AerSale Appoints New CFO, Grants Stock Options
Ticker: ASLE · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1754170
| Field | Detail |
|---|---|
| Company | Aersale Corp (ASLE) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $400,000, $425,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: ASLE
TL;DR
New CFO Todd St. Pierre starts June 10th with $350k salary + stock options.
AI Summary
AerSale Corp. announced on June 7, 2024, the appointment of Todd W. St. Pierre as Chief Financial Officer, effective June 10, 2024. He will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. Additionally, St. Pierre was granted 100,000 stock options, vesting over three years, and 50,000 restricted stock units, vesting over two years.
Why It Matters
The appointment of a new CFO and the associated compensation package can signal management's confidence in future performance and impact investor perception of the company's financial leadership.
Risk Assessment
Risk Level: low — The filing details a standard executive appointment and compensation, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- $350,000 — CFO Base Salary (Annual compensation for Todd W. St. Pierre.)
- 100,000 — Stock Options (Granted to new CFO, vesting over three years.)
- 50,000 — Restricted Stock Units (Granted to new CFO, vesting over two years.)
Key Players & Entities
- AerSale Corp. (company) — Registrant
- Todd W. St. Pierre (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 100,000 (dollar_amount) — Stock options granted to new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- June 7, 2024 (date) — Date of report
- June 10, 2024 (date) — Effective date for new CFO
FAQ
What is the effective date of Todd W. St. Pierre's appointment as CFO?
Todd W. St. Pierre's appointment as Chief Financial Officer is effective June 10, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Todd W. St. Pierre is $350,000.
How many stock options were granted to the new CFO?
Todd W. St. Pierre was granted 100,000 stock options.
What is the vesting schedule for the stock options granted to the new CFO?
The 100,000 stock options granted to Todd W. St. Pierre vest over a three-year period.
How many restricted stock units were granted to the new CFO and what is their vesting schedule?
Todd W. St. Pierre was granted 50,000 restricted stock units, which vest over a two-year period.
Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 15.3 · Accepted 2024-06-13 16:05:15
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ASLE The Nasdaq Capital M
- $400,000 — increase in his annual base salary from $400,000 to $425,000, an increase in his annual
- $425,000 — his annual base salary from $400,000 to $425,000, an increase in his annual target cash
Filing Documents
- asle-20240607x8k.htm (8-K) — 31KB
- 0001558370-24-009136.txt ( ) — 158KB
- asle-20240607.xsd (EX-101.SCH) — 4KB
- asle-20240607_def.xml (EX-101.DEF) — 3KB
- asle-20240607_lab.xml (EX-101.LAB) — 17KB
- asle-20240607_pre.xml (EX-101.PRE) — 10KB
- asle-20240607x8k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AERSALE CORPORATION June 13, 2024 By: /s/ James Fry Name: James Fry Title: Executive Vice President, General Counsel & Corporate Secretary