Garascia Jessica A. 4
Research Summary
AI-generated summary
AAR (AIR) Senior VP Jessica Garascia Receives Stock Award
What Happened
Jessica A. Garascia, Senior Vice President, General Counsel, Chief Administrative Officer & Secretary of AAR Corp (AIR), received two equity awards on 2026-07-23 totaling 8,651 shares: 3,460 shares awarded under a Restricted Stock Agreement and 5,191 shares awarded under a Performance Restricted Stock Agreement. Both awards were recorded at $0 per share (typical for grants) and reported on a Form 4 filed 2026-07-24. These are awards (code A) rather than purchases or sales.
Key Details
- Transaction date: 2026-07-23; Form 4 filed: 2026-07-24 (timely filing).
- Award amounts: 3,460 shares (Restricted Stock) + 5,191 shares (Performance Restricted Stock) = 8,651 shares. Price reported: $0.
- Footnotes: F1 = Restricted Stock Agreement; F2 = Performance Restricted Stock Agreement; both transactions exempt under Rule 16b-3.
- Shares owned after the transaction: not specified in the provided filing details.
- Transaction type: A (award/grant). No sale or purchase occurred.
Context
Awards under Rule 16b-3 are common for executive compensation and are exempt from short-swing trading recovery rules for certain company compensatory plans. A $0 grant value on the Form 4 reflects an equity award, not an open-market purchase; such grants do not by themselves indicate immediate buying or selling sentiment.
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