Air Lease (AL) EVP Poerschke’s 107,778 shares cancelled for $65 cash in merger

Rhea-AI Filing Summary

Air Lease Corporation EVP John D. Poerschke reported a full disposition of his Class A common stock in connection with the company’s merger. On the merger’s effective date, 107,778 shares were cancelled and converted into the right to receive $65.00 per share in cash.

The disposition includes 3,973 unvested restricted stock units that were cancelled and converted into cash-based awards at the same $65.00 per share price. These converted cash awards keep the same vesting schedule and conditions that applied to the original RSUs before the merger.

Insights

Equity compensation and M&A specialist

Executive equity converted to cash as part of Air Lease’s merger.

The filing shows EVP John D. Poerschke disposed of 107,778 Class A shares via a merger-related cancellation, not an open-market sale. Each share was converted into the right to receive $65.00 in cash at the merger’s effective time.

The footnotes clarify that 3,973 unvested RSUs were also cancelled and turned into cash-based awards using the same $65.00 per-share price. These cash awards retain the original RSU vesting terms, so the executive continues to have future, time-based compensation exposure, now in cash rather than stock.

Because this is a mechanical merger conversion rather than a discretionary trade, its informational value for sentiment is limited. It mainly documents how existing equity and RSUs were treated in the transaction and that Poerschke’s reported direct stock position dropped to zero as of the merger closing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Poerschke John D

Role EVP

Type	Security	Shares	Price	Value
Disposition	Air Lease Corporation - Class A Common Stock	107,778	$65.00	$7.01M

Holdings After Transaction: Air Lease Corporation - Class A Common Stock — 0 shares (Direct)

Footnotes (1)

1. 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"). The shares of Common Stock reported as disposed by the reporting person include 3,973 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: 107,778 shares Per-share cash consideration: $65.00 per share Post-transaction direct holdings: 0 shares +1 more

4 metrics

Shares disposed 107,778 shares Class A common stock cancelled at merger effective time

Per-share cash consideration $65.00 per share Merger cash price for each cancelled common share

Post-transaction direct holdings 0 shares Direct Class A common stock held after merger-related disposition

Unvested RSUs converted 3,973 RSUs RSUs cancelled and converted into cash-based awards at $65.00

Key Terms

Agreement and Plan of Merger, Merger, Effective Time, Per Share Price, +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.

Merger financial

"Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger")."

A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

Effective Time regulatory

"At the effective time of the Merger (the "Effective Time"), each issued and outstanding share"

Per Share Price financial

"receive $65.00 per share in cash, without interest thereon (the "Per Share Price")."

restricted stock units financial

"include 3,973 unvested restricted stock units ("RSUs"), which were cancelled and converted"

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

"equal to the product of the Per Share Price and the total number of unvested RSUs (the "Converted Cash Awards")."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Poerschke John D

(Last) (First) (Middle)

C/O AIR LEASE CORPORATION

2000 AVENUE OF THE STARS, SUITE 1000N

(Street)

LOS ANGELES CALIFORNIA 90067

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SUMISHO AIR LEASE CORP [ AL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Air Lease Corporation - Class A Common Stock	04/08/2026		D(1)		107,778(2)	D	$65	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. The shares of Common Stock reported as disposed by the reporting person include 3,973 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.

	/s/ Lauren Jaeger, Attorney-in-Fact	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Air Lease (AL) EVP John D. Poerschke report in this Form 4?

He reported a merger-related disposition of 107,778 shares of Air Lease Class A common stock. All shares were cancelled at the merger’s effective time and converted into the right to receive cash at $65.00 per share, reflecting treatment under the merger agreement.

At what price were John D. Poerschke’s Air Lease (AL) shares converted?

Each cancelled share was converted into the right to receive $65.00 in cash. This per-share cash consideration was set by the merger agreement and applied uniformly to all issued and outstanding Class A common stock at the merger’s effective time for this transaction.

How many Air Lease (AL) shares did John D. Poerschke dispose of in the merger?

He disposed of 107,778 shares of Class A common stock through a cancellation to the issuer. Those shares were automatically extinguished at the merger’s effective time and converted into cash rights, leaving him with zero directly reported shares immediately after the transaction.

What happened to John D. Poerschke’s unvested RSUs in the Air Lease (AL) merger?

The filing states that 3,973 unvested restricted stock units were cancelled and converted into cash-based awards. Each unit became a right to receive cash equal to $65.00 times the RSU count, while keeping the same vesting terms and conditions that previously applied to those RSUs.

Was John D. Poerschke’s Form 4 transaction an open-market sale of Air Lease (AL) stock?

No, the transaction is classified as a disposition to the issuer tied to the merger. Shares were cancelled and converted into cash at $65.00 per share under the merger agreement, rather than sold by the executive into the open market through discretionary trading activity.

What is John D. Poerschke’s direct Air Lease (AL) shareholding after this Form 4 transaction?

The Form 4 reports that his total directly held Air Lease Class A common shares following the transaction is zero. This reflects the full cancellation and cash conversion of the 107,778 reported shares at the merger’s effective time under the terms of the merger agreement.