AerCap (AER) CAO discloses indirect equity awards via trusts
Rhea-AI Filing Summary
AerCap Holdings N.V. Chief Accounting Officer Stuart Cormac has reported his initial beneficial ownership of indirect equity awards in the company’s ordinary shares. The filing shows 24,613 ordinary shares held through the AerCap Equity Incentive Plans Trust and 564 ordinary shares held through the AerCap Approved Profit Sharing Scheme Trust.
The 24,613 trust-held shares represent compensatory awards, including 15,787 restricted shares subject to service-based vesting conditions and 8,826 restricted shares subject to both service- and performance-based vesting conditions, which may be released to him after vesting and applicable holding periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stuart Cormac
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 24,613 shares (Indirect, By AerCap Equity Incentive Plans Trust);
Ordinary Shares — 564 shares (Indirect, By AerCap Approved Profit Sharing Scheme Trust)
Footnotes (2)
- F1. Represents Ordinary Shares granted as compensatory awards and held in a trust in order to achieve certain tax benefits under Irish law, after which the shares (to the extent vested) will be released to the reporting person. Of these awards, 15,787 are restricted shares that remain subject to service-based vesting conditions and 8,826 are restricted shares that remain subject to service- and performance-based vesting conditions.
- F2. Represents Ordinary Shares awarded pursuant to equity-based awards that are held in a trust for three years in order to achieve certain tax benefits under Irish law, after which the shares will either be released to the reporting person or sold and the proceeds released to the reporting person.
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FAQ
What does AerCap (AER) Chief Accounting Officer Stuart Cormac report in this Form 3?
Stuart Cormac reports initial indirect ownership of AerCap ordinary shares through company-related trusts. He lists 24,613 shares in the AerCap Equity Incentive Plans Trust and 564 shares in the AerCap Approved Profit Sharing Scheme Trust, all tied to compensatory equity awards subject to vesting and holding conditions.
What is the AerCap Approved Profit Sharing Scheme Trust holding for Stuart Cormac?
The AerCap Approved Profit Sharing Scheme Trust holds 564 AerCap ordinary shares for Stuart Cormac. These shares were awarded under equity-based awards and are kept in the trust for three years to achieve Irish tax benefits before either being released to him or sold with proceeds released.