Duncan J. McNabb - 01 Jun 2023 Form 4 Insider Report for AAR CORP (AIR)

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	$0	+2,426		$0.000000	2,426	01 Jun 2023	Common Stock	2,426	$51.51	Direct	F1, F2

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

Id	Content
F1	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.
F2	Award of stock pursuant to Restricted Stock Agreement in transaction exempt under Rule 16b-3.