LARSEN MARSHALL O 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Sumisho Air Lease (AL) Director Marshall O. Larsen Sells $2.58M
What Happened
Marshall O. Larsen, a director of Sumisho Air Lease Corporation (AL), reported a disposition to the issuer on 2026-04-08: 39,727.97 shares were converted/cancelled at $65.00 per share for total consideration of $2,582,318. The disposition resulted from the merger described in the filing, which converted each outstanding share into the right to receive $65.00 in cash.
Key Details
- Transaction date: 2026-04-08; filing date: 2026-04-10 (appears timely).
- Price: $65.00 per share; Total proceeds: $2,582,318.
- Shares disposed: 39,727.97 (comprised of 37,029.97 vested-but-deferred RSUs including accrued dividend equivalents, plus 2,698 unvested RSUs).
- Nature: Disposition to issuer under the Merger Agreement (shares/RSUs cancelled and converted into cash).
- Tax/withholding: Cash paid without interest and subject to applicable withholding taxes per the footnotes.
- Shares owned after transaction: Not reported in the provided data.
Context
This was not an open-market sale but a contractual cash-out of RSUs as part of a merger: Merger Sub merged into the issuer and each outstanding share/RSU was cancelled for $65.00 in cash. That conversion—especially of unvested RSUs due to separation at the Effective Time—is a mechanical outcome of the transaction and should not be interpreted on its own as a directional signal about the insider’s personal view of the company.
Insider Transaction Report
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−39,727.97$2,582,318→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").
- [F2]The shares of Common Stock reported as disposed by the reporting person include (i) 37,029.97 vested but deferred restricted stock units ("RSUs"), including dividend equivalent rights accrued on such RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of vested but deferred RSUs, and (ii) 2,698 unvested RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs upon the reporting person's separation from service at the Effective Time.