GOODWIN PAUL R 4

What Happened
Paul R. Goodwin, a director of FTAI Aviation Ltd. (FTAI), was granted 128 ordinary shares on March 16, 2026 as an award/acquisition (Form 4 code A). The shares were issued in lieu of cash fees under the company’s 2025 Omnibus Incentive Award Plan. Based on the March 16, 2026 closing price of $236.10, the grant is worth approximately $30,220.80.

Key Details

• Transaction date: 2026-03-16; filing date: 2026-03-17 (filed the next day).
• Transaction type/code: Award/Grant (A) — 128 shares acquired at $0.00 purchase price to the insider.
• Implied value: 128 × $236.10 = $30,220.80 (closing price used per footnote).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote: Shares issued at the reporting person’s election in lieu of cash fees under the 2025 Omnibus Incentive Award Plan and Board resolution; closing price cited in footnote.
• Timeliness: Filing appears timely (filed one day after the transaction).

Context
This was an equity award issued as compensation, not an open-market purchase or sale. Awards issued in lieu of cash are common for directors and are primarily a compensation matter rather than a direct signal of buying or selling intent.