Levy Grant A 4
Research Summary
AI-generated summary
Air Lease (AL) EVP Grant A Receives 348 Shares; 144 Withheld
What Happened
Grant A, Executive Vice President of Air Lease Corporation (AL), had 348 shares issued on Feb 12, 2026 upon the vesting of performance-based restricted stock units. Of those, 144 shares were disposed/withheld to cover the tax liability at a reported value of $64.66 per share (total withheld value $9,311). The award shares were issued at $0.00 acquisition price as RSU vesting proceeds.
Key Details
- Transaction dates: issuance and withholding occurred on 2026-02-12; Form 4 filed 2026-02-17 (timely per the Form 4 two-business-day rule).
- Award: 348 shares issued (Code A) at $0.00 acquisition cost.
- Tax withholding: 144 shares disposed/withheld (Code F) at $64.66 per share, totaling $9,311.
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: F1 — shares issued upon vesting of performance-based RSUs granted in 2023 under the Air Lease Corporation 2014 Equity Incentive Plan. F2 — some reported shares are owned by one of the reporting person's sons; the reporting person disclaims beneficial ownership except for any pecuniary interest.
Context
This was a vesting event for performance RSUs with shares withheld to meet tax obligations (a common, non-market-sale administrative action). It is not an open-market purchase or sale that signals a trading decision; the withholding simply satisfies tax liability on the vested award.