Short answer
AAR CORP (AIR) filed an 8-K current report with the SEC on July 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO John Holmes received 161,500 performance-based shares targeting approximately $15 million in grant-date value.
AAR CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO John Holmes received 161,500 performance-based shares targeting approximately $15 million in grant-date value
- Award vests July 31, 2031, subject to continued service and stock-price hurdles
- One-third vests at $175, another at $200, and the final third at $250 based on 30-day VWAP
- Hurdles represent 35%, 54%, and 93% premiums to AAR’s $129.47 closing price on July 23, 2026
- Special award strengthens CEO retention and pay-for-performance alignment, while creating potential future dilution tied to substantial appreciation
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