Adams Joseph P. Jr. 4

What Happened

• Joseph P. Adams Jr., CEO, Chairman and Director of FTAI Aviation Ltd. (FTAI), exercised options on May 11, 2026 for 12,448 shares. The exercise resulted in an acquired value of $316,677 (12,448 shares @ $25.44).
• To satisfy the exercise price and tax liability, 7,752 of those shares were deemed surrendered (disposed) as withholding at an implied valuation of $270.29 per share, totaling $2,095,288 (footnote indicates no open-market sale — a surrender to cover costs).
• Net result from this transaction: 4,696 shares retained from the exercise (12,448 exercised − 7,752 surrendered).

Key Details

• Transaction date: 2026-05-11; Form filed: 2026-05-12 (timely).
• Exercise detail (code M): 12,448 shares exercised @ $25.44 (value shown $316,677).
• Withholding (code F): 7,752 shares deemed surrendered @ $270.29 (value shown $2,095,288) to cover exercise price and taxes. Footnote F1: no shares were sold on the open market — surrender used to satisfy obligations.
• Net shares from this event: +4,696 shares retained. Total post-transaction holdings not reported on the supplied excerpt.

Context

• This was an options exercise with share surrender to cover costs (a common cashless exercise/tax withholding method), not an open-market sale or purchase of additional shares.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability via share surrender.
• Facts only — no inference about motive or future company performance.