AerCap (NYSE: AER) CAO logs 109-share trust award and updated holdings
Rhea-AI Filing Summary
AerCap Holdings N.V. Chief Accounting Officer Stuart Cormac reported an "other" transaction involving 109 Ordinary Shares at $135.21 per share, held indirectly through the AerCap Approved Profit Sharing Scheme Trust. The footnotes state this amount represents compensation forgone per share to receive this allocation.
Following the transaction, Cormac is shown with 270 Ordinary Shares held directly and 24,613 Ordinary Shares held indirectly through the AerCap Equity Incentive Plans Trust. Footnotes explain these indirect holdings arise from equity-based compensatory awards placed in Irish law tax-efficient trusts, with portions subject to service-based and performance-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 109 | $135.21 | $15K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Represents the compensation, on a per share basis, forgone by the reporting person to receive the allocation of shares reported herein. 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. Includes shares previously held in the AerCap Approved Profit Sharing Scheme Trust that were distributed to the reporting person. 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.
FAQ
What insider activity did AerCap (AER) disclose for Stuart Cormac in this Form 4?
Does the AerCap (AER) Form 4 show open-market buying or selling by Stuart Cormac?
What is the AerCap Approved Profit Sharing Scheme Trust mentioned in the Form 4?