Willis Gregory B 4

What Happened

• Gregory B. Willis, EVP and Chief Financial Officer of Air Lease Corporation (AL), had 309 performance-based restricted stock units vest on Feb 12, 2026 (reported). The shares were issued at $0.00 as compensation (code A). To satisfy tax withholding, 128 of those shares were surrendered/withheld at $64.66 per share, totaling $8,276 (code F). Net shares received by Willis from the vesting = 181 shares (309 issued minus 128 withheld).
• This was a compensation vesting event (not a market purchase or sale) and is generally considered routine.

Key Details

• Transaction date: 2026-02-12; filing date: 2026-02-17 (appears to be reported after the 2-business-day Form 4 window — filing timeliness: L).
• Awarded: 309 shares @ $0.00 (vesting of 2023 performance-based RSUs under the Air Lease Corporation 2014 Equity Incentive Plan).
• Withheld for taxes: 128 shares @ $64.66 = $8,276 (payment of tax liability; code F).
• Net shares retained from the vesting: 181 shares.
• Filing does not disclose total shares beneficially owned by the reporting person after the transaction.
• Footnote: Shares issued upon vesting of 2023 performance-based RSUs (Air Lease Corporation 2014 Equity Incentive Plan).

Context

• This was a vesting/award event, not an open-market buy or sell. The share withholding to cover taxes is common in RSU vesting and does not necessarily indicate a change in the insider’s view of the company.
• For retail investors, vested RSUs are routine executive compensation; purchases or open-market sales typically carry clearer signals about insider sentiment.