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AerSale Corp (NASDAQ:ASLE) announced a change to its chief executive officer’s compensation structure, according to a press release statement included in a filing with the Securities and Exchange Commission.
On August 6, the company’s board of directors approved modifications to the compensation of Nicolas Finazzo, CEO and chairman. Starting with fiscal 2025, Mr. Finazzo will no longer be eligible for an annual incentive cash bonus, which was previously targeted at 100% of his base salary. Instead, his annual target equity grants will increase from 300% to 600% of his current base salary.
The revised target equity grants will be distributed as 50% performance stock units, 25% restricted stock units, and 25% stock options. These grants are subject to the terms of the AerSale Corporation 2020 Equity Incentive Plan and related award agreements.
Following the modification, approximately 64% of Mr. Finazzo’s total annual target direct compensation will be tied to the company’s long-term performance. The company stated that these changes are intended to better align executive incentives with long-term stock performance.
AerSale’s common stock is listed on the Nasdaq Capital Market under the symbol ASLE.
In other recent news, AerSale Corp reported impressive financial results for the second quarter of fiscal 2025. The company achieved earnings per share of $0.20, significantly surpassing the expected $0.04, which represents a 400% increase over projections. Revenue also exceeded forecasts, reaching $107.4 million compared to the anticipated $88.31 million, a 21.62% surprise. These results highlight AerSale’s strong performance and ability to outperform market expectations. The earnings report did not include any mention of mergers or acquisitions. Analysts have not provided any recent upgrades or downgrades for the company. These developments are significant for investors as they reflect AerSale’s financial health and operational success.
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