AAR CORP (AIR) Interim CFO exercises options and sells 10,750 shares

Rhea-AI Filing Summary

AAR CORP’s Interim CFO and VP Finance Operations, Sarah Louise Flanagan, reported an option exercise and share sale. On 02/04/2026, she exercised 10,750 stock options at an exercise price of $37.66 per share, receiving the same number of common shares and bringing her direct holdings to 43,598 shares.

On the same date, she sold 10,750 common shares at a weighted average price of $108.5574 per share, with individual sale prices ranging from $107.5300 to $110.3850. After these transactions, she directly owned 32,848 common shares of AAR CORP.

Insider Trade Summary

Net Seller: 10,750 shares ($1,166,992)

Net Sell 3 txns

Insider Flanagan Sarah Louise

Role Interim CFO VP Fin Ops

Sold 10,750 shs ($1.17M)

Type	Security	Shares	Price	Value
Exercise	Stock Option	10,750	$0.00	--
Exercise	Common Stock	10,750	$37.66	$405K
Sale	Common Stock	10,750	$108.5574	$1.17M

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 43,598 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Flanagan Sarah Louise

(Last) (First) (Middle)

1100 N. WOOD DALE RD.

(Street)

WOOD DALE IL 60191

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AAR CORP [ AIR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim CFO VP Fin Ops

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/04/2026		M		10,750	A	$37.66	43,598	D
Common Stock	02/04/2026		S		10,750	D	$108.5574(1)	32,848	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$37.66	02/04/2026		M			10,750	07/31/2020	07/08/2029	Common Stock	10,750	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.5300 to $110.3850 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.

	/s/ Katherine Kwiat, power of attorney	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did AAR CORP (AIR) report for Sarah Louise Flanagan?

AAR CORP reported that Interim CFO and VP Finance Operations Sarah Louise Flanagan exercised 10,750 stock options and sold 10,750 common shares on February 4, 2026. Following these transactions, she directly held 32,848 shares of AAR CORP common stock.

How many AAR CORP (AIR) stock options did the Interim CFO exercise?

Sarah Louise Flanagan exercised 10,750 AAR CORP stock options on February 4, 2026 at an exercise price of $37.66 per share. The option exercise converted into 10,750 shares of common stock before the reported sale transaction.

At what price did the AAR CORP (AIR) Interim CFO sell her shares?

She sold 10,750 AAR CORP common shares at a weighted average price of $108.5574 per share. The shares were sold in multiple trades at prices ranging from $107.5300 to $110.3850, as disclosed in the Form 4 footnote.

How many AAR CORP (AIR) shares does Sarah Louise Flanagan own after the Form 4 transactions?

After completing the option exercise and subsequent sale, Sarah Louise Flanagan directly owns 32,848 AAR CORP common shares. Before the sale, following the option exercise, her direct ownership had increased to 43,598 shares of common stock.

What role does Sarah Louise Flanagan hold at AAR CORP (AIR)?

Sarah Louise Flanagan serves as AAR CORP’s Interim Chief Financial Officer and Vice President, Finance Operations. Her status as an officer requires reporting changes in her ownership of AAR CORP securities through Section 16 filings such as this Form 4.

What does the weighted average price disclosure mean in the AAR CORP (AIR) Form 4?

The weighted average price of $108.5574 reflects 10,750 shares sold across multiple trades. Individual sale prices ranged from $107.5300 to $110.3850, and the insider has undertaken to provide the exact share counts at each price upon request.