shares of Air Lease Corporation's Class A Common Stock.
• This ownership represents 4.76% of the total 112,129,692 Class A Common Stock outstanding as of December 31, 2025.
• The beneficial ownership includes 1,127,301 shares held directly by Mr. Udvar-Hazy, and shares held through various entities such as Air Intercontinental, Inc. (321,350 shares), Ocean Equities, Inc. (71,000 shares), and Emerald Financial LLC (31,000 shares).
• Significant portions are also held through trusts where Mr. Udvar-Hazy has sole voting and investment power: Hazy Family Community Property Trust 5/28/85 (2,640,000 shares) and Udvar-Hazy Separate Property Trust (955,526 shares).
• The total also includes 94,284 shares underlying restricted stock units that vest within 60 days of December 31, 2025.
• An aggregate of 95,795 shares held directly by Mr. Udvar-Hazy's wife and children are included in the total, though Mr. Udvar-Hazy expressly disclaims beneficial ownership of these specific shares.

Sentiment

Score: 7

Explanation: Steven F. Udvar-Hazy, a key figure, maintains a substantial beneficial ownership stake of 4.76% in Air Lease Corporation, indicating strong alignment with the company's long-term success and shareholder interests.

Positives

• Significant insider ownership by Steven F. Udvar-Hazy, a prominent figure in the company, indicates strong alignment of interests with shareholders.
• A substantial portion of the beneficial ownership is held through trusts where Mr. Udvar-Hazy maintains sole voting and investment power, demonstrating a long-term commitment to the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares held directly in aggregate by Mr. Udvar-Hazy's wife and children (95,795 shares) are included in the beneficial ownership calculation, although he disclaims beneficial ownership of these specific shares.
• Shares held by entities where Mr. Udvar-Hazy has sole voting and investment power, such as Air Intercontinental, Inc., Ocean Equities, Inc., Emerald Financial LLC, and various family trusts, represent holdings where family members may have pecuniary interests.

Stakeholder Impact

• Shareholders: The significant beneficial ownership by a key insider like Steven F. Udvar-Hazy can be viewed positively, suggesting confidence in the company's future and aligning his interests with those of other shareholders.
• Management/Board: A large insider stake can influence corporate governance and strategic decisions, potentially leading to more stable long-term planning.

Key Dates

Recommendation

The filing indicates a stable, significant insider ownership by Steven F. Udvar-Hazy, a prominent figure in the company. While this demonstrates confidence and alignment of interests, a Schedule 13G filing primarily reports ownership and does not provide new operational or financial performance data that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on existing company fundamentals and market conditions, with the added positive of strong insider commitment.

Keywords

Air Lease Corporation, Steven F. Udvar-Hazy, Beneficial Ownership, Schedule 13G, Class A Common Stock, Insider Ownership, Aircraft Leasing