American Airlines (AAL) Vice Chair Stephen L. Johnson Sells 90,000 Shares

What Happened

• Stephen L. Johnson, Vice Chair of American Airlines Group Inc. (AAL), sold a total of 90,000 shares in open-market transactions (code S) across three days: 30,000 shares on July 27, 30,000 on July 28, and 30,000 on July 29, 2026. Reported proceeds across the three days total approximately $1,345,308 (about $440,112; $454,818; $450,378 respectively). These were sales (not purchases), and one sale was disclosed as part of tax planning.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-07-27: 30,000 shares at $14.67 weighted average (range $14.565–$14.955). (Footnote F2)
  • 2026-07-28: 30,000 shares at $15.16 weighted average (range $14.75–$15.40). (Footnote F3)
  • 2026-07-29: 30,000 shares at $15.01 weighted average (range $14.71–$15.22). (Footnote F4)
• One sale (footnote F1) was effected in connection with tax planning; proceeds are being used to satisfy the reporting person’s tax obligations.
• Filing: Form 4 was filed July 29, 2026 (covering transactions July 27–29, 2026). The filing date aligns with the transactions and is not indicated as late in the provided filing.
• Shares owned after the transaction: not specified in the information provided in this summary.

Context

• These were open-market sales by an officer; sales are often routine (e.g., tax needs or diversification) and typically carry less signal than insider purchases. No option exercises, grants, gifts, or 10% owner activity were reported in this filing.