LEVISON A ANDREW 4

What Happened Levison A. Andrew, a director of FTAI Aviation Ltd. (FTAI), received 88 ordinary shares on 2026-03-16 as an award (code A) issued at $0.00. The filing shows the shares were issued in lieu of cash fees; using the closing price of $236.10 on 2026-03-16 the grant had an approximate market value of $20,776.80.

Key Details

• Transaction date and type: 2026-03-16 — Award/grant of 88 shares (Acquired at $0.00 per share; security code A).
• Implied value: 88 shares × $236.10 closing price = $20,776.80 (closing price per footnote).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Shares issued at the reporting person's election in lieu of cash fees under the FTAI Aviation Ltd. 2025 Omnibus Incentive Award Plan; closing price cited as $236.10.
• Filing timeliness: Form 4 filed 2026-03-17 covering the 3/16/2026 transaction — appears timely (insiders generally have 2 business days to report).

Context This was a compensation-related award (director fee election), not an open-market buy or sale. Awards issued in lieu of cash are common for board compensation and do not by themselves signal a buy/sell decision by the market—just that the director elected stock-based payment.