AAR CORP (AIR) SVP reports Jan. 9, 2026 share transactions

Rhea-AI Filing Summary

AAR CORP senior executive Christopher A. Jessup reported multiple stock option exercises and related share sales. On January 9, 2026, he exercised options for 2,528 shares at $37.74, 59 shares at $50.93, and 12,065 shares at $41.88, converting them into common stock. He then sold 8,969 common shares at a weighted average price of $97.1288, and sold additional common shares of 2,528, 59, and 12,065 at $97.00 per share. Following these transactions, he directly beneficially owned 65,768.525 shares of AAR CORP common stock.

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^*

Jessup Christopher A.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President-CCO

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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	01/09/2026		S		8,969	D	$97.1288(1)	65,768.525	D
Common Stock	01/09/2026		M		2,528	A	$37.74	68,296.525	D
Common Stock	01/09/2026		S		2,528	D	$97	65,768.525	D
Common Stock	01/09/2026		M		59	A	$50.93	65,827.525	D
Common Stock	01/09/2026		S		59	D	$97	65,768.525	D
Common Stock	01/09/2026		M		12,065	A	$41.88	77,833.525	D
Common Stock	01/09/2026		S		12,065	D	$97	65,768.525	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	$37.74	01/09/2026		M			2,528	07/31/2022	07/12/2031	Common Stock	2,528	$0	0	D
Stock Option	$50.93	01/09/2026		M			59	03/25/2023	03/25/2032	Common Stock	59	$0	0	D
Stock Option	$41.88	01/09/2026		M			12,065	07/31/2023	07/18/2032	Common Stock	12,065	$0	0	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 $97.0000 to $97.3400 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	01/12/2026
	** 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 transactions did AAR CORP (AIR) report for January 9, 2026?

Senior Vice President-CCO Christopher A. Jessup reported exercising stock options and selling AAR CORP common stock on January 9, 2026, as disclosed on a Form 4.

How many AAR CORP (AIR) stock options did Christopher Jessup exercise?

He exercised stock options covering 2,528 shares at $37.74, 59 shares at $50.93, and 12,065 shares at $41.88, all into AAR CORP common stock.

How many AAR CORP (AIR) shares did Christopher Jessup sell and at what prices?

He sold 8,969 shares at a weighted average price of $97.1288, and additional lots of 2,528, 59, and 12,065 shares each at $97.00 per share.

What does the weighted average price mean in this AAR CORP (AIR) Form 4?

The Form 4 notes that $97.1288 is a weighted average price for shares sold in multiple trades between $97.0000 and $97.3400.

How many AAR CORP (AIR) shares does Christopher Jessup own after these transactions?

After the reported option exercises and sales, Christopher A. Jessup directly beneficially owned 65,768.525 shares of AAR CORP common stock.

Are Christopher Jessup’s AAR CORP (AIR) holdings reported as direct or indirect ownership?

The Form 4 reports his 65,768.525 AAR CORP common shares as held with direct ownership.