Air Industries director granted 4,484 shares
Air Industries Group director Michael Porcelain received an equity grant of 4,484 shares of Common Stock at $3.19 per share on April 10, 2026.
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Form Type
4
Rhea-AI Filing Summary
Air Industries Group director Michael Porcelain received an equity grant of 4,484 shares of Common Stock at $3.19 per share on April 10, 2026. After this award, he directly owns 75,751 Common shares. He also holds restricted stock units tied to 60,791 underlying Common shares and multiple stock option awards with exercise prices ranging from $3.00 to $23.80 per share. The RSUs represent the right to receive one share of Common Stock per unit, vesting upon grant and settling on the later of the first anniversary of the award date or a qualifying Change in Control, or at 18 months if no such event occurs.
Insider Trade Summary
Grant/Award: 4,484 shares
Grant/Award
10 txns
Insider
PORCELAIN MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,484 | $3.19 | $14K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 75,751 shares (Direct);
Restricted Stock Units — 60,791 contracts (Direct);
Stock Options — 26,260 contracts (Direct)
Footnotes (4)
- 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. 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.
- F4. Exercisable in full.
Key Figures
Equity grant: 4,484 shares at $3.19
Direct Common shares: 75,751 shares
RSU underlying shares: 60,791 shares
+4 more
7 metrics
Equity grant
4,484 shares at $3.19
Common Stock award on April 10, 2026
Direct Common shares
75,751 shares
Shares owned directly after reported grant
RSU underlying shares
60,791 shares
Restricted Stock Units tied to Common Stock
Stock options @ $3.00
10,000 underlying shares
Exercise price $3.00, expiring November 30, 2030
Stock options @ $3.75
10,000 underlying shares
Exercise price $3.75, expiring August 31, 2029
Stock options @ $8.40
1,000 underlying shares
Exercise price $8.40, expiring April 30, 2027
Stock options @ $23.80
1,000 underlying shares
Exercise price $23.80, expiring December 31, 2026
Key Terms
Restricted Stock Units, equity plan, Change in Control, stock options, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, at settlement, one share of common stock."
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.
equity plan financial
"Grant pursuant to equity plan."
An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.
Change in Control financial
"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)"
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.
stock options financial
"Stock Options with various exercise prices and expiration dates on underlying Common Stock."
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.
Award Date financial
"settled on the later of: (A) the first anniversary of the Award Date, and (B) the occurrence of a Change in Control"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Air Industries Group (AIRI) director Michael Porcelain report on this Form 4?
Michael Porcelain reported receiving an equity grant of 4,484 shares of Air Industries Group Common Stock at $3.19 per share. This was a compensation-related award, not an open-market purchase or sale, and increased his directly held Common shares to 75,751.
What are the key terms of Michael Porcelain’s restricted stock units in AIRI?
Each restricted stock unit represents the right to receive one Air Industries Group Common share. The RSUs vested upon grant and will settle on the later of the first anniversary of the award date or a qualifying Change in Control, or at 18 months if no Change in Control occurs.
What stock option positions does Michael Porcelain hold in Air Industries Group (AIRI)?
Michael Porcelain holds several stock option awards on Air Industries Group Common Stock, including options with exercise prices of $3.00, $3.75, $3.50, $3.43, $8.40, $12.50, $13.20 and $23.80. These options cover various share amounts and expire between July 2026 and November 2030.
How do Michael Porcelain’s AIRI restricted stock units settle if no Change in Control occurs?
If no qualifying Change in Control occurs within 18 months of the award date, Michael Porcelain’s vested restricted stock units will settle on the eighteen-month anniversary. At settlement, he is entitled to receive one share of Air Industries Group Common Stock for each vested unit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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