Sean M. Gillen - Jul 24, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role: Senior VP-CFO
Signature: /s/ Katherine Kwiat, power of attorney
Stock symbol: AIR
Transactions as of: Jul 24, 2023
Transactions value $: $1,071,585
Form type: 4
Date filed: 7/26/2023, 11:06 AM
Previous filing: Mar 27, 2023
Next filing: Aug 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$170K	+2.92K	+6.45%	$58.27	48.2K	Jul 24, 2023	Direct	F1
transaction	AIR	Common Stock	Award	$510K	+8.76K	+18.16%	$58.27	57K	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	$391K	+6.72K		$58.27	6.72K	Jul 24, 2023	Common Stock	6.72K	$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.