Christopher A. Jessup - May 6, 2024 Form 4 Insider Report for AAR CORP (AIR)

Role
Senior Vice President-CCO
Signature
/s/ Katherine Kwiat, power of attorney
Stock symbol
AIR
Transactions as of
May 6, 2024
Transactions value $
-$516,192
Form type
4
Date filed
5/8/2024, 04:16 PM
Previous filing
May 6, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIR Common Stock Options Exercise $191K +5.05K +9.75% $37.74 56.9K May 6, 2024 Direct
transaction AIR Common Stock Sale -$354K -5.05K -8.89% $70.09 51.8K May 6, 2024 Direct F1
transaction AIR Common Stock Options Exercise $410K +10.9K +21% $37.66 62.7K May 6, 2024 Direct
transaction AIR Common Stock Sale -$762K -10.9K -17.35% $70.09 51.8K May 6, 2024 Direct

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 -5.05K -66.65% $0.00 2.53K May 6, 2024 Common Stock 5.05K $37.74 Direct F2
transaction AIR Stock Option Options Exercise $0 -10.9K -100% $0.00* 0 May 6, 2024 Common Stock 10.9K $37.66 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 $70.00 to $70.5600 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 7,580 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 24,250 shares of common stock on July 8, 2019. The stock options vested in 33 1/3% increments on each of July 31, 2020, July 31, 2021, and July 31, 2022.