Madison Air Solutions (MAIR) CEO granted 18,293 equity rights units

Rhea-AI Filing Summary

Philippi Dale reported acquisition or exercise transactions in this Form 4 filing.

Madison Air Solutions Corp reported that Philippi Dale, President & CEO of AprilAire, received a compensation-related grant of 18,293 equity appreciation rights units (EAR Units) tied to Class A common stock. Each EAR Unit represents the right to receive one share upon vesting, subject to continued service. After this award, Dale holds a total of 233,613 EAR Units, reflecting his ongoing equity-based incentive position rather than any open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Philippi Dale

Role President & CEO of AprilAire

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	18,293	$0.00	--

Holdings After Transaction: Class A common stock — 233,613 shares (Direct, null)

Footnotes (1)

1. Includes 18,293 equity appreciation rights units (EAR Units). Each EAR Unit represents the right to receive one share of Class A common stock upon vesting, subject to continued service through the applicable vesting date. Includes 233,613 EAR Units.

Key Figures

Equity rights granted: 18,293 EAR Units Post-grant equity rights holding: 233,613 EAR Units Grant price per unit: $0.00 per unit +1 more

4 metrics

Equity rights granted 18,293 EAR Units Grant to Philippi Dale on 2026-05-18

Post-grant equity rights holding 233,613 EAR Units Total EAR Units held by Philippi Dale after grant

Grant price per unit $0.00 per unit Non-cash compensation award

Security type Class A common stock (underlying) Each EAR Unit represents one share upon vesting

Key Terms

equity appreciation rights units, EAR Units, vesting, Class A common stock

4 terms

equity appreciation rights units financial

"Includes 18,293 equity appreciation rights units (EAR Units)."

A bundle of rights that gives the holder a claim to the increase in a company’s share price over a set period, payable in cash, shares, or a mix of both. Think of it like a ticket that pays out only if the stock goes up: it rewards recipients for generating share-price gains but can dilute existing shareholders if settled in stock or reduce company cash if paid in cash, so investors watch these grants for their impact on ownership and earnings.

EAR Units financial

"Includes 233,613 EAR Units."

vesting financial

"represents the right to receive one share of Class A common stock upon vesting, subject to continued service"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Class A common stock financial

"Each EAR Unit represents the right to receive one share of Class A common stock upon vesting"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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^*

Philippi Dale

(Last) (First) (Middle)

C/O MADISON AIR SOLUTIONS CORPORATION

444 WEST LAKE STREET, SUITE 4460

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Madison Air Solutions Corp [ MAIR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO of AprilAire

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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
Class A common stock	05/18/2026		A		18,293(1)	A	$0	233,613(2)	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. Includes 18,293 equity appreciation rights units (EAR Units). Each EAR Unit represents the right to receive one share of Class A common stock upon vesting, subject to continued service through the applicable vesting date.

2. Includes 233,613 EAR Units.

Remarks:

	/s/ John Lavorato, by Power of Attorney	05/19/2026
	** 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 Madison Air Solutions (MAIR) report for Philippi Dale?

Madison Air Solutions reported that Philippi Dale received 18,293 equity appreciation rights units. These EAR Units are a compensation grant that provide the right to receive Class A common shares upon vesting, rather than an open-market stock purchase.

How many equity appreciation rights units did the MAIR executive receive?

Philippi Dale received 18,293 equity appreciation rights units. Each EAR Unit entitles him to one share of Madison Air Solutions Class A common stock if vesting conditions tied to continued service are met over time.

What are EAR Units in the Madison Air Solutions (MAIR) Form 4?

EAR Units, or equity appreciation rights units, give the holder the right to receive one share of Class A common stock upon vesting. For MAIR, these units function as stock-based compensation, aligning executive incentives with long-term shareholder value.

How many Madison Air Solutions equity units does Philippi Dale now hold?

Following the latest grant, Philippi Dale holds 233,613 EAR Units. This total represents his accumulated equity-based awards that may convert into Class A common shares as vesting and service conditions are satisfied over time.

Was the MAIR insider transaction a stock purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. Philippi Dale received 18,293 EAR Units at no cash price, classified as a grant or award acquisition rather than buying existing Madison Air Solutions shares in the open market.