AerSale Appoints New CFO, Grants Stock Options
Ticker: ASLE · Form: 8-K · Filed: Apr 3, 2025 · CIK: 1754170
| Field | Detail |
|---|---|
| Company | Aersale Corp (ASLE) |
| Form Type | 8-K |
| Filed Date | Apr 3, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
AerSale names new CFO, Todd St. Pierre, starting April 1st with $350k salary and stock grants.
AI Summary
AerSale Corporation announced on March 28, 2025, the appointment of Todd W. St. Pierre as Chief Financial Officer, effective April 1, 2025. He will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. Additionally, St. Pierre will be granted 100,000 stock options, vesting over three years, and a restricted stock unit award with a target value of $250,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $350,000 — CFO Annual Salary (Base compensation for Todd W. St. Pierre.)
- 100,000 — Stock Options (Granted to new CFO, vesting over three years.)
- $250,000 — RSU Target Value (Award for new CFO, vesting over three years.)
Key Players & Entities
- AerSale Corporation (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
- $250,000 (dollar_amount) — Target value of restricted stock unit award for new CFO
- March 28, 2025 (date) — Date of report and announcement
- April 1, 2025 (date) — Effective date of new CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of AerSale Corporation?
Todd W. St. Pierre has been appointed as the new Chief Financial Officer of AerSale Corporation.
When is the new CFO's appointment effective?
The appointment of Todd W. St. Pierre as CFO is effective April 1, 2025.
What is the annual base salary for the new CFO?
The annual base salary for Todd W. St. Pierre is $350,000.
What equity awards will the new CFO receive?
Todd W. St. Pierre will receive 100,000 stock options and a restricted stock unit award with a target value of $250,000.
How will the stock options and RSUs vest?
The 100,000 stock options will vest over three years, and the restricted stock unit award with a target value of $250,000 will also vest over three years.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 3, 2025 by Todd W. St. Pierre regarding AerSale Corp (ASLE).