---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-054039"
form_type: "8-K"
ticker: null
cik: "0001487712"
company_name: "AIR LEASE CORP"
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:03:00.005156+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Air Lease founder Steven Udvar-Házy to retire as Executive Chairman, become non-executive Chairman on May 2, 2025

## Summary
- Steven Udvar-Házy to retire as Executive Chairman effective May 2, 2025; will serve as non-executive Chairman until 2026 annual meeting.
- Retirement package includes salary continuation at $1.8M/yr for 2 years, ~$5.6M cash bonus (2x avg bonus), prorated 2025 bonus, and continued RSU vesting.
- Udvar-Házy subject to 6-month non-competition, non-solicitation, and mutual non-disparagement obligations.
- Press release highlights $32B total assets, $28B fleet, $17B orderbook; management expresses confidence in future growth.
- Letter agreement supersedes prior severance agreement and Irish employment agreement for benefits.

## SEC filing metadata
- accession: 0001193125-25-054039
- form_type: 8-K
- cik: 0001487712
- company_name: AIR LEASE CORP
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487712/000119312525054039/0001193125-25-054039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487712/000119312525054039/d922933d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-054039
- JSON: https://secwatch.observer/filing/0001193125-25-054039.json
- Plain text: https://secwatch.observer/filing/0001193125-25-054039.txt

## Key facts
- Executive change
  Steven Udvar-Házy retired as Executive Chairman at AIR LEASE CORP.
  - Action: retired
  - Role: Executive Chairman
  source text: On March 13, 2025, Mr. Steven Udvar-Házy notified Air Lease Corporation (the “Company”) of his intent to retire from his position as Executive Chairman of the Company effective as of the date of the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”), currently expected to be held on May 2, 2025 (the “Retirement Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487712/000119312525054039/0001193125-25-054039-index.htm

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