Air Lease EVP stock cashed out in $65 merger deal
Air Lease Corporation executive vice president Kishore Korde disposed of his Class A common shares in connection with the company’s merger.
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Form Type
4
Rhea-AI Filing Summary
Air Lease Corporation executive vice president Kishore Korde disposed of his Class A common shares in connection with the company’s merger. On the merger’s effective date, each share of common stock was cancelled and converted into the right to receive $65.00 in cash per share.
The filing shows a disposition to the issuer of 62,853 directly held shares at $65.00 per share and several smaller indirect holdings tied to his children, for which beneficial ownership is disclaimed. In addition, 5,069 unvested restricted stock units were cancelled and converted into cash-based awards at the same per‑share price, retaining their prior vesting terms.
Insider Trade Summary
Disposition: 63,907 shares
Disposition
4 txns
Insider
Korde Kishore
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Air Lease Corporation - Class A Common Stock | 62,853 | $65.00 | $4.09M |
| Disposition | Air Lease Corporation - Class A Common Stock | 716 | $65.00 | $47K |
| Disposition | Air Lease Corporation - Class A Common Stock | 199 | $65.00 | $13K |
| Disposition | Air Lease Corporation - Class A Common Stock | 139 | $65.00 | $9K |
Holdings After Transaction:
Air Lease Corporation - Class A Common Stock — 0 shares (Direct);
Air Lease Corporation - Class A Common Stock — 0 shares (Indirect, See footnote)
Footnotes (4)
- 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 5,069 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.
- F3. 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.
- F4. 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.
Key Figures
Direct shares disposed: 62,853 shares
Per Share Price: $65.00 per share
Unvested RSUs converted: 5,069 RSUs
+4 more
7 metrics
Direct shares disposed
62,853 shares
Disposition to issuer at $65.00 per share on 2026-04-08
Per Share Price
$65.00 per share
Cash consideration for each Air Lease Class A common share in merger
Unvested RSUs converted
5,069 RSUs
Cancelled and converted into cash awards at $65.00 per share equivalent
Indirect block 1 disposed
716 shares
Indirect disposition to issuer at $65.00 per share
Indirect block 2 disposed
199 shares
Indirect disposition to issuer at $65.00 per share
Indirect block 3 disposed
139 shares
Indirect disposition to issuer at $65.00 per share
Post-transaction holdings
0 shares
Total shares following each reported transaction
Key Terms
Agreement and Plan of Merger, Per Share Price, restricted stock units ("RSUs"), Converted Cash Awards, +2 more
6 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"),"
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.
restricted stock units ("RSUs") financial
"include 5,069 unvested restricted stock units ("RSUs"), which were cancelled and converted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Converted Cash Awards financial
"converted into the right to receive an amount in cash ... (the "Converted Cash Awards")."
California Uniform Transfers to Minors Act regulatory
"held by the reporting person as custodian ... under the California Uniform Transfers to Minors Act."
beneficial ownership regulatory
"expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AL executive Kishore Korde report on this Form 4?
Kishore Korde reported dispositions of Air Lease Class A common stock to the issuer. The transactions occurred at $65.00 per share in connection with a completed merger that converted each share into the right to receive cash instead of stock going forward.
How were Kishore Korde’s unvested RSUs in AL treated in the merger?
The filing states that 5,069 unvested restricted stock units were cancelled at closing and converted into cash-based awards. Each award equals the $65.00 per-share price multiplied by the RSUs, while keeping the same vesting schedule and conditions that applied before the merger.
AI-generated analysis. How Rhea-AI works. Not financial advice.
