Melluzzo Luciano M 4

What Happened
Luciano M. Melluzzo, President of Air Industries Group (AIRI), received an award of 12,159 restricted stock units (RSUs) on February 12, 2026. The reported transaction is an award/grant (derivative) at $0.00 per unit, so there was no immediate cash paid or realized value reported on the Form 4.

Key Details

• Transaction date: 2026-02-12; filing date: 2026-02-17 (filed 5 days after the transaction date). This appears later than the typical two-business-day Form 4 deadline.
• Transaction type/code: A = Award/Grant (derivative RSUs).
• Amount: 12,159 RSUs granted; reported price $0.00; reported acquisition value $0.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Notable footnotes from the filing:
  • F1/F2: Each RSU represents the right to receive one share at settlement. These RSUs vested upon grant but settlement is delayed — settled on the later of (A) the first anniversary of the award date or (B) occurrence of a Change in Control; if no Change in Control by 18 months, settled at the 18-month anniversary.
  • F3: A related award was originally granted Aug 26, 2024 with scheduled vesting tranches (info on prior award vesting provided in the filing).
• Transaction implications: This was a grant of restricted stock units (not an open-market purchase or sale). Grants indicate compensation/long-term incentive rather than immediate insider buying or selling.

Context
RSUs are a form of deferred compensation: although these RSUs vested upon grant per the footnote, they are subject to settlement timing rules and may not convert to actual shares (or be sellable) until settlement occurs. Awards are common for executives and do not necessarily signal immediate trading intent; purchases are generally considered a more direct bullish signal than compensation grants.