Glassman Scott 4
4 · AIR INDUSTRIES GROUP · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Air Industries (AIRI) CEO Scott Glassman Receives RSU Settlement
What Happened
- Scott Glassman, Acting CEO and President of Air Industries Group (AIRI), had 20,427 restricted stock units (RSUs converted/settled) reported on April 27, 2026 (Form 4 code M). To satisfy tax withholding, 8,447 of those shares were withheld (code F) at $3.18/share, valued at $26,861. No shares were sold on the open market.
Key Details
- Transaction date: April 27, 2026 (filed April 28, 2026).
- Shares acquired (conversion/settlement): 20,427 RSU-derived shares (price N/A for RSU settlement).
- Shares withheld for taxes (disposed per filing code F): 8,447 shares @ $3.18 = $26,861. Footnote states shares were withheld to satisfy tax withholding; no shares were sold.
- Award & vesting notes: Award granted Aug 26, 2024. Per footnote, 20,427 RSUs vested on April 1, 2025 and 20,427 vested on April 1, 2026; an additional 20,427 are scheduled to vest April 1, 2027 (each RSU equals one share at settlement).
- Shares owned after transaction: Not disclosed in this filing.
- Filing timeliness: Appears timely (transaction on 4/27/2026, filed 4/28/2026).
Context
- This filing reflects RSU settlement and routine tax withholding—not an open-market sale or purchase. Withholding reduces the net shares received by the insider and is a common administrative step when equity awards vest; it does not by itself indicate insider sentiment.
Insider Transaction Report
Form 4
Glassman Scott
Acting CEO and President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-27+20,427→ 32,409 total - Tax Payment
Common Stock
[F2]2026-04-27$3.18/sh−8,447$26,861→ 23,962 total
Holdings
- 12,159
Restricted Stock Units
[F3]→ Common Stock (12,159 underlying) - 20,427
Restricted Stock Units
[F1]→ Common Stock (20,427 underlying) - 5,000
Stock Options
[F4]Exercise: $3.50Exp: 2028-05-31→ Common Stock (5,000 underlying) - 4,100
Stock Options
[F4]Exercise: $3.43Exp: 2028-06-30→ Common Stock (4,100 underlying) - 3,000
Stock Options
[F4]Exercise: $8.40Exp: 2027-03-31→ Common Stock (3,000 underlying) - 2,000
Stock Options
[F4]Exercise: $12.20Exp: 2026-07-31→ Common Stock (2,000 underlying)
Footnotes (4)
- [F1]This award was granted on August 26, 2024. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. 20,427 restricted stock units subject to the award vested on each of April 1, 2025 and April 1, 2026, and 20,427 restricted stock units are scheduled to vest on April 1, 2027, assuming continued employment through the applicable vesting date.
- [F2]Shares withheld by Air Industries Group to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold.
- [F3]Each restricted stock unit 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 this 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 date that is the eighteen (18) month anniversary of the Award Date, the vested RSUs shall be settled on the date that is the eighteen (18) month anniversary of the Award Date.
- [F4]Fully vested.
Signature
/s/ Scott Glassman|2026-04-28