AAR CORP (AIR) CEO John Holmes Reports 23,077-Share Sale Under 10b5-1 Plan

Rhea-AI Filing Summary

AAR CORP's Chairman, President and CEO John M. Holmes reported a sale of company stock. On 01/02/2026, he sold 23,077 shares of AAR CORP common stock at a weighted average price of $84.1229 per share. The shares were sold in multiple trades at prices ranging from $82.5100 to $84.7500. After this transaction, he beneficially owns 237,064 shares of AAR CORP common stock directly.

The transaction was made under a Rule 10b5-1 trading plan adopted by John M. Holmes on August 6, 2025. Such plans allow insiders to prearrange stock trades according to preset instructions.

Insider Trade Summary

Net Seller: 23,077 shares ($1,941,304)

Net Sell 1 txn

Insider Holmes John McClain III

Role Chairman, President & CEO

Sold 23,077 shs ($1.94M)

Type	Security	Shares	Price	Value
Sale	Common Stock	23,077	$84.1229	$1.94M

Holdings After Transaction: Common Stock — 237,064 shares (Direct)

Footnotes (1)

1. Transaction in accordance with 10b5-1 trading plan adopted by John M. Holmes on Aug. 6, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.5100 to $84.7500 inclusive. The reporting person undertakes to provide AAR CORP., any security holder of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Form 4 Insider Transactions: What Each Field Means →

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^*

Holmes John McClain III

(Last) (First) (Middle)

1100 N. WOOD DALE ROAD

(Street)

WOOD DALE IL 60191

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AAR CORP [ AIR ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		S		23,077(1)	D	$84.1229(2)	237,064	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. Transaction in accordance with 10b5-1 trading plan adopted by John M. Holmes on Aug. 6, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.5100 to $84.7500 inclusive. The reporting person undertakes to provide AAR CORP., any security holder of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Katherine Kwiat, power of attorney	01/06/2026
	** 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.

FAQ

What insider transaction did AAR CORP (AIR) report in this Form 4?

The filing reports that Chairman, President and CEO John M. Holmes sold 23,077 shares of AAR CORP common stock on 01/02/2026.

At what prices did John M. Holmes sell AAR CORP (AIR) shares?

The sale was reported at a weighted average price of $84.1229 per share, with individual trades executed between $82.5100 and $84.7500 per share.

How many AAR CORP (AIR) shares does John M. Holmes own after the reported sale?

Following the transaction, John M. Holmes beneficially owns 237,064 shares of AAR CORP common stock, held in direct ownership.

What is the role of the reporting person at AAR CORP (AIR)?

The reporting person, John M. Holmes, serves as Chairman, President & CEO of AAR CORP and is also listed as a Director.

Was the AAR CORP (AIR) insider sale made under a Rule 10b5-1 trading plan?

Yes. The transaction was made under a Rule 10b5-1 trading plan adopted by John M. Holmes on August 6, 2025, as noted in the explanation of responses.

Can investors obtain more detail on the individual trade prices for the AAR CORP (AIR) insider sale?

The filing states that the reporting person will provide full information on the number of shares sold at each price within the $82.5100 to $84.7500 range upon request to AAR CORP, its security holders, or the SEC staff.