FTAI Aviation (NASDAQ: FTAI) president receives 6,540-share equity grant

Rhea-AI Filing Summary

FTAI Aviation Ltd. President David Moreno reported an acquisition of 6,540 Ordinary Shares through a grant of restricted stock units. These units vest in three equal annual installments beginning on February 27, 2027, subject to his continued employment on each vesting date. Following this award, he directly holds 240,446 Ordinary Shares and has indirect ownership of 4,354 additional Ordinary Shares and 8,000 Series D Preferred Shares through a BVI corporation.

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

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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^*

Moreno David

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

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		6,540(1)	A	$0	240,446	D
Ordinary Shares								4,354	I	By BVI Corp
Series D Preferred Shares								8,000	I	By BVI Corp

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).
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FAQ

What insider transaction did FTAI President David Moreno report on this Form 4?

FTAI President David Moreno reported receiving a grant of 6,540 restricted stock units representing Ordinary Shares. The filing also updates his direct and indirect holdings in FTAI Ordinary Shares and Series D Preferred Shares after this equity award.

How many FTAI Ordinary Shares did David Moreno acquire in this transaction?

David Moreno acquired 6,540 Ordinary Shares of FTAI through a grant categorized as a restricted stock unit award. The grant has a vesting schedule and is not an open-market purchase for cash, as the price per share is reported as zero.

What is David Moreno’s total direct ownership in FTAI Ordinary Shares after the grant?

After the grant, David Moreno directly owns 240,446 FTAI Ordinary Shares. This figure reflects his holdings following the award of 6,540 restricted stock units and provides an updated view of his direct equity stake as President.

How do the granted restricted stock units for FTAI vest over time?

The 6,540 restricted stock units vest in three equal annual installments starting February 27, 2027. Each installment requires David Moreno’s continued employment with the company on the applicable vesting date for those units to become fully owned.

What indirect FTAI holdings are associated with David Moreno on this Form 4?

The filing shows indirect ownership of 4,354 Ordinary Shares and 8,000 Series D Preferred Shares of FTAI, held through a BVI corporation. These interests are reported as indirect, separate from his directly held Ordinary Shares.

Does this Form 4 show any FTAI share sales by David Moreno?

The Form 4 does not report any sales by David Moreno. It records an acquisition via a restricted stock unit grant and lists indirect holdings, with no transactions categorized as sales or dispositions in the transaction summary.