Foley John Joseph V 4

What Happened

• John Joseph V. Foley, Chief Financial Officer of Madison Air Solutions Corp (MAIR), had 21,143 shares of Class A common stock withheld to satisfy his tax obligation tied to the vesting of equity awards. The shares were valued at $38.13 each, totaling about $806,183. This was a tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-23; Price: $38.13 per share; Total value withheld: $806,183.
• The withholding satisfied taxes on the vesting of 46,215 EAR Units; 21,143 shares were withheld and approximately 25,072 shares were delivered to Foley (46,215 vested units minus 21,143 withheld).
• Footnote F2: filing notes "Includes 506,537 EAR Units" (this pertains to reported EAR Units in the filing).
• Report filed on 2026-06-23 (same day), so the filing appears timely.
• Transaction type: F = shares withheld to cover tax liability (cashless/tax withholding), not a sale to the market.

Context

• Withholdings to cover taxes upon vesting are routine and do not necessarily signal a buy/sell conviction; they simply settle tax obligations when restricted units or similar awards vest.
• For derivative/award transactions like this, the key point for investors is that new shares vested were issued, but a portion was retained by the company to cover taxes rather than being sold on the open market.