Air Lease (AL) Proxy Filing summary

Executive summary

• Global commercial aircraft leasing platform with 117 airline customers across 62 countries at December 31, 2022.

• 2022 milestones included record revenue of $2.3B, $6.9B available liquidity, and 99.6% aircraft utilization.

Voting matters and shareholder proposals

• After a decline in 2022 say-on-pay support, engaged with holders of over 60% of outstanding shares to understand concerns and adjust compensation practices.

• Engagement led to more performance-weighted long-term awards, expanded disclosure of annual strategic performance goals, and a lower 2022 cash-bonus company factor.

Board of directors and corporate governance

• All directors except the Executive Chairman and CEO are independent; standing board committees are entirely independent, and an independent Lead Director has defined responsibilities.

• Directors are elected annually under a majority-vote standard, with mandatory resignation if not elected; the board conducts annual board and committee evaluations.

• Board includes three women, one from an underrepresented community; director candidate pools must include women and individuals from minority groups.