Air Lease (AL) EVP reports 311-share award and 129-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Lease Corporation EVP Kishore Korde received 311 shares of Class A common stock through the vesting of performance-based restricted stock units granted in 2023 under the company’s 2014 Equity Incentive Plan. On the same date, 129 shares were disposed of to cover tax obligations, leaving him with 64,703 directly held shares. Additional shares are reported as indirectly owned for his children, with Korde disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Korde Kishore
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Air Lease Corporation - Class A Common Stock | 311 | $0.00 | -- |
| Tax Withholding | Air Lease Corporation - Class A Common Stock | 129 | $64.66 | $8K |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Air Lease Corporation - Class A Common Stock — 64,832 shares (Direct);
Air Lease Corporation - Class A Common Stock — 716 shares (Indirect, See footnote)
Footnotes (1)
- Shares issued upon the vesting of performance-based restricted stock units granted to the reporting person in 2023 under the Air Lease Corporation 2014 Equity Incentive Plan. These shares are owned by one of the reporting person's children. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes. These shares are held by the reporting person as custodian for one of the reporting person's children under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
FAQ
What did Air Lease (AL) EVP Kishore Korde report in this Form 4 filing?
Kishore Korde reported the vesting of 311 performance-based restricted stock units into Class A common shares and the disposition of 129 shares to satisfy tax obligations, resulting in 64,703 Air Lease shares held directly in his name after the transactions.
Are the indirect Air Lease (AL) holdings in this Form 4 fully attributed to Kishore Korde?
No. The filing explains that some shares are owned by or held for his children, and Korde expressly disclaims beneficial ownership of those shares beyond any pecuniary interest, so they are associated with him but not treated as fully his personal holdings.