ROBERT F. LEDUC - 01 Jun 2021 Form 4 Insider Report for AAR CORP (AIR)

Role: Director
Signature: /s/ Kai England, Power of Attorney
Issuer symbol: AIR
Transactions as of: 01 Jun 2021
Net transactions value: +$7,491
Form type: 4
Filing time: 02 Jun 2021, 17:04:04 UTC
Previous filing: 01 Jun 2021
Next filing: 06 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$0	+2,937	+56%	$0.000000	8,226	01 Jun 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AIR	Phantom Stock	Award	$7,491	+176		$42.56	176	01 Jun 2021	Common Stock	176	$42.56	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of stock pursuant to a Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F2	The 176 phantom Stock units at $42.56 per share of the deferred quarterly director's retainer fee, as a deferred compensation pursuant to the Non-Employee Directors' Deferred Compensation Plan. Phantom Stock units are payable in stock on a 1-for-1 basis or cash at the grantee's election upon retirement/termination as a director.