Beker David 4
4 · SUMISHO AIR LEASE CORP · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
SUMISHO Air Lease (AL) EVP David Beker Sells 36,408 Shares
What Happened
David Beker, EVP, Marketing of SUMISHO Air Lease Corporation, reported a disposition to the issuer on April 8, 2026: 36,408 shares were converted/cashed out at $65.00 per share for a total of $2,366,520. This disposition arose from a merger in which each outstanding share was converted into the right to receive $65.00 in cash.
Key Details
- Transaction date and price: 2026-04-08 at $65.00 per share.
- Total proceeds: $2,366,520.
- Shares reported disposed include 4,472 unvested RSUs that were cancelled and converted into cash equivalents (see footnote F2); those Converted Cash Awards remain subject to the original vesting terms.
- Transaction code: D (disposition to the issuer) — this is a cash-out under the Merger Agreement, not an open-market sale.
- Filing: Form 4 filed 2026-04-10 (appears timely; Form 4 is generally due within two business days).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
Context
This was a merger cash-out (per the Merger Agreement), where all issued Class A shares were cancelled and converted into $65.00 per share in cash at the Effective Time. Such issuer dispositions tied to corporate transactions reflect the deal terms rather than an insider-initiated market sale and therefore should not be read as a standalone signal of insider sentiment.
Insider Transaction Report
- Disposition to Issuer
Air Lease Corporation - Class A Common Stock
[F1][F2]2026-04-08$65.00/sh−36,408$2,366,520→ 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 4,472 unvested restricted stock units ("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 (the "Converted Cash Awards"). The Converted Cash Awards are subject to the same vesting terms and conditions as applied to such RSUs immediately prior to the Effective Time.