Tracey Patterson - Jul 24, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: Sr. VP & Chief HR Officer
Signature: /s/ Katherine Kwiat, power of attorney
Stock symbol: AIR
Transactions as of: Jul 24, 2023
Transactions value $: $741,194
Form type: 4
Date filed: 7/26/2023, 10:56 AM
Previous filing: Jul 20, 2023
Next filing: Jul 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$370K	+6.35K		$58.27	6.35K	Jul 24, 2023	Direct	F1
transaction	AIR	Common Stock	Award	$210K	+3.61K	+56.77%	$58.27	9.96K	Jul 24, 2023	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	$161K	+2.77K		$58.27	2.77K	Jul 24, 2023	Common Stock	2.77K	$58.27	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 July 31, 2024 and shall vest as follows: 33 and 1/3% on each of July 31, 2024, July 31, 2025 and July 31, 2026.