Air Lease EVP exits 91,506 shares at $65 merger price
Air Lease executive Alex A. Khatibi disposed of his remaining shares as part of a cash merger.
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Form Type
4
Rhea-AI Filing Summary
Air Lease executive Alex A. Khatibi disposed of his remaining shares as part of a cash merger. He transferred 91,506 shares of Air Lease Corporation Class A common stock back to the issuer at $65.00 per share in cash in connection with the merger with Sumisho Air Lease Corporation’s affiliate.
The transaction left him with 0 shares of common stock. The disposed amount includes 4,959 unvested restricted stock units, which were cancelled and converted into cash awards equal to $65.00 per unit and will continue to follow the same vesting conditions that applied before the merger’s effective time.
Insider Trade Summary
Disposition: 91,506 shares
Disposition
1 txn
Insider
Khatibi Alex A
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Air Lease Corporation - Class A Common Stock | 91,506 | $65.00 | $5.95M |
Holdings After Transaction:
Air Lease Corporation - Class A Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").
- F2. The shares of Common Stock reported as disposed by the reporting person include 4,959 unvested restricted stock units ("RSUs"), which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time.
Key Figures
Shares disposed: 91,506 shares
Cash consideration per share: $65.00 per share
Shares after transaction: 0 shares
+2 more
5 metrics
Shares disposed
91,506 shares
Class A common stock cancelled in merger
Cash consideration per share
$65.00 per share
Per Share Price at effective time of merger
Shares after transaction
0 shares
Total Class A common stock held post‑transaction
Unvested RSUs converted
4,959 RSUs
Cancelled and converted into cash awards
RSU cash conversion rate
$65.00 per unit
Per Share Price applied to unvested RSUs
Key Terms
Agreement and Plan of Merger, Effective Time, restricted stock units, Converted Cash Awards, +1 more
5 terms
Agreement and Plan of Merger financial
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time financial
"At the effective time of the Merger (the "Effective Time"), each issued and outstanding share..."
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
restricted stock units financial
"The shares of Common Stock reported as disposed by the reporting person include 4,959 unvested restricted stock units ("RSUs")..."
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.
Converted Cash Awards financial
"were cancelled and converted into the right to receive an amount in cash... (the "Converted Cash Awards")."
Class A common stock financial
"each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Air Lease (AL) executive Alex A. Khatibi report in this Form 4?
Alex A. Khatibi reported disposing of 91,506 shares of Air Lease Class A common stock. The shares were transferred to the issuer at $65.00 per share in cash as part of a merger transaction, leaving him with no remaining common stock holdings.
What happened to Alex A. Khatibi’s unvested RSUs in Air Lease (AL)?
The 4,959 unvested restricted stock units were cancelled and converted into cash awards. Each RSU became a right to receive cash equal to $65.00 per unit, and these cash awards keep the same vesting schedule and conditions that applied before the merger.
Did Alex A. Khatibi retain any Air Lease (AL) stock after the reported transaction?
No, he held zero shares of Air Lease Class A common stock after the transaction. All reported shares were cancelled and converted into cash as part of the merger structure, fully eliminating his direct common stock position at the effective time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
