Air Industries (AIRI) president awarded 12,159 RSUs and holds options
Rhea-AI Filing Summary
Air Industries Group president Luciano M. Melluzzo received a grant of 12,159 restricted stock units on February 12, 2026 as equity compensation. Each RSU represents one share of common stock and vested upon grant, with settlement scheduled for the later of the first anniversary of the award date or a qualifying change in control, or 18 months after the award date if no change in control occurs. The filing also reports previously granted RSUs from an August 26, 2024 award, with portions vesting or scheduled to vest in 2025, 2026 and 2027, as well as several fully exercisable stock option positions with exercise prices ranging from $3.43 to $13.9. Melluzzo additionally holds 42,199 shares of Air Industries Group common stock directly.
Positive
- None.
Negative
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Insights
Routine equity grant increases president’s RSU and option-based incentives.
Air Industries Group granted president Luciano M. Melluzzo 12,159 restricted stock units on February 12, 2026 at an effective price of $0, reflecting a standard stock-based compensation award rather than an open-market purchase.
The RSUs vest immediately but settle later, tied to either the first anniversary of the award, a qualifying change in control under Treasury Regulation 1.409A-3(a)(5), or the 18‑month anniversary. This structure aligns payout timing with corporate events and retention goals.
The filing also lists sizable existing RSU tranches and fully exercisable stock options with exercise prices from $3.43 to $13.9, plus direct ownership of common shares. Overall, it documents Melluzzo’s equity-based incentives without indicating any share sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,159 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock options | -- | -- | -- |
| holding | Stock options | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| 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. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This award was granted on August 26, 2024. 34,123 restricted stock units subject to the award vested on April 1, 2025. 34,123 are scheduled to vest on April 1, 2026 and 34,122 are scheduled to vest on April 1, 2027, assuming continued employment through the applicable vesting date. Exercisable in full
