Clark Yvette Hollingsworth 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Sumisho Air Lease (AL) Director Yvette Hollingsworth Sells Shares
What Happened
- Director Yvette Hollingsworth disposed of 25,288.82 shares of Sumisho Air Lease (AL) at $65.00 per share, receiving $1,643,773. The disposition was a "D" (disposition to the issuer) in connection with the company’s merger, in which each share was converted into the right to receive $65.00 in cash.
Key Details
- Transaction date: 2026-04-08; Form filed: 2026-04-10.
- Price: $65.00 per share; Total proceeds: $1,643,773.
- Shares reported disposed include: 5,984 vested but deferred RSUs (with accrued dividend equivalents) and 2,698 unvested RSUs, which were canceled and converted into cash payments under the merger terms.
- Transaction type: Disposition to issuer (merger cash-out), not an open-market sale.
- Shares owned after transaction: not disclosed in the provided filing.
- Timeliness: Filing appears timely (transaction 4/8/2026; Form 4 filed 4/10/2026); no late filing flag indicated.
Context
- This was a merger-related cash-out: Merger Sub merged into the issuer and all outstanding common shares were canceled and converted into the right to receive $65.00 per share. The RSUs (both vested-deferred and unvested) were likewise converted into cash payments as described in the filing.
- Such dispositions arising from corporate transactions are routine and reflect the deal terms rather than an insider’s open-market selling decision.
Insider Transaction Report
Form 4Exit
Clark Yvette Hollingsworth
Director
Transactions
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−25,288.82$1,643,773→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), with Sumisho Air Lease Corporation Designated Activity Company, an Irish private limited company ("Parent"), and Takeoff Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's Class A common stock, par value $0.01 per share ("Common Stock") that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $65.00 per share in cash, without interest thereon (the "Per Share Price").
- [F2]The shares of Common Stock reported as disposed by the reporting person include (i) 5,984 vested but deferred restricted stock units ("RSUs"), including dividend equivalent rights accrued on such RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of vested but deferred RSUs, and (ii) 2,698 unvested RSUs, which were cancelled and converted into the right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product of the Per Share Price and the total number of unvested RSUs upon the reporting person's separation from service at the Effective Time.
Signature
/s/ Lauren Jaeger, Attorney-in-Fact|2026-04-10