McClain John Holmes III, Chairman at AAR (NYSE:AIR), reported a large exercise of company stock options on October 12, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that III, Chairman at AAR, a company in the Industrials sector, just exercised stock options worth 10,000 shares of AIR stock with an exercise price of $18.94.
AAR shares are trading down 0.97% at $58.35 at the time of this writing on Friday morning. Since the current price is $58.35, this makes III's 10,000 shares worth $583,499.
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