AAR CORP (AIR) SVP Garascia exercises stock options and sells 6,284 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AAR CORP senior vice president and general counsel Jessica A. Garascia exercised stock options and sold the resulting shares in a same‑day liquidity move. She exercised options for 2,368, 1,778 and 2,138 shares of Common Stock at exercise prices of $41.88, $58.27 and $67.02 per share, respectively, acquiring a total of 6,284 shares.
On the same date, she sold 6,284 Common Stock shares in open-market transactions at a weighted average price of $112.2006 per share, with individual sale prices ranging from $111.82 to $113.24. After these transactions, she directly holds 29,557 Common Stock shares. No remaining derivative positions are listed in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,284 shares ($705,069)
Net Sell
9 txns
Insider
Garascia Jessica A.
Role
Senior VP, GC, CAO & Secretary
Sold
6,284 shs ($705K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 2,368 | $0.00 | -- |
| Exercise | Stock Option | 1,778 | $0.00 | -- |
| Exercise | Stock Option | 2,138 | $0.00 | -- |
| Exercise | Common Stock | 2,368 | $41.88 | $99K |
| Sale | Common Stock | 2,368 | $112.2006 | $266K |
| Exercise | Common Stock | 1,778 | $58.27 | $104K |
| Sale | Common Stock | 1,778 | $112.2006 | $199K |
| Exercise | Common Stock | 2,138 | $67.02 | $143K |
| Sale | Common Stock | 2,138 | $112.2006 | $240K |
Holdings After Transaction:
Stock Option — 0 shares (Direct);
Common Stock — 31,925 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.8200 to $113.2400, inclusive. The reporting person undertakes to provide AAR CORP., any security holder of AAR CORP., or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2024 and shall vest as follows: 33 and 1/3% on each of July 31, 2024, July 31, 2025, and July 31, 2026. The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2025 and shall vest as follows: 33 and 1/3% on each of July 31, 2025, July 31, 2026, and July 31, 2027.
Key Figures
Options exercised: 6,284 shares
Shares sold: 6,284 shares
Weighted average sale price: $112.2006 per share
+3 more
6 metrics
Options exercised
6,284 shares
Total Common Stock underlying options exercised on 2026-03-26
Shares sold
6,284 shares
Common Stock sold in open-market transactions on 2026-03-26
Weighted average sale price
$112.2006 per share
Average price for multiple sale transactions on 2026-03-26
Sale price range
$111.82–$113.24 per share
Range of individual trade prices in reported sales
Option strike prices
$41.88, $58.27, $67.02
Exercise prices for the three stock option tranches
Post-transaction holdings
29,557 shares
Directly owned AAR CORP Common Stock after transactions
Key Terms
weighted average price, stock option, open-market sale, vests and becomes exercisable, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
stock option financial
"The awarded stock option vests and becomes exercisable in 1/3 annual installments"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vests and becomes exercisable financial
"The awarded stock option vests and becomes exercisable in 1/3 annual installments"
Common Stock financial
"underlying_security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did AAR CORP (AIR) executive Jessica Garascia report in this Form 4?
Jessica A. Garascia reported exercising stock options for 6,284 AAR CORP shares and selling the same number of shares in open-market transactions, while ending with direct ownership of 29,557 Common Stock shares after all reported trades.
What stock options did Jessica Garascia exercise in AAR CORP (AIR)?
She exercised three tranches of AAR CORP stock options, covering 2,368 shares at $41.88, 1,778 shares at $58.27, and 2,138 shares at $67.02 per share, converting these options into a total of 6,284 Common Stock shares.
Is this AAR CORP Form 4 mainly an exercise-and-sell transaction pattern?
Yes. The filing shows Jessica Garascia exercising options for 6,284 shares and then selling exactly 6,284 Common Stock shares the same day, a classic exercise‑and‑sell pattern converting option value into cash while maintaining a remaining equity stake.
What do the footnotes in Jessica Garascia’s AAR CORP Form 4 explain?
The footnotes explain that the reported sale price is a weighted average for multiple trades between $111.8200 and $113.2400, and they describe the vesting schedules for the underlying stock options, which vest in three equal annual installments beginning in 2024 and 2025.