AIR AAR CORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2024: $0M, Q1 2023: $22M, Q3 2023: $20M, Q2 2023: $-22M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $7M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-18M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $23M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 34842761.8x more than bought. 4 C-suite officers among sellers

• Holmes John McClain III (Chairman, President & CEO) sold 60,000 shares on 2026-03-26
• Holmes John McClain III (Chairman, President & CEO) sold 2,225 shares on 2026-03-27
• Holmes John McClain III (Chairman, President & CEO) sold 23,950 shares on 2026-03-27
• Flanagan Sarah Louise (Interim CFO VP Fin Ops) sold 10,750 shares on 2026-02-04
• Holmes John McClain III (Chairman, President & CEO) sold 10,000 shares on 2026-02-03
• Holmes John McClain III (Chairman, President & CEO) sold 16,802 shares on 2026-01-13
• Holmes John McClain III (Chairman, President & CEO) sold 3,947 shares on 2026-01-14
• Holmes John McClain III (Chairman, President & CEO) sold 6,000 shares on 2026-01-14
• Holmes John McClain III (Chairman, President & CEO) sold 30,000 shares on 2026-01-12
• Jessup Christopher A. (Senior Vice President-CCO) sold 8,969 shares on 2026-01-09