FTAI Aviation (FTAI) director takes shares instead of cash fees

Rhea-AI Filing Summary

GIDUMAL SHYAM H reported acquisition or exercise transactions in this Form 4 filing.

FTAI Aviation director Shyam H. Gidumal received 93 Ordinary Shares on March 16, 2026 as a stock grant in lieu of cash fees for board service. After this award, he directly holds 1,669 Ordinary Shares. The grant was made under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GIDUMAL SHYAM H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	93	$0.00	--

Holdings After Transaction: Ordinary Shares — 1,669 shares (Direct)

Footnotes (1)

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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^*

GIDUMAL SHYAM H

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		A		93	A	$0(1)	1,669	D

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 ordinary shares issued at the election of the reporting person in lieu of cash fees as compensation for services provided to the issuer in accordance with the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan and the additional terms established by resolution of the Board of Directors. The applicable closing share price was $236.10 on March 16, 2026.

Remarks:

	/s/ BoHee Yoon, as Attorney-in-fact	03/17/2026
	** 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 insider transaction did FTAI director Shyam H. Gidumal report on this Form 4 for FTAI?

Director Shyam H. Gidumal reported receiving 93 FTAI Aviation Ltd. Ordinary Shares as a grant on March 16, 2026. The shares were issued as compensation for board services instead of cash fees under the company’s 2025 Omnibus Incentive Award Plan.

How many FTAI Aviation shares does Shyam H. Gidumal hold after this Form 4 transaction?

After the March 16, 2026 stock grant, Shyam H. Gidumal directly holds 1,669 FTAI Aviation Ltd. Ordinary Shares. This figure reflects his position following the award of 93 shares received as compensation in lieu of cash director fees.

Was the FTAI Form 4 transaction an open-market purchase or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. FTAI Aviation issued 93 Ordinary Shares to director Shyam H. Gidumal in lieu of cash fees for his board service, consistent with the 2025 Omnibus Incentive Award Plan and related board resolutions.

What price reference is disclosed for the FTAI Aviation share grant on March 16, 2026?

The filing notes an applicable closing share price of $236.10 for FTAI Aviation Ltd. Ordinary Shares on March 16, 2026. This price is referenced in connection with the stock issued as compensation in lieu of cash director fees under the 2025 incentive plan.

Under which plan was the FTAI Aviation stock grant to Shyam H. Gidumal made?

The 93-share award to Shyam H. Gidumal was issued under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan. The grant reflects his election to receive Ordinary Shares instead of cash fees, following additional terms established by the company’s Board of Directors.

Does the FTAI Form 4 indicate that Shyam H. Gidumal’s holdings are direct or indirect?

The Form 4 shows that Shyam H. Gidumal’s 1,669 FTAI Aviation Ltd. Ordinary Shares are held as direct ownership. The transaction is reported as non-derivative, with ownership type coded as direct, and no indirect ownership entity or separate nature of ownership disclosed.