Devon E. May - 18 Aug 2025 Form 4 Insider Report for American Airlines Group Inc. (AAL)

Role: EVP Chief Financial Officer
Signature: Michelle Earley, with Power of Attorney
Issuer symbol: AAL
Transactions as of: 18 Aug 2025
Transactions value $: $0
Form type: 4
Filing time: 20 Aug 2025, 16:16:41 UTC
Previous filing: 05 May 2025
Next filing: 15 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
May Devon E	EVP Chief Financial Officer	C/O AMERICAN AIRLINES GROUP INC., 1 SKYVIEW DRIVE, FORT WORTH	Michelle Earley, with Power of Attorney	20 Aug 2025	0001959309

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AAL	Common Stock	Award	$0	+152K	+22.16%	$0.00	837K	18 Aug 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of Restricted Stock Units that vest on the second anniversary of the grant date in the event certain two-year performance goals are achieved and there is continuous service through the second anniversary of the grant date. The number of shares to be issued may vary between fifty percent and two hundred percent of the number of Restricted Stock Units depending on performance, and no such shares will be issued if threshold performance is not achieved. The number of shares shown in the table assumes the Restricted Stock Unit award vests at one hundred percent.

Content

Represents a grant of Restricted Stock Units that vest on the second anniversary of the grant date in the event certain two-year performance goals are achieved and there is continuous service through the second anniversary of the grant date. The number of shares to be issued may vary between fifty percent and two hundred percent of the number of Restricted Stock Units depending on performance, and no such shares will be issued if threshold performance is not achieved. The number of shares shown in the table assumes the Restricted Stock Unit award vests at one hundred percent.