AAL CFO has shares withheld for tax payment

American Airlines Group Inc. EVP and CFO Devon E. May reported a tax-related share disposition.

Rhea-AI Filing Summary

American Airlines Group Inc. EVP and CFO Devon E. May reported a tax-related share disposition. On the vesting of restricted stock units, 8,350 shares of common stock were withheld by the company at $13.59 per share to cover withholding taxes.

After this withholding, May directly holds 1,018,744 shares of American Airlines Group Inc. common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 8,350 shares

Exercise Price or Tax Liability 1 txn

Insider May Devon E

Role EVP Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	8,350	$13.59	$113K

Holdings After Transaction: Common Stock — 1,018,744 shares (Direct)

Footnotes (1)

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

FAQ

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

What insider transaction did AAL CFO Devon May report?

American Airlines Group Inc. CFO Devon May reported a tax-withholding disposition of shares. When restricted stock units vested, 8,350 common shares were withheld by the company to cover taxes, rather than sold on the open market, according to the Form 4 filing.

How many AAL shares were withheld to cover taxes for the CFO?

The Form 4 shows 8,350 American Airlines Group Inc. common shares were withheld. These shares were retained by the issuer to satisfy applicable withholding taxes tied to the vesting of restricted stock units granted to CFO Devon May.

At what price were the withheld AAL shares valued in the Form 4?

The withheld shares were valued at $13.59 per share. This price is used in the Form 4 to reflect the value of the 8,350 American Airlines Group Inc. common shares applied toward the CFO’s tax obligations on vesting RSUs.

Does this AAL Form 4 show an open-market sale by the CFO?

The filing does not show an open-market sale. Instead, it records shares withheld by American Airlines Group Inc. to cover tax liabilities from vesting restricted stock units, a common administrative transaction rather than a discretionary share sale by the CFO.

How many AAL shares does CFO Devon May hold after this transaction?

After the tax-withholding transaction, CFO Devon May directly holds 1,018,744 American Airlines Group Inc. common shares. This post-transaction balance in the Form 4 reflects his continuing equity stake following the RSU vesting and related share withholding.

What does transaction code “F” mean in the AAL Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability with securities. In this case, American Airlines Group Inc. withheld 8,350 common shares from CFO Devon May’s RSU vesting to satisfy withholding taxes, instead of requiring separate cash payment.

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

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Accepted by SEC EDGAR 02/23/2026 - 04:15 PM Learn about SEC filing dates

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
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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^*

May Devon E

(Last) (First) (Middle)

C/O AMERICAN AIRLINES GROUP INC.

1 SKYVIEW DRIVE

(Street)

FORT WORTH TX 76155

(City) (State) (Zip)

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)
	EVP Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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

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

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

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	02/20/2026		F		8,350(1)	D	$13.59	1,018,744	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 A. Earley, with Power of Attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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