HART MATTHEW J 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Sumisho Air Lease (AL) Director Matthew J. Hart Sells 40,587 Shares
What Happened
Matthew J. Hart, a director of Sumisho Air Lease Corporation (AL), disposed of 40,587 shares on 2026-04-08 at $65.00 per share, receiving $2,638,155. The disposition was a conversion/cash-out tied to the company's merger (each share converted to $65.00 in cash).
Key Details
- Transaction date and price: 2026-04-08, disposition at $65.00 per share.
- Total proceeds reported: $2,638,155.
- Transaction code: D (Disposition to the issuer) — not an open-market sale.
- Filing date: 2026-04-10; transaction reported within the usual 2-business-day window (timely).
- Shares owned after transaction: Not reported in the Form 4 excerpt provided.
- Notable footnotes:
- F1: The disposition resulted from the Merger Agreement — each outstanding Class A share was cancelled and converted into the right to receive $65.00 cash per share.
- F2: The 40,587 shares include 2,698 unvested RSUs that were cancelled and converted into a cash payment (subject to withholding).
Context
This was a merger-related cash-out (company acquisition/merger) rather than a voluntary market sale by the insider. Such dispositions reflect the deal terms (per‑share cash consideration) rather than a signal about the insider’s view of the company’s future performance.
Insider Transaction Report
Form 4Exit
HART MATTHEW J
Director
Transactions
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−40,587$2,638,155→ 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 2,698 unvested restricted stock units ("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.
Signature
/s/ Lauren Jaeger, Attorney-in-Fact|2026-04-10