PORCELAIN MICHAEL 4
4 · AIR INDUSTRIES GROUP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Air Industries (AIRI) Director Michael Porcelain Receives RSU Award
What Happened
Michael Porcelain, a director of Air Industries Group (AIRI), received a grant of 60,791 restricted stock units (RSUs) on 2026-02-12. The award was reported as a derivative acquisition at $0.00 per unit (no cash paid). RSUs give the holder the right to receive common stock at settlement rather than immediate shares.
Key Details
- Transaction date: 2026-02-12; reported on Form 4 filed 2026-02-17 (filed one business day late relative to the usual two-business-day Form 4 deadline).
- Grant: 60,791 RSUs; reported price per unit $0.00 (award).
- Shares owned after transaction: not specified in this Form 4.
- Footnotes from the filing:
- F1: Each RSU equals one share at settlement. RSUs "vested upon grant" but settlement is delayed until the later of (A) the first anniversary of the award date or (B) a qualifying Change in Control; if no Change in Control by 18 months after the award date, vested RSUs will be settled on that 18‑month anniversary.
- F2: Notes a partial vesting schedule (5,000 on 12/31/2025; 2,500 on 2/28/2026; 2,500 on 5/31/2026) as disclosed in the filing.
- F3: "Exercisable in full" is referenced in the filing (reported as a related notation).
- Transaction type: Award/Grant of derivative securities (RSUs), not an open‑market purchase or sale.
Context
- RSU grants are typically compensation/incentive awards and do not equal immediate share ownership until settlement; they are different from a purchase (which can be a bullish signal) or a sale.
- Because the filing was submitted after the standard two-business-day window, it was late by one business day; late filings are usually administrative but can be reviewed by the SEC.
Insider Transaction Report
Form 4
PORCELAIN MICHAEL
Director
Transactions
- Award
Restricted Stock Units
[F1]2026-02-12+60,791→ 60,791 total→ Common Stock (60,791 underlying)
Holdings
- 71,267
Common Stock
- 10,000
Stock Options
[F2]Exercise: $3.00Exp: 2030-11-30→ Common Stock (10,000 underlying) - 10,000
Stock Options
[F3]Exercise: $3.75Exp: 2029-08-31→ Common Stock (10,000 underlying) - 1,000
Stock Options
[F3]Exercise: $3.50Exp: 2028-05-31→ Common Stock (1,000 underlying) - 2,160
Stock Options
[F3]Exercise: $3.43Exp: 2028-06-30→ Common Stock (2,160 underlying) - 1,000
Stock Options
[F3]Exercise: $8.40Exp: 2027-04-30→ Common Stock (1,000 underlying) - 100
Stock Options
[F3]Exercise: $12.50Exp: 2026-07-31→ Common Stock (100 underlying) - 1,000
Stock Options
[F3]Exercise: $13.20Exp: 2027-12-31→ Common Stock (1,000 underlying) - 1,000
Stock Options
[F3]Exercise: $23.80Exp: 2026-12-31→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Each RSU represents the right to receive, at settlement, one share of common stock. The RSUs vested upon grant and shall be settled on the later of: (A) the first anniversary of the Award Date and (B) the occurrence of a Change in Control, which for purposes of the Award Agreement, must constitute an event described in Treasury Regulation Section 1.409A-3(a)(5); provided, however, that if the event in (B) has not occurred by the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the eighteen (18) month anniversary of the Award Date.
- [F2]Vests as to 5,000 shares on December 31, 2025, 2,500 shares on February 28, 2026 and 2,500 shares on May 31, 2026.
- [F3]Exercisable in full.
Signature
/s/ Michael D. Porcelain|2026-02-16