Christopher A. Jessup - 18 Jul 2022 Form 4 Insider Report for AAR CORP (AIR)

Role: Vice President-CCO
Signature: /s/ Katherine Kwiat, power of attorney
Issuer symbol: AIR
Transactions as of: 18 Jul 2022
Transactions value $: $505,282
Form type: 4
Filing time: 20 Jul 2022, 16:22:30 UTC
Previous filing: 12 Apr 2022
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIR	Common Stock	Award	$0	+5.08K	+14.6%	$0.00	39.8K	18 Jul 2022	Direct	F1
transaction	AIR	Common Stock	Award	$0	+10.2K	+25.48%	$0.00	50K	18 Jul 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AIR	Stock Option	Award	$505K	+12.1K		$41.88	12.1K	18 Jul 2022	Common Stock	12.1K	$41.88	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of stock pursuant to a Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F2	Award of stock pursuant to a Performance Restricted Stock Agreement in a transaction exempt under Rule 16b-3.
F3	The awarded stock option vests and becomes exercisable in 1/3 annual installments beginning on July 31, 2023 and shall vest as follows: 33 and 1/3% on each of July 31, 2023, July 31, 2024 and July 31, 2025.