8-KOther EventsExhibits & Filings

FTAI Aviation Ltd. 8-K Report, Corporate Update (Feb 28, 2020)

Filed February 28, 2020For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) filed an 8-K on February 28, 2020, announcing the filing of a prospectus supplement to its existing shelf registration statement. This supplement is primarily for registering the issuance of common shares under its Nonqualified Stock Option and Incentive Award Plan (the Option Plan). This includes shares available for future issuance and shares related to previously granted awards. The filing aims to register a total of approximately 31.8 million common shares. Of this, nearly 30 million are available for issuance under the plan, and over 1.9 million relate to prior awards. The company will receive proceeds from cash exercises of awards, but not from cashless exercises. Additionally, the filing registers over 59,000 shares for resale by selling shareholders who have received or may receive shares under the plan. Investors should note that FTAI will not receive any proceeds from these resales.

Key Highlights

  • 1FTAI Aviation Ltd. filed a prospectus supplement to register common shares under its stock option and incentive award plan.
  • 2The filing covers approximately 29.87 million shares available for future issuance under the Option Plan.
  • 3It also registers about 1.93 million shares related to previously granted awards under the Option Plan.
  • 4The total number of common shares being registered for issuance or in connection with awards is approximately 31.8 million.
  • 5The company expects to receive proceeds only from cash exercises of stock-based awards, not from cashless exercises.
  • 6An additional 59,491 shares are registered for resale by selling shareholders.
  • 7FTAI will not receive any proceeds from the resale of shares by these selling shareholders.

Frequently Asked Questions

The primary purpose is to register common shares of FTAI Aviation Ltd. that can be issued or have been issued under the company's Nonqualified Stock Option and Incentive Award Plan. It also registers shares for potential resale by individuals who received these shares.

The filing registers a total of approximately 31.8 million common shares. This includes about 29.87 million shares available for future issuance and approximately 1.93 million shares related to previously granted awards.

FTAI will receive proceeds if stock-based awards are exercised or purchased for cash. However, the company will not receive any proceeds from shares issued via cashless exercises or from the resale of shares by selling shareholders.

The 'Selling Shareholders' are individuals who are eligible to receive securities under the Option Plan or have already received them. They may offer these shares for resale from time to time.