SUMISHO AIR LEASE CORP 8-K

What Happened

• Sumisho Air Lease Corporation filed an 8-K reporting that its Board approved and adopted the 2026 Sumisho Air Lease Corporation Annual Cash Bonus Plan (the "Plan"), effective April 15, 2026, replacing the Company’s 2025 plan. The filing was signed by CEO Noriyuki Hiruta on April 17, 2026.
• The Plan provides for annual cash awards ("Incentive Awards") to officers designated by the Board, tied to individual and corporate performance goals set and measured by the Board.

Key Details

• The Plan is generally open to all officers of the company and its subsidiaries if designated by the Board; final participants are chosen at the Board’s sole discretion.
• A Participant’s Incentive Award is calculated as a specified percentage of the participant’s annual base salary (percentage to be set by the Board); the 2026 performance period is April 1, 2026 through December 31, 2026.
• Awards are discretionary: the Board may increase, reduce or decline awards, may adjust goals, and may suspend, modify or terminate the Plan at any time (including retroactively) subject to plan terms.
• Payment is conditioned on employment on the payment date, except as provided for in the Plan (pro-rated awards may apply for death, disability, retirement, termination without cause, and certain terminations following a Change in Control within 24 months). The Plan is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• This is a cash-based executive compensation program that ties management pay to Board-set performance goals rather than fixed amounts disclosed in the filing. That means actual payouts will depend on Board determinations of goal attainment and discretionary adjustments.
• Because the filing does not specify target percentages, caps, or exact performance metrics, investors should note the Plan may affect future cash compensation expense but the magnitude and timing of payments are not disclosed here.