4//SEC Filing
Nicholson Kenneth J. 4
Accession 0001672945-24-000002
CIK 0001590364other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:19 PM ET
Size
7.1 KB
Accession
0001672945-24-000002
Insider Transaction Report
Form 4
Nicholson Kenneth J.
Director
Transactions
- Award
Stock Option (right to buy)
2024-02-28+24,895→ 24,895 totalExercise: $26.11Exp: 2033-03-15→ Ordinary Shares (24,895 underlying)
Footnotes (3)
- [F1]Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 2)
- [F2]When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of manager options not subject to corresponding tandem options to the total number of manager options (including manager options underlying such tandem awards subject to corresponding tandem options) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period.
- [F3]Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.
Documents
Issuer
FTAI Aviation Ltd.
CIK 0001590364
Entity typeother
Related Parties
1- filerCIK 0001672945
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:19 PM ET
- Size
- 7.1 KB