Jessica A. Garascia - Jul 12, 2021 Form 4 Insider Report for AAR CORP (AIR)

Role: Vice President and Secretary
Signature: /s/ Kai England, Power of Attorney
Stock symbol: AIR
Transactions as of: Jul 12, 2021
Transactions value $: $352,869
Form type: 4
Date filed: 7/14/2021, 01:55 PM
Next filing: Jul 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$0	+3.31K	+45.02%	$0.00	10.7K	Jul 12, 2021	Direct	F1
transaction	AIR	Common Stock	Award	$0	+6.63K	+73.08%	$0.00	15.7K	Jul 12, 2021	Direct	F2

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	Stock Option	Award	$353K	+9.35K		$37.74	9.35K	Jul 12, 2021	Common Stock	9.35K	$37.74	Direct	F3

* 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	Award of stock pursuant to a Performance Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F3	The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2022 and shall vest as follows: 33 and 1/3% on each of July 31, 2022, July 31, 2023 and July 31, 2024.