Steven Udvar Hazy - Feb 25, 2024 Form 4 Insider Report for AIR LEASE CORP (AL)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Lauren Jaeger, Attorney-in-Fact
Stock symbol
AL
Transactions as of
Feb 25, 2024
Transactions value $
-$1,810,161
Form type
4
Date filed
2/27/2024, 08:28 PM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AL Air Lease Corporation - Class A Common Stock Tax liability -$1.81M -45.3K -3.18% $39.97 1.38M Feb 25, 2024 Direct
transaction AL Air Lease Corporation - Class A Common Stock Award $0 +22.9K +1.66% $0.00 1.4M Feb 25, 2024 Direct F1
transaction AL Air Lease Corporation - Class A Common Stock Award $0 +79.4K +5.67% $0.00 1.48M Feb 25, 2024 Direct F2
holding AL Air Lease Corporation - Class A Common Stock 36.7K Feb 25, 2024 See footnote F3
holding AL Air Lease Corporation - Class A Common Stock 16.6K Feb 25, 2024 See footnote F4
holding AL Air Lease Corporation - Class A Common Stock 19.5K Feb 25, 2024 See footnote F4
holding AL Air Lease Corporation - Class A Common Stock 17K Feb 25, 2024 See footnote F5
holding AL Air Lease Corporation - Class A Common Stock 24.5K Feb 25, 2024 See footnote F5
holding AL Air Lease Corporation- Class A Common Stock 3.5K Feb 25, 2024 See footnote F6
holding AL Air Lease Corporation - Class A Common Stock 3.3K Feb 25, 2024 See footnote F6
holding AL Air Lease Corporation - Class A Common Stock 2.5K Feb 25, 2024 See footnote F6
holding AL Air Lease Corporation- Class A Common Stock 1.3K Feb 25, 2024 See footnote F6
holding AL Air Lease Corporation - Class A Common Stock 300 Feb 25, 2024 See footnote F6
holding AL Air Lease Corporation - Class A Common Stock 36K Feb 25, 2024 See footnote F7
holding AL Air Lease Corporation - Class A Common Stock 329K Feb 25, 2024 See footnote F8
holding AL Air Lease Corporation - Class A Common Stock 102K Feb 25, 2024 See footnote F9
holding AL Air Lease Corporation - Class A Common Stock 2.71M Feb 25, 2024 See footnote F10
holding AL Air Lease Corporation - Class A Common Stock 1.21M Feb 25, 2024 See footnote F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted under the Air Lease Corporation 2023 Equity Incentive Plan that vest in three annual installments beginning on February 25, 2025.
F2 This bonus award granted in the form of restricted stock units under the Air Lease Corporation 2023 Equity Incentive Plan, will cliff (100%) vest on February 25, 2026.
F3 These shares are owned by the reporting person's wife. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F4 These shares are owned by one of the reporting person's daughters. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F5 These shares are owned by one of the reporting person's sons. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F6 These shares are held by the reporting person as custodian for one of the reporting person's grandchildren under the California Uniform Transfers to Minors Act. The reporting person expressly disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F7 These shares are held by Emerald Financial LLC. A separate trust for each of the reporting person's four children owns 25% of the membership interests of Emerald LLC. Inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
F8 These shares are held by Air Intercontinental, Inc., of which the reporting person is the sole stockholder.
F9 These shares are held by Ocean Equities, Inc. which is 100% owned by the Hazy Family Community Property Trust 5/28/85 of which the reporting person is the trustee and beneficial owner.
F10 These shares are held by the Hazy Family Community Property Trust 5/28/85, of which the reporting person is the trustee and beneficial owner.
F11 These shares are held by the Udvar-Hazy Separate Property Trust, of which the reporting person is the trustee.