---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-027545"
form_type: "8-K"
ticker: "FTAI"
cik: "0001590364"
company_name: "FTAI Aviation Ltd."
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T08:04:34.050625+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FTAI Aviation internalizes management, pays FIG LLC $150M + 1.87M shares; targets $30M annual savings

## Summary
- $150M cash + 1,866,949 shares to FIG LLC to terminate management agreement, effective May 28, 2024.
- Estimated $30M initial annualized cost savings from internalization; company now internally managed.
- CEO Joe Adams ($975K salary) and CFO Angela Nam ($525K) stay; new 3-year employment letters with RSU grants.
- Director Kenneth Nicholson resigned, not due to any disagreement.
- Transition services from FIG LLC provided until Oct 31, 2024; financial statement support until May 31, 2025.

## SEC filing metadata
- accession: 0001140361-24-027545
- form_type: 8-K
- ticker: FTAI
- cik: 0001590364
- company_name: FTAI Aviation Ltd.
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 1.02, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590364/000114036124027545/0001140361-24-027545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590364/000114036124027545/ny20030051x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-027545
- JSON: https://secwatch.observer/filing/0001140361-24-027545.json
- Plain text: https://secwatch.observer/filing/0001140361-24-027545.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.