AAR CORP (AIR) SVP Garascia exercises stock options and sells 6,284 shares

Rhea-AI Filing Summary

AAR CORP senior vice president and general counsel Jessica A. Garascia exercised stock options and sold the resulting shares in a same‑day liquidity move. She exercised options for 2,368, 1,778 and 2,138 shares of Common Stock at exercise prices of $41.88, $58.27 and $67.02 per share, respectively, acquiring a total of 6,284 shares.

On the same date, she sold 6,284 Common Stock shares in open-market transactions at a weighted average price of $112.2006 per share, with individual sale prices ranging from $111.82 to $113.24. After these transactions, she directly holds 29,557 Common Stock shares. No remaining derivative positions are listed in this filing.

Insider Trade Summary

Net Seller: 6,284 shares ($705,069)

Net Sell 9 txns

Insider Garascia Jessica A.

Role Senior VP, GC, CAO & Secretary

Sold 6,284 shs ($705K)

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,368	$0.00	--
Exercise	Stock Option	1,778	$0.00	--
Exercise	Stock Option	2,138	$0.00	--
Exercise	Common Stock	2,368	$41.88	$99K
Sale	Common Stock	2,368	$112.2006	$266K
Exercise	Common Stock	1,778	$58.27	$104K
Sale	Common Stock	1,778	$112.2006	$199K
Exercise	Common Stock	2,138	$67.02	$143K
Sale	Common Stock	2,138	$112.2006	$240K

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 31,925 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.8200 to $113.2400, 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. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2024 and shall vest as follows: 33 and 1/3% on each of July 31, 2024, July 31, 2025, and July 31, 2026. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2025 and shall vest as follows: 33 and 1/3% on each of July 31, 2025, July 31, 2026, and July 31, 2027.

Key Figures

Options exercised: 6,284 shares Shares sold: 6,284 shares Weighted average sale price: $112.2006 per share +3 more

6 metrics

Options exercised 6,284 shares Total Common Stock underlying options exercised on 2026-03-26

Shares sold 6,284 shares Common Stock sold in open-market transactions on 2026-03-26

Weighted average sale price $112.2006 per share Average price for multiple sale transactions on 2026-03-26

Sale price range $111.82–$113.24 per share Range of individual trade prices in reported sales

Option strike prices $41.88, $58.27, $67.02 Exercise prices for the three stock option tranches

Post-transaction holdings 29,557 shares Directly owned AAR CORP Common Stock after transactions

Key Terms

weighted average price, stock option, open-market sale, vests and becomes exercisable, +1 more

5 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

stock option financial

"The awarded stock option vests and becomes exercisable in 1/3 annual installments"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

vests and becomes exercisable financial

"The awarded stock option vests and becomes exercisable in 1/3 annual installments"

Common Stock financial

"underlying_security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Garascia Jessica A.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, GC, CAO & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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	03/26/2026		M		2,368	A	$41.88	31,925	D
Common Stock	03/26/2026		S		2,368	D	$112.2006(1)	29,557	D
Common Stock	03/26/2026		M		1,778	A	$58.27	31,335	D
Common Stock	03/26/2026		S		1,778	D	$112.2006(1)	29,557	D
Common Stock	03/26/2026		M		2,138	A	$67.02	31,695	D
Common Stock	03/26/2026		S		2,138	D	$112.2006(1)	29,557	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
Stock Option	$41.88	03/26/2026		M			2,368	07/31/2023	07/18/2032	Common Stock	2,368	$0	0	D
Stock Option	$58.27	03/26/2026		M			1,778	07/31/2024(2)	07/24/2033	Common Stock	1,778	$0	1,483	D
Stock Option	$67.02	03/26/2026		M			2,138	07/31/2025(3)	07/22/2034	Common Stock	2,138	$0	4,277	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.8200 to $113.2400, 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.

2. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2024 and shall vest as follows: 33 and 1/3% on each of July 31, 2024, July 31, 2025, and July 31, 2026.

3. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2025 and shall vest as follows: 33 and 1/3% on each of July 31, 2025, July 31, 2026, and July 31, 2027.

	/s/ Katherine Kwiat, power of attorney	03/30/2026
	** 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 did AAR CORP (AIR) executive Jessica Garascia report in this Form 4?

Jessica A. Garascia reported exercising stock options for 6,284 AAR CORP shares and selling the same number of shares in open-market transactions, while ending with direct ownership of 29,557 Common Stock shares after all reported trades.

How many AAR CORP shares did Jessica Garascia sell, and at what price?

She sold 6,284 AAR CORP Common Stock shares at a weighted average price of $112.2006 per share, with individual sale prices ranging from $111.8200 to $113.2400 across multiple open‑market transactions on the same date.

What stock options did Jessica Garascia exercise in AAR CORP (AIR)?

She exercised three tranches of AAR CORP stock options, covering 2,368 shares at $41.88, 1,778 shares at $58.27, and 2,138 shares at $67.02 per share, converting these options into a total of 6,284 Common Stock shares.

How many AAR CORP shares does Jessica Garascia own after these transactions?

Following the reported option exercises and share sales, Jessica A. Garascia directly owns 29,557 AAR CORP Common Stock shares, as shown by the post‑transaction share balances disclosed for her non‑derivative holdings in the Form 4 data.

Is this AAR CORP Form 4 mainly an exercise-and-sell transaction pattern?

Yes. The filing shows Jessica Garascia exercising options for 6,284 shares and then selling exactly 6,284 Common Stock shares the same day, a classic exercise‑and‑sell pattern converting option value into cash while maintaining a remaining equity stake.

What do the footnotes in Jessica Garascia’s AAR CORP Form 4 explain?

The footnotes explain that the reported sale price is a weighted average for multiple trades between $111.8200 and $113.2400, and they describe the vesting schedules for the underlying stock options, which vest in three equal annual installments beginning in 2024 and 2025.