Saines Ian M 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Sumisho Air Lease (AL) Director Ian M Saines Sells 54,927 Shares
What Happened
Ian M. Saines, a director of Sumisho Air Lease Corporation (AL), reported a disposition to the issuer of 54,926.97 shares at $65.00 per share on April 8, 2026, for total proceeds of $3,570,253. The filing shows the shares were converted into cash under a merger agreement that paid $65.00 per share.
Key Details
- Transaction date: 2026-04-08; Filing date: 2026-04-10 (timely Form 4).
- Price: $65.00 per share; Total value: $3,570,253.
- Transaction code: D (Disposition to issuer — cash-out on merger).
- Footnotes: (F1) Merger Agreement caused all issued & outstanding common stock to be cancelled and converted into $65.00 cash per share. (F2) The reported disposed shares include 37,029.97 vested-but-deferred RSUs (including dividend equivalents) and 2,698 unvested RSUs, which were cancelled and converted into cash; amounts paid are without interest and subject to applicable withholding taxes.
- Shares owned after the transaction: not specified in the provided filing.
Context
This was not an open-market sale but a cash-out tied to the closing of a merger; each share (and certain RSUs) was converted into the stated cash payment. Such transactions reflect deal terms rather than a director’s market-timing decision.
Insider Transaction Report
Form 4Exit
Saines Ian M
Director
Transactions
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−54,926.97$3,570,253→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").
- [F2]The shares of Common Stock reported as disposed by the reporting person include (i) 37,029.97 vested but deferred restricted stock units ("RSUs"), including dividend equivalent rights accrued on such RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of vested but deferred RSUs, and (ii) 2,698 unvested RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs upon the reporting person's separation from service at the Effective Time.
Signature
/s/ Lauren Jaeger, Attorney-in-Fact|2026-04-10