Air Lease (NYSE: AL) director discloses stock sales and major share gifts

Rhea-AI Filing Summary

Air Lease Corporation reported insider activity by a director involving Class A common stock in mid‑December 2025. On 12/12/2025, the reporting person sold several blocks of shares, including 18,000 shares at a weighted average price of $63.9899 per share and 26,000 shares at $64.0197, through a mix of direct and indirect holdings. Additional sales on 12/15/2025 included transactions such as 19,000 shares at a weighted average price of $64.1249 and other smaller blocks at prices like $64.1291 and $64.155 per share.

On 12/16/2025, the director reported gifts coded as "G" of 104,000 directly held shares and 1,000 indirectly held shares at a price of $0 per share. After these transactions, the director continued to hold multiple direct and indirect positions, including shares held through family trusts, a wholly owned corporation, an LLC partly owned by trusts for the reporting person’s children, and accounts for the reporting person’s spouse and descendants. Several of these indirect holdings are reported with an express disclaimer of beneficial ownership except to the extent of any pecuniary interest.

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

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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^*

UDVAR-HAZY STEVEN F

(Last) (First) (Middle)

C/O AIR LEASE CORPORATION

2000 AVENUE OF THE STARS, SUITE 1000N

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

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

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

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

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	12/12/2025		S		18,000	D	$63.9899(1)	1,410,366	D
Air Lease Corporation - Class A Common Stock	12/12/2025		S		26,000	D	$64.0197(2)	74,000	I	See footnote(3)
Air Lease Corporation - Class A Common Stock	12/12/2025		S		20,000	D	$64.02	2,660,000	I	See footnote(4)
Air Lease Corporation - Class A Common Stock	12/12/2025		S		18,000	D	$64.0105	975,658(5)	I	See footnote(6)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		19,000	D	$64.1249(7)	1,391,366	D
Air Lease Corporation - Class A Common Stock	12/15/2025		S		2,000	D	$64.1291(8)	31,000	I	See footnote(9)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		3,000	D	$64.1291(10)	321,350	I	See footnote(11)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		3,000	D	$64.155	71,000	I	See footnote(3)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		20,000	D	$64.1426(12)	2,640,000	I	See footnote(4)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		19,132	D	$64.2337(13)	956,526	I	See footnote(6)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		1,000	D	$64.2312	30,745	I	See footnote(14)
Air Lease Corporation - Class A Common Stock	12/15/2025		S		500	D	$64.2426(15)	14,050	I	See footnote(16)
Air Lease Corporation - Class A Common Stock	12/16/2025		G		104,000	D	$0	1,287,366	D
Air Lease Corporation - Class A Common Stock	12/16/2025		G		1,000	D	$0	955,526	I	See footnote(6)
Air Lease Corporation - Class A Common Stock								19,500	I	See footnote(16)
Air Lease Corporation - Class A Common Stock								10,000	I	See footnote(17)
Air Lease Corporation - Class A Common Stock								21,500	I	See footnote(17)
Air Lease Corporation - Class A Common Stock								1,300	I	See footnote(18)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(18)
Air Lease Corporation- Class A Common Stock								1,300	I	See footnote(18)

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. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $63.97 to $64.03, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1 to this Form 4.

2. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.01 to $64.025, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.

3. 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.

4. 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.

5. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.01 to $64.015, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.

6. These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.

7. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.11 to $64.145, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 7 to this Form 4.

8. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.12 to $64.145, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 8 to this Form 4.

9. 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.

10. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.12 to $64.145, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 10 to this Form 4.

11. These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.

12. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.13 to $64.15, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 12 to this Form 4.

13. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.23 to $64.24, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 13 to this Form 4.

14. 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.

15. The price reported in Column 4 is the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $64.235 to $64.245, inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 15 to this Form 4.

16. 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.

17. 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.

18. 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.

	/s/ Lauren Jaeger, Attorney-in-Fact	12/16/2025
	** 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.

FAQ

What insider transactions did Air Lease (AL) report in December 2025?

A director of Air Lease Corporation reported multiple sales of Class A common stock on 12/12/2025 and 12/15/2025, followed by reported gifts of shares on 12/16/2025. The transactions involved both directly and indirectly held shares, as detailed in Table I.

At what prices were Air Lease Class A shares sold by the director?

The reported sales of Air Lease Corporation Class A Common Stock used weighted average prices, including $63.9899, $64.0197, $64.02, $64.0105, $64.1249, $64.1291, $64.155, $64.1426, $64.2337, $64.2312 and $64.2426 per share, with underlying price ranges described in the footnotes.

How many Air Lease shares were reported as gifts by the director?

On 12/16/2025, the director reported gifts coded as "G" of 104,000 directly held shares and 1,000 indirectly held shares of Air Lease Corporation Class A Common Stock, each at a reported price of $0 per share.

What is the reporting persons relationship to Air Lease Corporation (AL)?

The reporting person is identified as a Director of Air Lease Corporation, and the form is filed by one reporting person, as indicated in the relationship and filing status sections.

Which entities and family members hold Air Lease shares for the reporting person?

Indirect holdings include shares held by Ocean Equities, Inc. (100% owned by the Hazy Family Community Property Trust 5/28/85), the Hazy Family Community Property Trust 5/28/85 itself, the Udvar-Hazy Separate Property Trust, Emerald Financial LLC (with separate trusts for each of the reporting persons four children owning membership interests), and Air Intercontinental, Inc.. Additional shares are owned by the reporting persons wife, a daughter, a son, and as custodian for a grandchild under the California Uniform Transfers to Minors Act.

What does it mean that beneficial ownership is disclaimed for some Air Lease shares?

For shares owned by the reporting persons wife, a daughter, a son, and a grandchild, the reporting person expressly disclaims beneficial ownership except to the extent of any pecuniary interest. The footnotes state that including these shares in the report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.