Jessica A. Garascia - 24 Jul 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: Senior VP, GC, CAO & Secretary
Signature: /s/ Katherine Kwiat, power of attorney
Issuer symbol: AIR
Transactions as of: 24 Jul 2023
Net transactions value: +$851,033
Form type: 4
Filing time: 26 Jul 2023, 11:01:59 UTC
Previous filing: 28 Mar 2023
Next filing: 07 Aug 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	$135,186	+2,320	+8.8%	$58.27	28,567	24 Jul 2023	Direct	F1
transaction	AIR	Common Stock	Award	$404,976	+6,950	+24%	$58.27	35,517	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	$310,870	+5,335		$58.27	5,335	24 Jul 2023	Common Stock	5,335	$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.