FTAI director awarded 171 shares as board fees

Director Paul R. Goodwin received additional FTAI Aviation shares as equity compensation in lieu of cash fees, increasing his indirect trust holdings.

Rhea-AI Filing Summary

FTAI Aviation Ltd. (FTAI) reported that director Paul R. Goodwin acquired 171 ordinary shares on September 15, 2026 as a grant/award. The shares were issued to a trust indirectly owned by him in lieu of cash board fees under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan. Following this award, he indirectly holds 83,083 ordinary shares. No Rule 10b5-1 trading plan is reported. The compensation value was based on the $176.00 closing share price on September 14, 2026.

Insider Trade Summary

Grant/Award: 171 shares

Grant/Award 1 txn

Insider GOODWIN PAUL R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F1	171	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 83,083 shares (Indirect, By Trust)

Footnotes (1)

1. F1. 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 $176.00 on September 14, 2026.

Key Figures

Shares acquired: 171 ordinary shares Post-transaction holdings: 83,083 ordinary shares Transaction price per share: $0.00 per share +1 more

4 metrics

Shares acquired 171 ordinary shares Grant/award on September 15, 2026 in lieu of cash board fees

Post-transaction holdings 83,083 ordinary shares Indirect ownership by trust after the September 15, 2026 award

Transaction price per share $0.00 per share Reported transaction price field for the equity grant

Applicable closing share price $176.00 per share Closing price on September 14, 2026 used to value the compensation shares

Key Terms

Ordinary Shares, in lieu of cash fees, 2025 Omnibus Incentive Award Plan, closing share price

4 terms

Ordinary Shares financial

"security title is reported as "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.

in lieu of cash fees financial

"shares issued at the election of the reporting person in lieu of cash fees"

2025 Omnibus Incentive Award Plan financial

"in accordance with the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan"

closing share price financial

"The applicable closing share price was $176.00 on September 14, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FTAI director Paul R. Goodwin report on this Form 4 for FTAI?

He reported an acquisition of 171 ordinary shares of FTAI Aviation Ltd. on September 15, 2026 as a grant/award, issued in lieu of cash fees for board services and delivered to a trust through which he holds the shares indirectly.

How many FTAI shares does Paul R. Goodwin hold after this transaction?

After the September 15, 2026 award, Paul R. Goodwin is reported as indirectly holding 83,083 ordinary shares of FTAI Aviation Ltd., with the nature of ownership indicated as "By Trust" in the filing.

What was the value basis for the FTAI shares issued to Paul R. Goodwin?

The compensation value for the 171 FTAI Aviation ordinary shares was based on the $176.00 applicable closing share price on September 14, 2026, as stated in the footnote describing how the equity in lieu of cash fees was calculated.

Was Paul R. Goodwin’s FTAI share award made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnote describes the award as equity compensation in lieu of cash fees, with no Rule 10b5-1 trading plan reported for this transaction.

How were the FTAI shares delivered to Paul R. Goodwin according to the Form 4?

The 171 FTAI Aviation ordinary shares were issued in lieu of cash fees as compensation for board services and are held indirectly “By Trust”, meaning they are recorded as owned through a trust associated with Paul R. Goodwin.

What plan governed Paul R. Goodwin’s share award from FTAI Aviation (FTAI)?

The award was made under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan, with additional terms established by resolution of the Board of Directors, as described in the transaction footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 04:16 PM EDT Accepted by SEC EDGAR 09/17/2026 - 04:15 PM EDT Learn about SEC filing dates

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)
09/15/2026

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	09/15/2026		A		171(1)	A	$0	83,083	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 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 $176.00 on September 14, 2026.

Remarks:

	/s/ BoHee Yoon, as Attorney-in-fact	09/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)