KERR DEREK J 4
4 · StandardAero, Inc. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
StandardAero (SARO) Director Derek Kerr Converts 6,011 RSUs to Shares
What Happened
Derek J. Kerr, a director of StandardAero, had 6,011 restricted stock units (RSUs) convert into 6,011 shares on June 12, 2026. The Form 4 records an acquisition/conversion of 6,011 shares (derivative code M) and a simultaneous disposition of 6,011 shares at $0.00 per share. No cash proceeds are reported for the disposition.
Key Details
- Transaction date: 2026-06-12; Form 4 filed 2026-06-15 (appears timely).
- Acquired: 6,011 shares via exercise/conversion (derivative code M).
- Disposed: 6,011 shares at $0.00 per share (no cash proceeds reported).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each RSU represents the right to one share; F2 — RSUs vest on the earlier of the day before the next annual meeting or one year after grant.
- Exhibit: 24.1 Power of Attorney attached.
Context
Derivative code M indicates conversion/exercise of a derivative (here, RSUs converting into common stock). The simultaneous acquisition and $0.00 disposition often reflects non-cash mechanics (e.g., vesting conversion and internal transfer or withholding), but the filing does not state the reason for the $0.00 disposition. This filing is informational and factual—no cash purchase or market sale proceeds are shown.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-12+6,011→ 7,354 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-12−6,011→ 0 total→ Common Stock (6,011 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]The RSUs vest upon the earlier of (i) the day immediately prior to the date of the Issuer's next annual meeting of stockholders or (ii) the first anniversary of the grant date.