Large equity grant and tax share withholding at Air Lease (AL)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Lease director Steven F. Udvar-Hazy received a grant of 122,595 shares of Air Lease Corporation Class A common stock at no cost, following vesting of performance-based restricted stock units awarded under the 2014 Equity Incentive Plan. On the same date, 46,737 shares were disposed of at $64.66 per share to cover tax obligations. He now directly holds 1,363,224 shares, with additional indirect holdings reported through family members, trusts, and related entities.
Positive
- None.
Negative
- None.
Insights
Director receives stock award; shares withheld for taxes.
Steven F. Udvar-Hazy received 122,595 Air Lease Class A shares through vesting of performance-based restricted stock units granted under the 2014 Equity Incentive Plan. This is compensation in equity form, not an open-market purchase.
Separately, 46,737 shares were disposed of at $64.66 per share to satisfy tax obligations related to the award, a common feature of equity plans. The report also details substantial indirect holdings through family members, trusts, and entities, with explicit beneficial ownership disclaimers for some positions.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
UDVAR-HAZY STEVEN F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Air Lease Corporation - Class A Common Stock | 122,595 | $0.00 | -- |
| Tax Withholding | Air Lease Corporation - Class A Common Stock | 46,737 | $64.66 | $3.02M |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation- Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation- Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| holding | Air Lease Corporation - Class A Common Stock | -- | -- | -- |
| 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 — 1,409,961 shares (Direct);
Air Lease Corporation - Class A Common Stock — 30,745 shares (Indirect, See footnote);
Air Lease Corporation- Class A Common Stock — 1,300 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 the reporting person's wife. 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 purpose. These shares are owned by one of the reporting person's daughters. 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 purpose. These shares are owned by one of the reporting person's sons. 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. These shares are held by the reporting person as custodian for one of the reporting person's grandchildren 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. These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. 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 purpose. These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder. These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner. These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner. These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.
FAQ
What insider transactions did Steven F. Udvar-Hazy report for Air Lease (AL)?
Steven F. Udvar-Hazy reported receiving 122,595 shares of Air Lease Class A common stock from vesting performance-based restricted stock units, and disposing of 46,737 shares at $64.66 per share to cover related tax obligations, while updating his direct and indirect share holdings.
Was the Air Lease (AL) insider transaction a market purchase or sale?
The reported activity was not an open-market trade. Udvar-Hazy received 122,595 shares as an equity award and 46,737 shares were disposed of at $64.66 per share specifically to satisfy tax liabilities tied to that vesting, rather than a discretionary market sale.
What equity plan was used for Steven F. Udvar-Hazy’s Air Lease (AL) stock award?
The 122,595-share grant resulted from vesting of performance-based restricted stock units granted in 2023 under the Air Lease Corporation 2014 Equity Incentive Plan. This plan provides stock-based compensation tied to performance metrics, aligning director incentives with company outcomes over time.
How are Udvar-Hazy’s indirect Air Lease (AL) holdings structured according to the Form 4?
Indirect holdings are reported through his wife, children, grandchildren, and entities such as Emerald Financial LLC, Air Intercontinental, Inc., Ocean Equities, Inc., and family trusts. Footnotes state he disclaims beneficial ownership for certain family accounts except for any pecuniary interest he may have.