Director at Sky Harbour Group (SKYH) receives 7,910 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Moelis Jordan Scott reported acquisition or exercise transactions in this Form 4 filing.
Sky Harbour Group Corp director Jordan Scott Moelis received an equity grant of 7,910 restricted stock units (RSUs) of Class A Common Stock. The award was made at a stated price of $0.00 per share as a compensation grant, not an open‑market purchase.
After this grant, the reported direct position includes 14,233 RSUs that vest over time, conditional on continued service. Separately, an affiliated entity, Center Sky Harbour LLC, holds 11,637,690 Common Units of Sky Harbour LLC, which are redeemable one‑for‑one for Class A Common Stock, and 11,637,960 shares of Class B Common Stock, over which Moelis has voting and investment discretion but disclaims full beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Moelis Jordan Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,910 | $0.00 | -- |
| holding | Common Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 14,233 shares (Direct);
Common Units — 11,637,690 shares (Indirect, By Center Sky Harbour LLC);
Class B Common Stock — 11,637,960 shares (Indirect, By Center Sky Harbour LLC)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan. Each RSU represents the contingent right to receive, in accordance with the terms of the applicable RSU agreement, one share of Class A Common Stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU agreement, provided the reporting person remains in service through the applicable vesting date. Reported amount includes 14,233 RSUs. The securities reported herein are held by Center Sky Harbour LLC ("Center Sky"). The Reporting Person has voting and investment discretion with respect to the securities held by Center Sky and may be deemed to have beneficial ownership of the securities held directly by Center Sky. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest. Subject to the terms of the Third Amended and Restated Operating Agreement of Sky Harbour LLC ("Sky"), the Common Units of Sky may be tendered for redemption by the Reporting Person for shares of the Issuer's Class A Common Stock on a one-to-one basis. The Common Units do not expire.
Key Figures
RSUs granted: 7,910 RSUs
Total RSUs after grant: 14,233 RSUs
Common Units held indirectly: 11,637,690 units
+3 more
6 metrics
RSUs granted
7,910 RSUs
Compensation grant of Class A Common Stock RSUs on 2026-02-18
Total RSUs after grant
14,233 RSUs
Direct restricted stock unit holdings following the reported award
Common Units held indirectly
11,637,690 units
Common Units of Sky Harbour LLC held by Center Sky Harbour LLC
Underlying Class A shares
11,637,690 shares
Common Units redeemable one‑for‑one into Class A Common Stock
Class B Common Stock held indirectly
11,637,960 shares
Shares of Class B Common Stock held by Center Sky Harbour LLC
RSU exercise price
$0.00 per share
Stated price for the RSU grant of Class A Common Stock
Key Terms
restricted stock units ("RSUs"), beneficial ownership, pecuniary interest, Section 16, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Sky Harbour Group Corporation 2022 Incentive Award Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
beneficial ownership financial
"may be deemed to have beneficial ownership of the securities held directly by Center Sky."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest."
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Third Amended and Restated Operating Agreement legal
"Subject to the terms of the Third Amended and Restated Operating Agreement of Sky Harbour LLC ("Sky"), the Common Units"
FAQ
What did Sky Harbour (SKYH) director Jordan Scott Moelis receive in this Form 4 filing?
Jordan Scott Moelis received 7,910 restricted stock units (RSUs) of Class A Common Stock as a compensation grant. These RSUs were issued at a stated price of $0.00 per share and will vest over time according to the applicable RSU agreement and service conditions.
How many Sky Harbour (SKYH) RSUs does Jordan Scott Moelis hold after this transaction?
After the grant, the reported direct holdings include 14,233 restricted stock units (RSUs) tied to Class A Common Stock. Each RSU represents a contingent right to one share, vesting in installments so long as Moelis continues in service through the relevant vesting dates defined in the RSU agreement.
What indirect Sky Harbour (SKYH) interests are reported through Center Sky Harbour LLC?
Center Sky Harbour LLC holds 11,637,690 Common Units of Sky Harbour LLC and 11,637,960 shares of Class B Common Stock. Jordan Scott Moelis has voting and investment discretion over these securities, but he disclaims beneficial ownership beyond his pecuniary interest, as noted in the filing footnote.
Can Sky Harbour (SKYH) Common Units held by Center Sky Harbour LLC convert into Class A shares?
Yes. Subject to the Sky Harbour LLC operating agreement, the 11,637,690 Common Units may be tendered for redemption for Class A Common Stock on a one‑to‑one basis. The filing states that these Common Units do not expire, providing a continuing potential source of Class A shares.
What does Moelis’s disclaimer of beneficial ownership mean in the Sky Harbour (SKYH) filing?
The filing notes Moelis may be deemed a beneficial owner due to voting and investment discretion over Center Sky Harbour LLC’s holdings. However, he expressly disclaims beneficial ownership of all such securities except to the extent of his pecuniary interest, limiting how those holdings are attributed to him under Section 16.