Korde Kishore 4

What Happened

• Korde Kishore, Executive Vice President of Air Lease Corporation (AL), had 311 performance-based restricted stock units (RSUs vest) on Feb 12, 2026. Per the filing, 129 of those shares were surrendered/withheld to cover tax liability at $64.66 per share (totaling $8,341), leaving a net 182 shares issued to him or associated accounts.
• The 311 shares were issued as the vesting of 2023 performance-based RSUs under the company's equity plan (award code A). The 129-share disposition is reported under tax-withholding (code F).

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-17 (filed 5 days after the transaction — appears late under Section 16’s 2-business-day rule).
• Grant/issuance: 311 shares (award upon RSU vesting; reported at $0 acquisition price).
• Tax withholding: 129 shares @ $64.66 = $8,341 (disposed to satisfy tax liability).
• Net shares from this vesting: 311 − 129 = 182 shares.
• Footnotes: F1 confirms these were performance-based RSUs granted in 2023. F2 and F3 state some reported shares are owned or held for the reporting person’s children (custodial holdings under California UTMA) and the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Shares owned after the transaction are not specified in the supplied filing details.

Context

• This is an award/vesting event (not an open-market purchase or targeted sale). Withholding shares for taxes is a routine administrative step and not an active sale signal.
• For retail investors, vested RSUs reflect compensation realization rather than a direct vote of confidence or lack thereof; tax-withholding dispositions are common and frequently appear on Form 4s.
• The late filing may be a compliance issue; investors tracking insider timing should note the Feb 17 filing date for the Feb 12 transaction.