WALFISH MARC JAY 4

What Happened
Marc Jay Walfish, a director of AAR CORP (AIR), received an award of 322 phantom shares on 2026-05-29. The award is reported at $112.62 per share for a total grant value of $36,264. This was an award/acquisition of derivative securities (phantom stock), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Transaction type: Award/Acquisition (derivative).
• Price reported: $112.62 per share; Total value: $36,264.
• Filing date / accession: 2026-06-01 (Form 4 filed timely).
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnote: Each phantom share equals the economic value of one common share and becomes payable in cash or common stock at the director’s election upon termination of service or on other dates specified by the Non-Employee Directors' Deferred Compensation Plan.

Context: Phantom stock awards are a form of deferred compensation for non-employee directors and represent an economic interest tied to the company's common shares; they are routine compensation rather than direct market purchases and do not, by themselves, indicate the director is buying or selling stock on the open market.