Stock grant lifts AAR (AIR) director's direct stake above 100K

Rhea-AI Filing Summary

Boyce Michael Ross reported acquisition or exercise transactions in this Form 4 filing.

AAR CORP director Michael Ross Boyce reported a stock award of 1,364 shares of common stock granted at no cost under a Restricted Stock Agreement in a transaction exempt under Rule 16b-3. After this grant, his direct ownership increased to 100,903.588 common shares. He also reports 20,000 additional common shares held indirectly through Maverick Investors Limited Partnership as a separate holding entry.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Boyce Michael Ross

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,364	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 100,903.588 shares (Direct, null); Common Stock — 20,000 shares (Indirect, By Maverick Investors Limited Partnership)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock award: 1,364 shares Direct holdings after grant: 100,903.588 shares Indirect holdings: 20,000 shares +1 more

4 metrics

Restricted stock award 1,364 shares Grant of common stock under Restricted Stock Agreement

Direct holdings after grant 100,903.588 shares Common stock directly owned following the award

Indirect holdings 20,000 shares Common stock held indirectly by Maverick Investors Limited Partnership

Award price per share $0.0000 per share Reported price for the 1,364-share stock grant

Key Terms

Restricted Stock Agreement, Rule 16b-3, indirect ownership, grant, award, or other acquisition

4 terms

Restricted Stock Agreement financial

"Award of stock pursuant to Restricted Stock Agreement in transaction exempt under Rule 16b-3."

Rule 16b-3 regulatory

"Award of stock pursuant to Restricted Stock Agreement in transaction exempt under Rule 16b-3."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

indirect ownership financial

"Common Stock holding reported as indirect, nature of ownership "By Maverick Investors Limited Partnership"."

grant, award, or other acquisition financial

"Transaction code description for the 1,364-share award is "Grant, award, or other acquisition"."

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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^*

Boyce Michael Ross

(Last) (First) (Middle)

1100 N. WOOD DALE ROAD

(Street)

WOOD DALE ILLINOIS 60191

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		A		1,364(1)	A	$0	100,903.588	D
Common Stock								20,000	I	By Maverick Investors Limited Partnership

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. Award of stock pursuant to Restricted Stock Agreement in transaction exempt under Rule 16b-3.

	/s/ Katherine Kwiat, power of attorney	06/02/2026
	** 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)

FAQ

What insider transaction did AAR (AIR) director Michael Ross Boyce report?

Michael Ross Boyce reported receiving 1,364 shares of AAR common stock as a stock award. The shares were granted at no cost under a Restricted Stock Agreement in a transaction classified as exempt under Rule 16b-3, reflecting routine equity compensation.

How many AAR (AIR) shares does Michael Ross Boyce now hold directly?

Following the reported stock award, Michael Ross Boyce holds 100,903.588 AAR common shares directly. This figure reflects his direct ownership position after the grant of 1,364 restricted shares, as disclosed in the Form 4 insider transaction report.

What does the 1,364-share award to AAR (AIR) director represent?

The 1,364-share award represents a grant of AAR common stock under a Restricted Stock Agreement. It was reported with transaction code "A" for grant, award, or other acquisition and was designated as exempt under Rule 16b-3, indicating compensation-related equity.

Does Michael Ross Boyce have any indirect holdings of AAR (AIR) stock?

Yes. The Form 4 lists 20,000 AAR common shares as indirectly owned by Michael Ross Boyce through Maverick Investors Limited Partnership. This entry is recorded as indirect ownership and is separate from his directly held 100,903.588 common shares.

Was the AAR (AIR) stock award to Michael Ross Boyce an open-market purchase?

No. The 1,364 shares were reported with transaction code "A" as a grant or award at a price of $0.0000 per share. This indicates a compensation-related restricted stock award, not an open-market purchase of AAR common stock.