Johnson Stephen L 4

What Happened Stephen L. Johnson, Vice Chair of American Airlines Group Inc. (AAL), was granted 442,708 restricted stock units (RSUs) on 2026-02-17 (reported on Form 4). The next day, 24,449 shares were withheld by the issuer to cover applicable withholding taxes, a disposition coded as F, at an imputed price of $14.10 per share for a tax-withholding value of $344,731.

Key Details

• Transaction types: A (award/grant) of 442,708 RSUs on 2026-02-17; F (shares withheld for taxes) of 24,449 shares on 2026-02-18.
• Withheld shares value: 24,449 × $14.10 = $344,731 (reported as disposal for tax withholding).
• Shares owned after transaction: Not specified in the filing summary provided.
• Vesting & performance: Award vests over three years — 16.67% each year for service, plus up to 50% based on performance at the 3-year mark. Performance-based payout can range 0–200%; the reported grant assumes the performance portion vests at 100% (see footnote F1).
• Tax withholding: Shares were withheld by the issuer to satisfy tax obligations (footnote F2) — a routine, non-market sale to cover taxes.
• Filing timeliness: Report was filed on 2026-02-19 for transactions on 2026-02-17 and 02-18 (timely under Form 4 rules).
• Additional note: The filing indicates adjustments reflecting forfeiture of previously reported performance-based RSUs (footnote F3).

Context This was a compensation award (RSUs), not an open-market purchase or voluntary sale. RSUs are typically a retention/compensation tool and vest over time (and here partially on performance), so they do not necessarily signal immediate insider buying or selling intent. The single “disposal” here is a routine withholding of shares to cover tax obligations at vesting.