Vanguard Portfolio Management reported beneficial ownership of 6,261,881 shares of Air Lease Corp common stock, representing 5.58% of the class. The filing states Vanguard has sole dispositive power over 6,261,881 shares and sole voting power for 12,591 shares. Holdings include shares managed for Vanguard funds and other client accounts.
Sumisho Air Lease Corporation approved a new 2026 Annual Cash Bonus Plan for its officers. The plan, effective April 15, 2026, replaces the company’s 2025 cash bonus plan.
The plan provides annual cash Incentive Awards that are tied to both individual and corporate performance goals. All officers of the company and its subsidiaries may be eligible, but only if specifically designated as Participants by the Board of Directors in its sole discretion.
Sumisho Air Lease Corporation reported a major restructuring following its merger into Takeoff Merger Sub Inc., becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company. The company approved a workforce reduction affecting 64 employees, representing a 40% cut versus December 31, 2025 staffing.
Affected employees were notified between April 8 and April 10, 2026, with reductions expected to be completed in the second and third quarters of 2026. Impacted staff are eligible for severance payments based on length of service and continued benefits for a set period, contingent on signing a separation agreement with a general release of claims. The company states it cannot yet reasonably estimate the total costs and will amend this Form 8-K when those estimates are available.
Air Lease Corporation EVP and CFO Gregory B. Willis reported the disposition of 68,923 shares of Air Lease Class A common stock at $65.00 per share, leaving him with no directly held shares after the transaction.
The filing explains this occurred at the effective time of a merger in which a subsidiary of Sumisho Air Lease Corporation Designated Activity Company merged with Air Lease, making it an indirect wholly owned subsidiary. Each outstanding share was automatically cancelled and converted into the right to receive $65.00 in cash. The 68,923 shares reported as disposed include 5,594 unvested restricted stock units, which were cancelled and converted into cash awards that retain the same vesting terms as the original RSUs.
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.
SUMISHO AIR LEASE CORP completed a merger in which its subsidiary acquired Air Lease Corporation, and all Class A common shares were cancelled and converted into a right to receive $65.00 per share in cash. EVP Grant A. Levy reported dispositions to the issuer of 151,438 directly held shares and additional indirectly held shares at this per-share price, leaving him with zero reported shares after the transaction.
The filing notes that 5,589 unvested restricted stock units were cancelled and converted into cash-based “Converted Cash Awards” using the same $65.00 per-share price, while keeping their original vesting terms. Some of the indirectly reported shares are owned by one of Levy’s sons; Levy expressly disclaims beneficial ownership of those shares except for any pecuniary interest.
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.
Air Lease executive Alex A. Khatibi disposed of his remaining shares as part of a cash merger. He transferred 91,506 shares of Air Lease Corporation Class A common stock back to the issuer at $65.00 per share in cash in connection with the merger with Sumisho Air Lease Corporation’s affiliate.
The transaction left him with 0 shares of common stock. The disposed amount includes 4,959 unvested restricted stock units, which were cancelled and converted into cash awards equal to $65.00 per unit and will continue to follow the same vesting conditions that applied before the merger’s effective time.