John McClain Holmes III, who serves as Chairman, President and CEO of AAR Corp (NYSE:AIR), completed a pair of related equity transactions on March 26 and March 27 that together amounted to $9.5 million in share sales.
The transactions reported on a Form 4 filed with the Securities and Exchange Commission indicate that Holmes sold 86,225 shares of AAR common stock, with executed sale prices spanning from $107.6039 to $112.4135. Those share sales were tied to the exercise of stock options: the filing shows the acquisition of 86,225 shares through option exercises at prices between $37.66 and $37.74, for an aggregate acquisition value of $3,247,266.
Following these option exercises and open-market sales, Holmes is listed as directly owning 235,064 shares of AAR Corp. The Form 4 disclosure was signed on Holmes’ behalf by Katherine Kwiat, acting under a power of attorney.
Context on company results and analyst reactions
In separate corporate disclosures, AAR reported third-quarter fiscal 2026 results that exceeded consensus forecasts. The company recorded earnings per share of $1.25, above the forecasted $1.16, and reported revenue of $845 million versus an expected $812.2 million.
Following the quarterly release, several sell-side firms adjusted their price targets and maintained favorable ratings. Jefferies raised its price target to $150 while keeping a Buy rating. RBC Capital lifted its target to $125. Truist Securities reiterated a Buy with a $128 target, citing expansion in the parts distribution business. KeyBanc also increased its target to $120, noting strong execution and market share progress. Management, in turn, increased its fiscal 2026 outlook and raised expectations for organic growth in upcoming quarters.
Reporting mechanics
The insider sales and option exercises were disclosed in the SEC Form 4 filing that documents officer and director transactions in company stock. The filing’s execution under a power of attorney is noted in the record.
This report presents the details that appear in the company and regulatory filings and the post-quarter market reactions reported by analysts. No additional inferences regarding motives or future stock movement are provided beyond the facts recorded in the filings and the company’s published results.