Forsyte Carol Hyland 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Sumisho Air Lease (AL) EVP Carol Forsyte Sells 100,752 Shares
What Happened
Carol Forsyte (EVP, General Counsel, Corporate Secretary & CCO) had 100,752 shares of Sumisho Air Lease converted into cash as part of a merger consideration. Each share was converted at $65.00, resulting in total proceeds of $6,548,880. This disposition was a company buyout/cash-out in connection with a merger (Disposition to the Issuer), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-04-08; Per-share price: $65.00; Total value: $6,548,880.
- Transaction code: D (Disposition to the issuer — merger cash-out).
- Filing date: 2026-04-10 (timely filing within the usual 2-business-day Form 4 window).
- Shares owned after transaction: the reported Class A common shares were cancelled/converted at the merger Effective Time (i.e., effectively 0 Class A shares remaining).
- Footnote: The filing notes the Merger Agreement converted all outstanding Class A shares into $65.00 cash per share. It also states 5,816 unvested RSUs (part of the 100,752 reported) were cancelled and converted into cash awards tied to the same $65.00 per-share price; those Converted Cash Awards remain subject to the original vesting terms and applicable tax withholding.
Context
This was a corporate merger cash-out (each share converted to cash) rather than a discretionary insider sell. Such dispositions reflect the deal terms (a fixed $65/share payout) and do not necessarily indicate insider trading sentiment. For retail investors, purchase transactions usually convey stronger signals about insider confidence; merger cash-outs are routine corporate events.
Insider Transaction Report
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−100,752$6,548,880→ 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 5,816 unvested restricted stock units ("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 (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time.