Saines Ian M 4

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.