Director at FTAI Aviation (FTAI) receives 88-share equity fee award

Rhea-AI Filing Summary

LEVISON A ANDREW reported acquisition or exercise transactions in this Form 4 filing.

FTAI Aviation Ltd. director Andrew Levison received an equity award of 88 Ordinary Shares as compensation. The shares were issued on March 16, 2026 at no cash cost to him, in lieu of cash fees, under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan. The applicable closing share price was $236.10, and following this grant he directly holds 11,151 Ordinary Shares.

Insights

Equity compensation and governance analyst

Routine director fee paid in stock; no open-market buying or selling.

Director Andrew Levison received 88 Ordinary Shares of FTAI Aviation Ltd. as a grant in lieu of cash fees. The shares were issued under the 2025 Omnibus Incentive Award Plan, a standard equity compensation framework for directors and executives.

The filing notes a reference price of $236.10 per share on March 16, 2026, but no cash changed hands in the transaction. After this award, Levison holds 11,151 Ordinary Shares directly. This is a routine, compensation-related acquisition rather than an open-market trade, so its informational value for investor sentiment is limited.

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
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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^*

LEVISON A ANDREW

(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		88	A	$0(1)	11,151	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 Andrew Levison report on this Form 4?

Andrew Levison reported receiving 88 Ordinary Shares of FTAI Aviation Ltd. as an equity award. The shares were issued as compensation in lieu of cash fees under the 2025 Omnibus Incentive Award Plan, rather than through an open-market purchase or sale.

Was the FTAI Form 4 transaction a stock purchase or sale on the open market?

The Form 4 does not show an open-market purchase or sale. Instead, it records a grant of 88 Ordinary Shares to director Andrew Levison as compensation in lieu of cash fees, issued at a price of $0.00 per share to him under FTAI’s 2025 incentive plan.

How many FTAI Aviation shares does Andrew Levison hold after this Form 4 award?

After the reported award, Andrew Levison directly holds 11,151 Ordinary Shares of FTAI Aviation Ltd. This total reflects the addition of 88 shares granted on March 16, 2026 as director compensation under the company’s 2025 Omnibus Incentive Award Plan.

What was the reference share price for the FTAI director stock award on March 16, 2026?

The footnote states that the applicable closing share price was $236.10 on March 16, 2026. This price was used in connection with issuing 88 Ordinary Shares to director Andrew Levison as compensation in lieu of cash fees under FTAI Aviation’s 2025 Omnibus Incentive Award Plan.

How were the 88 FTAI shares granted to director Andrew Levison structured?

The 88 Ordinary Shares were issued at Levison’s election in lieu of cash director fees. They were granted under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan and additional board-approved terms, providing equity-based compensation without any cash outlay by the director.

Does the FTAI Form 4 indicate any remaining derivative or option positions for Andrew Levison?

The insider data for this Form 4 shows no derivative transactions and an empty derivative summary. The reported activity is limited to a non-derivative acquisition of 88 Ordinary Shares as a stock-based fee, with Levison’s total direct holdings reported at 11,151 shares afterward.