Garascia Jessica A. 4

What Happened

• Jessica A. Garascia, Senior Vice President, General Counsel, Chief Administrative Officer & Secretary of AAR CORP (AIR), exercised stock options and sold the shares the same day. She exercised 6,284 shares in three blocks (2,368; 1,778; 2,138) for a total exercise cost of $346,065, then sold those 6,284 shares in the open market for aggregate gross proceeds of $705,069. The transactions produced roughly $359,004 in proceeds before taxes, fees and any withholdings.

Key Details

• Transaction date: March 26, 2026.
• Exercises:
  • 2,368 shares at $41.88 (cost $99,172)
  • 1,778 shares at $58.27 (cost $103,604)
  • 2,138 shares at $67.02 (cost $143,289)
• Sales: 6,284 shares sold at a weighted average price of $112.20 (range $111.82–$113.24 per footnote) for total proceeds of $705,069. Footnote F1 says the sale price is a weighted average and the shares were sold at prices in that range.
• Derivative dispositions: The filing also shows corresponding derivative dispositions at $0.00 for each exercised block (these reflect conversion/cancellation of the option instruments on exercise).
• Shares owned after the transactions: not stated in the filing.
• Vesting notes: Footnotes F2 and F3 describe the original option awards’ vesting schedules (1/3 annual installments beginning July 31, 2024 and July 31, 2025, respectively).
• Filing timeliness: filing date is March 30, 2026 (reporting period March 26, 2026). The filing does not indicate any 10b5-1 plan or other automatic sale plan.

Context

• This is a common "exercise-and-sell" (cashless exercise) pattern: options were exercised and the resulting shares were sold the same day, so the transactions do not necessarily signal a buy-side vote of confidence.
• The Form 4 shows gross dollar amounts; any taxes, broker fees, or share withholdings that reduce net proceeds are not detailed here.
• No indication in the filing that Jessica Garascia is a 10% owner; these are executive option exercises and sales.