Air Lease (NYSE: AL) CFO uses 1,969 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Lease Corporation executive Gregory B. Willis reported a tax-related share disposition. On this Form 4, the EVP and CFO had 1,969 shares of Air Lease Class A common stock withheld at $64.85 per share to satisfy tax obligations. This was a tax-withholding disposition, not an open-market sale, and followed the vesting or settlement of equity compensation. After this transaction, Willis directly owned 68,923 shares of Air Lease common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Willis Gregory B
Role
EVP AND CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Air Lease Corporation - Class A Common Stock | 1,969 | $64.85 | $128K |
Holdings After Transaction:
Air Lease Corporation - Class A Common Stock — 68,923 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Air Lease (AL) report for Gregory B. Willis?
Air Lease reported that EVP and CFO Gregory B. Willis had 1,969 Class A common shares disposed to cover tax liabilities. The transaction used code F, meaning shares were withheld rather than sold in the open market, and it relates to equity compensation.
What does transaction code F mean in the Air Lease (AL) Form 4 filing?
Transaction code F means shares were used to pay an exercise price or tax liability by delivering securities. In this case, 1,969 Air Lease shares were withheld to satisfy tax obligations tied to equity compensation, rather than being sold on the open market.