FTAI Aviation (FTAI) CEO awarded 16,351 restricted stock units in Form 4

Rhea-AI Filing Summary

Adams Joseph P. Jr. reported acquisition or exercise transactions in this Form 4 filing.

FTAI Aviation Ltd. CEO and Chairman Joseph P. Adams Jr. received a grant of 16,351 restricted stock units covering ordinary shares on February 27, 2026, at no cash cost. These units vest in three equal annual installments beginning on February 27, 2027, contingent on his continued employment. He also reports indirect holdings of 116,000 ordinary shares through a Spousal Lifetime Access Trust and 187,616 ordinary shares through an LLC.

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

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^*

Adams Joseph P. Jr.

(Last) (First) (Middle)

405 WEST 13TH STREET, 3RD FLOOR

(Street)

NEW YORK NY 10014

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FTAI Aviation Ltd. [ FTAI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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
Ordinary Shares	02/27/2026		A		16,351(1)	A	$0	233,420	D
Ordinary Shares								116,000	I	By Spousal Lifetime Access Trust
Ordinary Shares								187,616	I	By LLC

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. Reflects a grant of restricted stock units that vest in three equal annual installments beginning on February 27, 2027, subject to the reporting person's continued employment on each vesting date.

Remarks:

	/s/ BoHee Yoon, as Attorney-in-fact	03/03/2026
	** 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.

FAQ

What did FTAI (FTAI) CEO Joseph P. Adams Jr. receive in this Form 4?

Joseph P. Adams Jr. received 16,351 restricted stock units tied to FTAI ordinary shares. The award was granted on February 27, 2026 at no cash cost as a form of equity-based compensation.

When do Joseph P. Adams Jr.’s new FTAI restricted stock units vest?

The 16,351 restricted stock units begin vesting on February 27, 2027 in three equal annual installments. Each tranche requires Joseph P. Adams Jr. to remain employed with FTAI Aviation Ltd. through the applicable vesting date.

How many FTAI shares does Joseph P. Adams Jr. hold directly after this award?

Following the equity grant, Joseph P. Adams Jr. holds 233,420 FTAI ordinary shares directly. This figure reflects his direct ownership reported as of the February 27, 2026 Form 4 filing date.

What indirect FTAI share holdings are reported for Joseph P. Adams Jr.?

The filing shows 116,000 FTAI ordinary shares held indirectly through a Spousal Lifetime Access Trust and 187,616 ordinary shares held indirectly through an LLC, in addition to his directly owned shares.

Did Joseph P. Adams Jr. buy or sell FTAI shares on the open market?

No open-market buy or sell is reported. The Form 4 shows an acquisition coded as a grant or award of 16,351 restricted stock units, with no purchase price per share disclosed.

Is the FTAI CEO’s new equity grant subject to any conditions?

Yes. The restricted stock units vest in three equal annual installments starting February 27, 2027. Each installment requires Joseph P. Adams Jr. to continue his employment with FTAI through the respective vesting date.