Is Adriane M. Brown’s AAL share grant an open-market purchase or compensation?

The 11,177-share transaction is compensation, not an open-market purchase. It is coded as a grant or award at $0.00 per share, reflecting restricted stock units that vest over time rather than a discretionary buy in the public market.

American Airlines (AAL) director Adriane Brown receives 11,177-share equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Brown Adriane M reported acquisition or exercise transactions in this Form 4 filing.

American Airlines Group Inc. director Adriane M. Brown received a grant of 11,177 shares of common stock as an equity award, reported at a price of $0.00 per share. Following this grant, she directly holds 66,058 common shares. 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, provided she continues to serve through the vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brown Adriane M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,177	$0.00	--

Holdings After Transaction: Common Stock — 66,058 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 11,177 shares Grant price: $0.00 per share Total holdings after grant: 66,058 shares +1 more

4 metrics

Shares granted 11,177 shares Equity award of common stock to director on June 10, 2026

Grant price $0.00 per share Recorded price for restricted stock unit grant

Total holdings after grant 66,058 shares Adriane M. Brown direct ownership following the transaction

Vesting date June 10, 2027 Latest possible full vesting date for restricted stock units

Key Terms

restricted stock units, annual meeting of stockholders, Grant, award, or other acquisition, Form 4

4 terms

restricted stock units financial

"Restricted stock units will vest fully upon the earlier of June 10, 2027, or the next annual meeting of stockholders"

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.

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"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 04:26 PM

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^*

Brown Adriane M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/10/2026		A		11,177⁽¹⁾	A	$0.0000	66,058	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock units will vest fully upon the earlier of June 10, 2027, or the next annual meeting of stockholders following the grant date, subject to the continued service of the reporting person through the vesting date.

	Michelle A. Earley, with Power of Attorney	06/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did American Airlines Group Inc. (AAL) disclose?

American Airlines disclosed an equity award to director Adriane M. Brown. She was granted 11,177 shares of common stock at $0.00 per share, increasing her direct holdings to 66,058 shares, as part of her compensation rather than an open-market purchase.

Who is Adriane M. Brown in relation to American Airlines Group Inc. (AAL)?

Adriane M. Brown is a director of American Airlines Group Inc. The Form 4 filing shows she received a grant of 11,177 shares of common stock, bringing her direct ownership to 66,058 shares, reflecting standard board-level equity compensation.

How many shares did Adriane M. Brown acquire in the latest AAL Form 4?

Adriane M. Brown acquired 11,177 shares of American Airlines common stock. The acquisition was recorded at $0.00 per share as a grant or award, not a market transaction, and increased her direct position to a total of 66,058 common shares.

What are the vesting terms of Adriane M. Brown’s restricted stock units at AAL?

The restricted stock units granted to Adriane M. Brown will fully vest on the earlier of June 10, 2027, or the next annual meeting of stockholders after the grant date, subject to her continued service as a director through the applicable vesting date.

How many American Airlines (AAL) shares does Adriane M. Brown own after the grant?

After the reported grant, Adriane M. Brown directly owns 66,058 shares of American Airlines common stock. This total includes the 11,177 shares received as a restricted stock unit award, which will vest fully upon meeting the stated service-based conditions.