AAR CORP. Grants CEO a $15M Special Performance-Based Stock Award

AAR CORP. approved a special long-term performance incentive grant of 161,500 shares of performance-based restricted stock to Chairman, CEO, and President John M. Holmes. The award, valued at approximately $15 million on the grant date of July 23, 2026, is designed to align executive compensation with significant shareholder value creation over a five-year period.

Key Details

• Award Details: The grant consists of 161,500 performance-based restricted shares with a target grant date fair value of approximately $15 million.
• Performance Hurdles: The award is 100% performance-based and vests in three equal tranches if the company's 30-day volume-weighted average stock price reaches $175, $200, and $250 per share.
• Vesting Timeline: The shares cliff-vest on July 31, 2031, contingent on meeting the stock price hurdles and Mr. Holmes' continued service. The price targets represent premiums of 35% to 93% over the grant date closing price of $129.47.