American Airlines (AAL) director awarded 11,177 restricted stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEENLAND DOUGLAS M reported acquisition or exercise transactions in this Form 4 filing.
American Airlines Group Inc. director Douglas M. Steenland received an equity award of company common stock. The Form 4 reports a grant of 11,177 shares of common stock at no cash cost to him, increasing his direct holdings to 67,383 shares after the transaction.
The award consists of restricted stock units that will fully vest on the earlier of June 10, 2027, or the next annual meeting of stockholders following the grant date, as long as he continues to serve through the vesting date. This is a compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEENLAND DOUGLAS M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,177 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 67,383 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 11,177 shares
Post-transaction holdings: 67,383 shares
Transaction price: $0.00 per share
+1 more
4 metrics
RSU grant size
11,177 shares
Restricted stock unit award to director on June 10, 2026
Post-transaction holdings
67,383 shares
Douglas M. Steenland’s direct common stock ownership after grant
Transaction price
$0.00 per share
Indicates compensation grant, not open-market purchase
Vesting date outside
June 10, 2027
Latest date when restricted stock units will fully vest
Key Terms
Restricted stock units, vesting, annual meeting of stockholders, grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units will vest fully upon the earlier of June 10, 2027, or the next annual meeting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"Restricted stock units will vest fully upon the earlier of June 10, 2027, or the next annual meeting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"the earlier of June 10, 2027, or the next annual meeting of stockholders following the grant date"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did American Airlines Group (AAL) report for Douglas Steenland?
American Airlines reported that director Douglas M. Steenland received a grant of 11,177 shares of common stock. This was a compensation-related award, not an open-market purchase, and increased his direct ownership to 67,383 shares following the transaction.
When do Douglas Steenland’s new American Airlines (AAL) restricted stock units vest?
The restricted stock units granted to Douglas Steenland will fully vest on the earlier of June 10, 2027, or the next annual meeting of stockholders after the grant date. Vesting is conditioned on his continued service through the applicable vesting date.
What type of transaction code was used in Douglas Steenland’s American Airlines (AAL) Form 4?
The transaction was reported with code “A,” which denotes a grant, award, or other acquisition. This confirms the 11,177 American Airlines shares were issued as a restricted stock unit compensation grant rather than a discretionary market purchase or sale.