Glassman Scott 4

What Happened

• Scott Glassman, Chief Financial Officer of Air Industries Group (AIRI), was granted 12,159 restricted stock units (RSUs) on February 12, 2026. The award is reported as a derivative acquisition (code A) at $0.00 per unit (standard for RSU compensation).
• The filing classifies the award as fully vested upon grant (see footnotes) but settlement of the RSUs is governed by the award’s timing provisions rather than an immediate share issuance.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed within the SEC’s 2-business-day window given the Feb 16 holiday).
• Amount: 12,159 RSUs granted; reported acquisition price: $0.00 (no cash paid).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • F1/F2: Each RSU represents the right to receive one share at settlement; these RSUs vested upon grant but will be settled on the later of the first anniversary of the award or upon a qualifying change in control, with an 18‑month maximum settlement fallback.
  • F4: Indicates the award is fully vested.
  • F3 describes a separate 2024 award and its vesting schedule; it appears unrelated to this specific 12,159‑RSU grant.
• No 10b5-1 plan, tax‑withholding sale, or immediate sale of underlying shares is reported.

Context

• RSUs are compensation awards, not open‑market purchases or sales, so they typically reflect company compensation policy rather than a direct buy/sell signal from the insider.
• Although these RSUs vested, settlement is deferred per the agreement’s timing rules; receipt of actual shares (and any subsequent sales) will be reported separately when they occur.