American Airlines exec withholds 77,760 shares for tax

American Airlines’ vice chair had shares withheld to cover taxes on RSU vesting, not as open-market sales.

Available on EDGAR 09/21/2026 - 04:47 PM EDT Accepted by SEC EDGAR 09/21/2026 - 04:47 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

American Airlines Group Inc. (AAL) reported that Vice Chair Stephen L. Johnson had company shares withheld on September 20, 2026 to satisfy tax obligations from vesting restricted stock units. A total of 77,760 shares of common stock were withheld in two entries at $12.96 per share, and the filing characterizes these as tax-withholding dispositions rather than open-market sales. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Tax Withholding: 77,760 shares

Tax Withholding 2 txns

Insider Johnson Stephen L

Role Vice Chair

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	55,368	$12.96	$718K
Tax Withholding	Common Stock F1	22,392	$12.96	$290K

Holdings After Transaction: Common Stock — 1,860,597 shares (Direct)

Footnotes (1)

1. F1. Shares withheld by the issuer to cover applicable withholding taxes related to the vesting of restricted stock units

Key Figures

Shares withheld for taxes (larger entry): 55,368 shares Shares withheld for taxes (smaller entry): 22,392 shares Total shares withheld for tax purposes: 77,760 shares +1 more

4 metrics

Shares withheld for taxes (larger entry) 55,368 shares Common stock withheld on September 20, 2026 to cover withholding taxes on RSU vesting

Shares withheld for taxes (smaller entry) 22,392 shares Common stock withheld on September 20, 2026 to cover withholding taxes on RSU vesting

Total shares withheld for tax purposes 77,760 shares Sum of common shares withheld across both tax-withholding dispositions

Share value used for tax withholding $12.96 per share Applied to both tax-withholding entries on September 20, 2026

Key Terms

withholding taxes, restricted stock units

2 terms

withholding taxes financial

"Shares withheld by the issuer to cover applicable withholding taxes related to the vesting"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

restricted stock units financial

"withholding taxes related to the vesting of restricted stock units"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did American Airlines Group (AAL) insider Stephen L. Johnson report on this Form 4?

He reported that 77,760 shares of American Airlines common stock were withheld on September 20, 2026 to cover tax liabilities arising from the vesting of restricted stock units, according to the filing.

How many AAL shares were withheld in each tax transaction?

The filing lists two tax-withholding dispositions: one for 55,368 shares and another for 22,392 shares of American Airlines common stock, both on September 20, 2026.

At what price were the AAL shares valued for the tax-withholding entries?

Both tax-withholding entries used a share value of $12.96 per share for American Airlines common stock in calculating the tax-related share withholding.

Were the American Airlines (AAL) insider transactions open-market sales?

No. The filing states the shares were withheld by the issuer to cover applicable withholding taxes related to the vesting of restricted stock units, rather than being sold in the open market.

Were the AAL insider transactions made under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is not marked as being under such a plan, and there is no indication in the footnotes that these dispositions were executed pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Johnson Stephen L

(Last) (First) (Middle)

C/O AMERICAN AIRLINES GROUP INC.

1 SKYVIEW DRIVE

(Street)

FORT WORTH TEXAS 76155

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc. [ AAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chair

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/20/2026		F		55,368(1)	D	$12.96	1,882,989	D
Common Stock	09/20/2026		F		22,392(1)	D	$12.96	1,860,597	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld by the issuer to cover applicable withholding taxes related to the vesting of restricted stock units

	Michelle Earley, with Power of Attorney	09/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)