Eric Pachapa - Jul 18, 2022 Form 4 Insider Report for AAR CORP (AIR)

Role: VP-CAO & Controller
Signature: /s/ Katherine Kwiat, power of attorney
Stock symbol: AIR
Transactions as of: Jul 18, 2022
Transactions value $: $239,344
Form type: 4
Date filed: 7/20/2022, 04:16 PM
Previous filing: Mar 30, 2022
Next filing: Aug 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$0	+2.41K	+10.07%	$0.00	26.4K	Jul 18, 2022	Direct	F1
transaction	AIR	Common Stock	Award	$0	+4.81K	+18.25%	$0.00	31.2K	Jul 18, 2022	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	$239K	+5.72K		$41.88	5.72K	Jul 18, 2022	Common Stock	5.72K	$41.88	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, 2023 and shall vest as follows: 33 and 1/3% on each of July 31, 2023, July 31, 2024 and July 31, 2025.