Eric Pachapa - 24 Jul 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: VP-CAO & Controller
Signature: /s/ Katherine Kwiat, power of attorney
Issuer symbol: AIR
Transactions as of: 24 Jul 2023
Net transactions value: +$508,114
Form type: 4
Filing time: 26 Jul 2023, 10:59:37 UTC
Previous filing: 30 Mar 2023
Next filing: 27 Jul 2023
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	$80,704	+1,385	+5.1%	$58.27	28,801	24 Jul 2023	Direct	F1
transaction	AIR	Common Stock	Award	$241,820	+4,150	+14%	$58.27	32,951	24 Jul 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	$185,590	+3,185		$58.27	3,185	24 Jul 2023	Common Stock	3,185	$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 on 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.