Air Industries Group (AIRI) director receives 12,159 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brand Michael reported acquisition or exercise transactions in this Form 4 filing.
Air Industries Group director Michael Brand received an equity award in the form of restricted stock units. On 02/12/2026, he was granted 12,159 RSUs, each representing one share of common stock, with no cash paid per unit.
The RSUs vested upon grant and will be settled in shares on the later of the first anniversary of the award date or a qualifying change in control, and in any event by the eighteen-month anniversary if no change in control occurs. Following this award, Brand also holds common stock and several fully exercisable stock option positions shown as existing holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Brand Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,159 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,159 shares (Direct);
Stock Option — 10,000 shares (Direct);
Common Stock — 5,651 shares (Direct);
Common Stock — 600 shares (Indirect, by Roth 401k)
Footnotes (1)
- Each RSU represents the right to receive, at settlement, one share of common stock. The RSUs vested upon grant and shall be settled on the later of: (A) the first anniversary of the Award Date and (B) the occurrence of a Change in Control, which for purposes of the Award Agreement, must constitute an event described in Treasury Regulation Section 1.409A-3(a)(5); provided, however, that if the event in (B) has not occurred by the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the eighteen (18) month anniversary of the Award Date. Vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026. Exerciseable in full.
FAQ
What insider transaction did AIRI director Michael Brand report?
Michael Brand reported receiving an equity award of 12,159 restricted stock units. Each RSU represents one share of Air Industries Group common stock and was granted on February 12, 2026 as part of his director compensation, with no cash paid per unit.
How many restricted stock units did Michael Brand receive from Air Industries Group (AIRI)?
Michael Brand received 12,159 restricted stock units from Air Industries Group. These units vested upon grant and each RSU entitles him to receive one share of common stock when settled under the award’s specified timing and change-in-control conditions.
Did Michael Brand buy or sell any Air Industries Group (AIRI) common stock in this filing?
The Form 4 mainly reports a grant of 12,159 restricted stock units, not an open-market stock purchase or sale. Common stock and option positions shown in the tables are reported as existing holdings, rather than newly bought or sold shares.
What other Air Industries Group (AIRI) equity holdings does Michael Brand report?
Michael Brand reports ownership of common stock both directly and through a Roth 401(k), along with multiple stock option grants at various exercise prices and expirations. These option positions are described as fully exercisable or subject to stated vesting schedules in the footnotes.
How do the vesting terms work for Michael Brand’s AIRI equity awards?
The new RSUs vested upon grant but settle later under specific timing and change-in-control conditions. A separate stock option grant vests 5,000 shares on December 31, 2025, 2,500 on February 28, 2026, and 2,500 on May 31, 2026, with other options already exercisable.