FTAI Aviation Director Paul R. Goodwin Receives Shares in Lieu of Fees

Executive Summary

On September 17, 2026, FTAI Aviation Ltd. ($FTAI) filed a Form 4 on behalf of Director Paul R. Goodwin reporting an acquisition of 171 Ordinary Shares on September 15, 2026. The shares were awarded at $0 out-of-pocket cost under the issuer's 2025 Omnibus Incentive Award Plan as compensation for board services, reflecting the director's election to receive shares in lieu of cash fees.

Transaction Breakdown

• Reporting Person: Paul R. Goodwin
• Role: Director
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 171 shares
• Nominal Price: $0.00 (Benchmark closing price was $176.00 on September 14, 2026, valuing the grant at approximately $30,096)
• Ownership Form: Indirect (By Trust)
• Post-Transaction Beneficial Ownership: 83,083 shares

Market & Trading Significance

This transaction represents a routine quarterly or scheduled director compensation event where cash retainers are converted into equity. Because this reflects an administrative award under a pre-established incentive plan rather than an open-market purchase or sale, it does not provide an actionable directional signal regarding insider sentiment or operational performance.