AIRI Director Peter Rettaliata Receives RSU Award

What Happened
Peter Rettaliata, a director of Air Industries Group (AIRI), was granted 12,159 restricted stock units (RSUs) on February 12, 2026. The Form 4 reports the award as a derivative acquisition (code A) at a reported price of $0.00 and a reported acquisition value of $0.00. The RSUs vested upon grant but will be settled into shares according to the award’s settlement schedule and change-in-control provisions.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-17 (filed 5 days after the transaction date).
• Award: 12,159 RSUs; reported price $0.00; reported value $0.00 (derivative award).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnote highlights:
  • F1: Each RSU converts to one share at settlement. RSUs vested on grant and will be settled on the later of the first anniversary of the award date or upon a qualifying Change in Control; if no Change in Control by 18 months after the award date, vested RSUs will be settled at that 18-month anniversary.
  • F2: Vesting schedule noted in the filing: 5,000 shares on Dec 31, 2025; 2,500 on Feb 28, 2026; and 2,500 on May 31, 2026.
  • F3: “Exercisable in full” is listed in the filing (as provided).
• Timeliness: The Form 4 was filed 5 days after the transaction date, which is beyond the typical two-business-day filing window for many insider Form 4 reports.

Context
This was an equity award (RSUs), not a cash purchase or sale. RSU grants represent a right to receive shares in the future and do not involve an immediate cash outlay or sale of shares; the economic transfer occurs when the RSUs are settled into shares per the award terms. The vesting and settlement schedule (including the change-in-control and 18-month fallback) determine when Rettaliata will actually receive shares.