GOODWIN PAUL R 4

What Happened
Paul R. Goodwin, a director of FTAI Aviation Ltd. (FTAI), was granted 552 restricted share units (reported as an acquisition) on May 28, 2026. The units were recorded at $0.00 per share (no cash paid) — the grant is an equity award, not an open‑market purchase or sale.

Key Details

• Transaction date: May 28, 2026; Filing date: May 29, 2026 (timely filing).
• Security/amount: 552 restricted share units; reported price per share: $0.00; total reported cash value: $0.
• Footnote: The award vests in one annual installment beginning May 28, 2026, subject to Goodwin’s continued service on the vesting date.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction code: A (award/grant).

Context
Restricted share units (RSUs) are a form of compensation that convert into shares (or cash) only if vesting conditions are met; they do not necessarily reflect an immediate change in market exposure. This grant is a routine director compensation event and should be interpreted as an award, not a market purchase or sale.