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.