Jessica A. Garascia - Oct 6, 2023 Form 4 Insider Report for AAR CORP (AIR)

Role
Senior VP, GC, CAO & Secretary
Signature
/s/ Katherine Kwiat, power of attorney
Stock symbol
AIR
Transactions as of
Oct 6, 2023
Transactions value $
-$177,787
Form type
4
Date filed
10/6/2023, 05:53 PM
Previous filing
Aug 7, 2023
Next filing
Apr 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Options Exercise $235K +6.23K +17.55% $37.74 41.7K Oct 6, 2023 Direct
transaction AIR Common Stock Sale -$371K -6.23K -14.93% $59.56 35.5K Oct 6, 2023 Direct F1
transaction AIR Common Stock Options Exercise $99.1K +2.37K +6.66% $41.88 37.9K Oct 6, 2023 Direct
transaction AIR Common Stock Sale -$141K -2.37K -6.25% $59.56 35.5K Oct 6, 2023 Direct F1

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 Options Exercise $0 -6.23K -66.65% $0.00 3.12K Oct 6, 2023 Common Stock 6.23K $37.74 Direct F2
transaction AIR Stock Option Options Exercise $0 -2.37K -33.32% $0.00 4.73K Oct 6, 2023 Common Stock 2.37K $41.88 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.2400 to $59.7700, inclusive. The reporting person undertakes to provide AAR CORP., any security holder of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reporting person received a grant of stock options for 9,350 shares of common stock on July 12, 2021. The stock options vest in 33 1/3% increments on each of July 31, 2022, July 31, 2023, and July 31, 2024.
F3 The reporting person received a grant of stock options for 7,100 shares of common stock on July 18, 2022. The stock options vest in 33 1/3% increments on each of July 31, 2023, July 31, 2024, and July 31, 2025.