Corporate GovernanceJul 24, 2026, 06:07 AM
AAR CORP Grants CEO John Holmes $15M Performance Stock Award
AI Summary
AAR CORP's Human Capital and Compensation Committee approved a long-term performance incentive grant of 161,500 shares of performance-based restricted stock to Chairman, CEO, and President John M. Holmes. The award has a targeted grant date fair value of approximately $15 million and is designed to incentivize stock price appreciation and long-term retention. The shares cliff vest on July 31, 2031, based on the achievement of specific stock price hurdles: $175, $200, and $250, representing premiums of 35%, 54%, and 93% over the July 23, 2026 closing price of $129.47.
Key Highlights
- Grant of 161,500 performance-based restricted shares to CEO John M. Holmes.
- Targeted grant date fair value of approximately $15 million.
- Shares cliff vest on July 31, 2031, based on stock price hurdles.
- First vesting hurdle: $175 (35% premium over $129.47 closing price).
- Second vesting hurdle: $200 (54% premium over $129.47 closing price).
- Third vesting hurdle: $250 (93% premium over $129.47 closing price).
- Award aims to create over $4.5 billion in stockholder value.
Price Impact
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