FTAI Aviation (FTAI) director awarded 552 restricted share units

Rhea-AI Filing Summary

GOODWIN PAUL R reported acquisition or exercise transactions in this Form 4 filing.

FTAI Aviation Ltd. director Paul R. Goodwin reported an indirect award of 552 Ordinary Shares through a grant of restricted share units at no cost. These units vest in one annual installment on May 28, 2026, subject to his continued service, bringing his indirect trust-held position to 82,788 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GOODWIN PAUL R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	552	$0.00	--

Holdings After Transaction: Ordinary Shares — 82,788 shares (Indirect, By Trust)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant: 552 Ordinary Shares Grant price: $0.00 per share Holdings after transaction: 82,788 shares +1 more

4 metrics

RSU grant 552 Ordinary Shares Grant, award, or other acquisition on May 28, 2026 vesting schedule

Grant price $0.00 per share Awarded as compensation, not purchased in market

Holdings after transaction 82,788 shares Total indirect Ordinary Shares held by trust after grant

Vesting date May 28, 2026 RSUs vest in one annual installment on this date

Key Terms

restricted share units, Grant, award, or other acquisition, Ordinary Shares, By Trust

4 terms

restricted share units financial

"Reflects a grant of restricted share units that vest in one annual installment"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Ordinary Shares financial

"security_title: Ordinary Shares"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

By Trust financial

"nature_of_ownership: By Trust"

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

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^*

GOODWIN PAUL R

(Last) (First) (Middle)

405 WEST 13TH STREET, 3RD FLOOR

(Street)

NEW YORK NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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
Ordinary Shares	05/28/2026		A		552(1)	A	$0	82,788	I	By Trust

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 share units that vest in one annual installment beginning on May 28, 2026, subject to the reporting person's continued service on the vesting date.

Remarks:

	/s/ BoHee Yoon, as Attorney-in-fact	05/29/2026
	** 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 insider transaction did FTAI (FTAI) director Paul R. Goodwin report?

Paul R. Goodwin reported an indirect award of 552 Ordinary Shares in FTAI Aviation Ltd. The shares come from a grant of restricted share units at no cost, held via a trust, increasing his indirect beneficial holdings to 82,788 shares after the grant.

How many FTAI Aviation shares were granted to Paul R. Goodwin in this Form 4?

The filing shows a grant of 552 Ordinary Shares to Paul R. Goodwin. These were received through restricted share units, not purchased on the market, and are in addition to his existing indirect holdings reported as 82,788 shares following the transaction.

At what price were Paul R. Goodwin’s new FTAI shares acquired?

The 552 Ordinary Shares were acquired at a price of $0.00 per share. This indicates a compensation-related award, not a market purchase, reflecting a grant of restricted share units rather than an open-market transaction in FTAI Aviation’s stock.

When do Paul R. Goodwin’s newly granted FTAI restricted share units vest?

The restricted share units vest in one annual installment beginning on May 28, 2026. Vesting is conditioned on Paul R. Goodwin’s continued service through that date, meaning he must remain in service for the award to fully convert into Ordinary Shares.

How are Paul R. Goodwin’s new FTAI shares held according to the Form 4?

The Form 4 reports the 552 newly granted Ordinary Shares as held indirectly “By Trust.” This indicates ownership through a trust structure rather than directly in his own name, consistent with the indirect ownership classification disclosed in the filing.