Air Industries Group (AIRI) director receives 12,159 RSU equity award
Rhea-AI Filing Summary
Air Industries Group director and 10% owner Michael N. Taglich reported an equity award and updated his holdings. On February 12, 2026, he acquired 12,159 restricted stock units (RSUs) for no cash cost, each representing one share of common stock at settlement.
The RSUs vested upon grant and will be settled on the later of the first anniversary of the award date or a qualifying change in control, and if no change in control occurs by the 18‑month anniversary, they settle at that time. After this grant, Taglich directly beneficially owns 455,843 shares of common stock, in addition to RSUs, stock options and convertible notes convertible into common stock as outlined in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,159 | $0.00 | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Convertible Notes | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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. Exercisable in full. Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020. Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020.
FAQ
What insider transaction did AIRI director Michael N. Taglich report on this Form 4?
Michael N. Taglich reported receiving a grant of restricted stock units (RSUs) from Air Industries Group. The award is an equity-based compensation grant, not an open-market purchase or sale of shares, and it updates his reported beneficial ownership position in the company.
How many restricted stock units did AIRI grant to Michael N. Taglich and at what price?
Air Industries Group granted Michael N. Taglich 12,159 restricted stock units. The RSUs were granted at a price of $0.00 per unit, reflecting a compensation award rather than a cash investment, with each RSU representing the right to receive one share of common stock at settlement.
What are the vesting and settlement terms of Michael N. Taglich’s new RSUs from AIRI?
The RSUs vested upon grant but will be settled later. Settlement occurs on the later of the first anniversary of the award date or a qualifying change in control, and if no change in control occurs within 18 months, settlement takes place on the 18‑month anniversary.
Does the Form 4 for AIRI show any open-market buying or selling by Michael N. Taglich?
The Form 4 shows a grant and holdings, not open-market trades. The only reported transaction code is an acquisition of restricted stock units, while common stock, options and convertible notes are disclosed as beneficially owned positions rather than new market purchases or sales.