AerSale (ASLE) executive auto-sells 77 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AerSale Corp executive Benjamin Thomas Tschirhart reported a small, routine share disposition tied to equity compensation. On the vesting and settlement of 310 restricted stock units, 77 shares of common stock were sold at $6.5631 per share to cover tax withholding obligations.
The footnote explains this was an automatic "sell to cover" transaction carried out under the company’s equity plan and pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2024. Following this tax-related sale, Tschirhart directly holds 32,487 shares of AerSale common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 77 shares ($505)
Net Sell
1 txn
Insider
Tschirhart Benjamin Thomas
Role
See Remarks
Sold
77 shs ($505.36)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 77 | $6.5631 | $505.36 |
Holdings After Transaction:
Common Stock — 32,487 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 77 shares
Sale price: $6.5631 per share
RSUs vesting: 310 RSUs
+3 more
6 metrics
Shares sold
77 shares
Sell-to-cover for tax withholding
Sale price
$6.5631 per share
Sell-to-cover transaction
RSUs vesting
310 RSUs
Vesting and settlement triggering tax sale
Shares held after
32,487 shares
Direct holdings post-transaction
Trading plan adoption date
June 15, 2024
Rule 10b5-1 plan for tax-withholding sales
Net buy/sell shares
-77 shares
Net effect of reported transactions
Key Terms
sell to cover, restricted stock units, Rule 10b5-1 trading plan, tax withholding obligations
4 terms
sell to cover financial
"Reflects a "sell to cover" transaction to cover tax withholding obligations"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"in connection with the vesting and settlement of 310 restricted stock units ("RSUs")"
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.
Rule 10b5-1 trading plan regulatory
"pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax withholding obligations financial
"transaction to cover tax withholding obligations in connection with the vesting"
FAQ
What did AerSale (ASLE) executive Benjamin Tschirhart report in this Form 4?
Benjamin Tschirhart reported a small disposition of AerSale common stock. The filing shows 77 shares were sold at $6.5631 per share to satisfy tax withholding obligations linked to the vesting of 310 restricted stock units, under the company’s equity plan.
Was the AerSale (ASLE) insider transaction an open-market sale?
The transaction used the market price but was not a discretionary sale. The 77 shares were sold automatically in a "sell to cover" arrangement to pay taxes on vesting RSUs, as required by AerSale’s equity plan and a pre-established Rule 10b5-1 trading plan.
What equity award triggered the AerSale (ASLE) sell-to-cover transaction?
The transaction was triggered by the vesting and settlement of 310 restricted stock units previously granted to Benjamin Tschirhart. To cover associated tax withholding obligations, 77 of the resulting shares were automatically sold at $6.5631 per share under the company’s equity compensation framework.
Did a Rule 10b5-1 trading plan govern this AerSale (ASLE) insider trade?
Yes. The footnote states the sell-to-cover transaction was effected automatically under a Rule 10b5-1 trading plan adopted on June 15, 2024. Such plans pre-schedule trades, indicating this tax-related sale was pre-arranged rather than timed at the insider’s discretion.