Boyce Michael Ross 4

What Happened

• Boyce Michael Ross, a director of AAR CORP (ticker: AIR), was granted 1,364 restricted shares on June 1, 2026. The Form 4 reports the acquisition type as an award (code A) with an acquisition price of $0.00 (no cash paid at grant).

Key Details

• Transaction date: 2026-06-01; Form filed: 2026-06-02 (timely filing).
• Shares granted: 1,364 restricted shares; reported acquisition price: $0.00.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Award made under a Restricted Stock Agreement and reported as exempt under Rule 16b-3 (standard for compensatory awards to insiders).
• No indication of tax withholding, immediate sale, or a 10b5-1 plan in this filing.

Context

• This was a compensation award, not an open-market purchase or sale. Restricted stock grants are common director compensation and typically vest over time or upon meeting conditions; they don’t necessarily signal the director’s near-term market view. The grant was reported under the normal Rule 16b-3 exemption for compensatory transactions.