Air Industries director granted 5,523 shares
AIR INDUSTRIES GROUP (AIRI) director Michael Porcelain reported an equity compensation award and updated holdings.
Rhea-AI Filing Summary
AIR INDUSTRIES GROUP (AIRI) director Michael Porcelain reported an equity compensation award and updated holdings. On 2026-08-27, he received a grant of 5,523 shares of Common Stock at $2.59 per share, bringing his directly held common stock to 81,274 shares. He also holds restricted stock units representing 60,791 underlying shares of common stock, which vested upon grant and will be settled on the later of the first anniversary of the award date or a qualifying Change in Control, or, if no such event occurs, on the 18‑month anniversary of the award date. In addition, he holds multiple fully exercisable stock option positions over common stock, including tranches with exercise prices of $3.00, $3.75, $3.50, $3.43, $8.40, $13.20, and $23.80 per share with expirations between 2026 and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,523 shares
Grant/Award
9 txns
Insider
PORCELAIN MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 5,523 | $2.59 | $14K |
| holding | Restricted Stock Units F2 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
| holding | Stock Options F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,274 shares (Direct);
Restricted Stock Units — 60,791 contracts (Direct);
Stock Options — 26,160 contracts (Direct)
Footnotes (3)
- F1. Grant pursuant to equity plan.
- F2. Each restricted stock unit 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 this 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 date that is the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the date that is the eighteen (18) month anniversary of the Award Date.
- F3. Exercisable in full.
Key Figures
Common stock grant: 5,523 shares
Grant price per share: $2.59 per share
Common shares held after transaction: 81,274 shares
+5 more
8 metrics
Common stock grant
5,523 shares
Grant, award, or other acquisition on 2026-08-27
Grant price per share
$2.59 per share
Common stock grant of 5,523 shares on 2026-08-27
Common shares held after transaction
81,274 shares
Directly held AIRI common stock following 5,523-share grant
Restricted stock units underlying shares
60,791 shares
Underlying AIRI common stock for RSU holding
Stock options underlying shares at $3.00
10,000 shares
Options on AIRI common stock at $3.00, expiring 2030-11-30
Stock options underlying shares at $3.75
10,000 shares
Options on AIRI common stock at $3.75, expiring 2029-08-31
Earliest option expiration
2026-12-31
Stock options on 1,000 underlying shares at $23.80
Latest option expiration
2030-11-30
Stock options on 10,000 underlying shares at $3.00
Key Terms
Restricted Stock Units, Stock Options, Change in Control, Treasury Regulation Section 1.409A-3(a)(5)
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, at settlement"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Options financial
"Stock Options ... exercisable in full"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Change in Control financial
"the occurrence of a Change in Control, which for purposes of this"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Treasury Regulation Section 1.409A-3(a)(5) regulatory
"must constitute an event described in Treasury Regulation Section 1.409A-3(a)(5)"
FAQ
What equity award did AIRI director Michael Porcelain report on this Form 4?
He reported a grant of 5,523 shares of AIRI common stock on 2026-08-27 at $2.59 per share, classified as a grant, award, or other acquisition under transaction code A, increasing his directly held common shares to 81,274.
What restricted stock unit position does Michael Porcelain report in AIRI?
He reports restricted stock units linked to 60,791 underlying shares of AIRI common stock. Each RSU represents the right to receive one share, with settlement on the later of the first anniversary of the award date or a qualifying Change in Control, or 18 months after the award date.
What stock options on AIRI common stock does Michael Porcelain hold?
He holds several fully exercisable stock option positions over AIRI common stock, including tranches for 10,000 shares at $3.00 expiring 2030-11-30, 10,000 shares at $3.75 expiring 2029-08-31, and smaller tranches at $3.50, $3.43, $8.40, $13.20, and $23.80 per share with expirations from 2026 to 2028.
Were Michael Porcelain’s AIRI transactions made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmatively under a plan (aff_10b5_one is false), and no footnote indicates that the reported grant and holdings updates were effected pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
