Levy Grant A 4
Research Summary
AI-generated summary
Air Lease (AL) EVP Grant A. Levy Sells 2,081 Shares for Taxes
What happened
- Grant A. Levy, Executive Vice President of Air Lease Corporation (AL), had 2,081 shares disposed on February 25, 2026 to satisfy a tax liability (transaction code F). The shares were disposed at $64.85 each for a total of $134,953. This type of disposition is typically a withholding of shares to cover taxes and is generally considered routine rather than a directional bet on the stock.
Key details
- Transaction date and price: 2026-02-25 — 2,081 shares at $64.85 each (total $134,953); transaction code F (payment of exercise price or tax liability).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote: The filing states these shares are owned by one of the reporting person’s sons and that Levy disclaims beneficial ownership except for any pecuniary interest (F1).
- Filing timeliness: Report filed 2026-02-27, two days after the reported transaction date (appears timely under Section 16 requirements).
Context
- Code F indicates the shares were surrendered to cover taxes tied to an equity award or option exercise; this is a common administrative step and does not necessarily reflect the insider’s view of the company’s prospects.