UDVAR-HAZY STEVEN F 4

What Happened

• Steven F. Udvar-Hazy, a director of Air Lease Corp (AL), disposed of 37,696 shares on 2026-02-25 at $64.85 per share, totaling $2,444,586. The Form 4 reports the disposition as a payment of exercise price or tax liability (Code F), meaning shares were surrendered/withheld to cover taxes or option-exercise costs rather than sold on the open market.

Key Details

• Transaction date & price: 2026-02-25; 37,696 shares at $64.85; proceeds/value = $2,444,586.
• Transaction type/code: Disposition for payment of exercise price or tax liability (Code F — share withholding/net settlement).
• Filing date / timeliness: Filed 2026-02-27 (Report period 2026-02-25); filing appears timely.
• Shares owned after transaction: Not specified in the Form 4.
• Notable footnotes: Multiple footnotes state many reported shares are held by family members, trusts, or entities (wife, children, grandchildren, Emerald Financial LLC, Air Intercontinental, Ocean Equities, various family trusts). The reporting person disclaims beneficial ownership of those shares except for any pecuniary interest.

Context

• Code F dispositions are routine tax-withholding or net-share settlement actions tied to option exercises or vested awards and do not necessarily reflect a judgment about the company’s prospects. Unlike open-market sales (Code S), these are administrative disposals to satisfy tax or exercise obligations.