Form 4: Steven Udvar-Hazy Sells Air Lease Corp Shares

Steven F. Udvar-Hazy, a director at Air Lease Corporation, has reported the disposition of a significant number of Class A Common Stock shares following a merger.

Summary

• Steven F. Udvar-Hazy, a Director and 10% Owner of Air Lease Corporation (AL), has reported transactions related to the company's Class A Common Stock.
• These transactions occurred on April 8, 2026, and are associated with a merger agreement where each outstanding share of common stock was converted into the right to receive $65.00 in cash per share.
• The filing details the disposition of various holdings, including direct ownership, shares held by family members (wife, daughters, sons), shares held in trust, and shares held through various entities (Emerald Financial LLC, Air Intercontinental, Inc., Ocean Equities, Inc., Hazy Family Community Property Trust, Udvar-Hazy Separate Property Trust).
• A total of 1,325,528 shares were directly disposed of, with numerous other indirect dispositions detailed across various family and trust holdings.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a neutral to slightly negative sentiment due to the significant disposition of shares by a key insider, signaling a major corporate event like a merger or acquisition that results in shareholders receiving cash.

Negatives

• Steven F. Udvar-Hazy has disposed of a substantial number of Air Lease Corporation Class A Common Stock shares.
• The disposition is linked to a merger where shares were converted to cash, indicating a change in the company's ownership structure and potentially the end of its public trading status in its current form.

Future Outlook

The filing primarily reports on past transactions related to a merger and does not contain forward-looking statements or guidance from management regarding future operations.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. This particular filing indicates a significant event for Air Lease Corporation, likely a change of control or privatization due to the merger and the cash-out of shares at a set price.

Stakeholder Impact

• Shareholders: All holders of Class A Common Stock are set to receive $65.00 per share in cash, representing a complete exit from their investment in the company.
• Management/Insiders: Steven F. Udvar-Hazy, a key insider, is disposing of his holdings as part of the merger, indicating a transition in his relationship with the company.
• Creditors: The merger may impact the company's capital structure and debt obligations, though specific details are not provided in this filing.

Key Dates

Keywords

Air Lease Corporation, AL, Form 4, Insider Trading, Merger, Steven F. Udvar-Hazy, Class A Common Stock, SEC Filing, Beneficial Ownership