Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-14

FTAI Aviation (FTAI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,131,546
David Moreno total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
94.72%
Say-on-pay support, latest vote
Companies that benchmark against FTAI
No companies currently name FTAI as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Moreno$650,000$0$3,065,394$0$2,400,000$0$16,152$6,131,546
President
Joseph Adams Jr.975,00002,647,25402,340,000026,1525,988,406
Chief Executive Officer and Chairman of the Board
Stacy Kuperus550,00001,671,98001,200,000014,1963,436,176
Chief Operating Officer
Eun Nam525,0000223,08501,050,000016,1521,814,237
Former Chief Financial Officer and Chief Accounting Officer
BoHee Yoon400,0000334,6270800,0000169,3421,703,969
General Counsel and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
David Moreno$6,131,546
Joseph Adams Jr.5,988,406
Stacy Kuperus3,436,176
Eun Nam1,814,237
BoHee Yoon1,703,969

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Joseph Adams Jr.PSU2025-02-284,5819,16118,322$1,459,714
Joseph Adams Jr.RSU2025-02-289,1611,187,540
Eun NamPSU2025-02-283867721,544123,010
Stacy KuperusRSU2025-02-285,786750,039
Stacy KuperusPSU2025-02-282,8925,78611,568921,941
David MorenoRSU2025-02-2810,6081,375,115
David MorenoPSU2025-02-285,30410,60821,2161,690,279
Eun NamRSU2025-02-28772100,074
BoHee YoonPSU2025-02-285791,1582,316184,516
BoHee YoonRSU2025-02-281,158150,112
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joseph Adams Jr.$1,187,540$1,459,714$055.1%
Eun Nam100,074123,010055.1%
Stacy Kuperus750,039921,941055.1%
David Moreno1,375,1151,690,279055.1%
BoHee Yoon150,112184,516055.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David MorenoRSU150,000$29,527,500
Stacy KuperusRSU65,00012,795,250
Joseph Adams Jr.PSU39,0007,677,150
Joseph Adams Jr.RSU38,9997,676,953
David MorenoRSU25,0004,921,250
David MorenoPSU18,0003,543,300
Stacy KuperusRSU15,0002,952,750
David MorenoRSU10,6082,088,184
David MorenoPSU10,6082,088,184
Joseph Adams Jr.RSU9,1611,803,343
Joseph Adams Jr.PSU9,1611,803,343
Stacy KuperusPSU5,7861,138,580
Stacy KuperusPSU8,0001,574,800
Eun NamPSU6,0001,181,100
Stacy KuperusRSU5,7861,138,580
Eun NamRSU4,149816,730
BoHee YoonPSU2,000393,700
BoHee YoonRSU1,565308,267
BoHee YoonRSU1,158227,952
BoHee YoonPSU1,158227,952
Eun NamRSU772151,968
Eun NamPSU772151,968
David MorenoOption25,00079.13
Stacy KuperusOption15,00079.13
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to support a strong pay-for-performance philosophy over both the short and long term. The program is structured to attract, retain, and motivate top talent who can execute on our strategic and financial objectives and drive sustained shareholder value.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2880,859,6074,510,52341,21394.72%Passed
20252025-05-2975,378,1048,272,85537,51890.11%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2894.72%a
20252025-05-2990.11%b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Judith A. HannawayIndependent · Lead Independent Director · Audit · Compensation · Nominating and Corporate Governance (Chair)$132,033$0$145,000$277,033
Paul R. GoodwinIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance60,00060,000145,000265,000
Ray M. RobinsonIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance86,25028,750145,000260,000
A. Andrew LevisonIndependent · Compensation41,25041,250145,000227,500
Martin TuchmanIndependent · Nominating and Corporate Governance082,500145,000227,500
Shyam GidumalIndependent · Audit056,972145,000201,972
Joseph P. Adams JrEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$145,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)17,500 / 12,500 / 10,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$319,533
Equity awards (grant-date value)$269,472
All other compensation$870,000
Total cost of the board$1,459,005

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies FTAI Aviation names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including FTAI Aviation.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1BWX Technologies, Inc.2025Rex Geveden$1,100,000$6,736,928$5,333,242$2,110,000$15,742,833
2AeroVironment Inc.2026Wahid Nawabi1,118,82913,339,7150767,60915,253,775
3Curtiss-Wright Corporation2025Lynn Bamford1,100,0005,720,00005,139,70014,135,280
4HEICO Corporation2025Eric A. Mendelson1,281,00007,522,0743,062,03013,029,835
5Kratos Defense Security Solutions, Inc.2025Eric DeMarco1,000,0008,244,00001,500,00010,832,739
6Crane Co.2025Max Mitchell1,244,2315,480,7381,562,5061,840,20010,518,852
7Woodward Inc.2025Charles Blankenship, Jr.1,177,8875,898,69602,895,10010,482,876
8AAR Corp.2026John Holmes1,115,0004,637,8941,159,3102,408,4009,867,963
9Herc Holdings2025Lawrence Silber1,056,5385,500,03701,484,0008,289,126
10Hexcel Corp.2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
11FTAI Aviation2025David Moreno650,0003,065,39402,400,0006,131,546
12Triumph Group Inc.2024Daniel Crowley975,0003,412,50301,147,5755,606,058
13ESCO Technologies Inc.2025Bryan Sayler830,5003,052,88601,661,0005,586,139
14Kadant Inc2025Jeffrey Powell970,9003,036,18101,491,8005,519,261
Willis Lease Finance Corporationnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
FTAI Aviationnot disclosedRSU 50 · PSU 50not disclosednot disclosed
AAR Corp.180%PSU 60 · RSU 20 · Options 20YesSemler Brossy
AeroVironment Inc.62%PSU 65 · RSU 35NoPay Governance
BWX Technologies, Inc.153.5%PSU 60 · RSU 20 · Options 20NoExequity
Crane Co.122.7%PSU 55 · Options 25 · RSU 20NoFW Cook
Curtiss-Wright Corporation179%PSU 40 · Cash LTI 30 · RSU 30Yes — Three-year relative TSR against the peer groupFrederic W. Cook & Co., Inc.
ESCO Technologies Inc.200%PSU 70 · RSU 30NoPay Governance LLC
HEICO Corporationnot disclosedOptions 100not disclosedFW Cook
Herc Holdings100%PSU 60 · RSU 40NoFW Cook
Hexcel Corp.76.3%not disclosedNoSemler Brossy
Kadant Inc148%PSU 80 · RSU 20NoWillis Towers Watson
Kratos Defense Security Solutions, Inc.not disclosedRSU 50 · PSU 50NoBoard Advisory, LLC
Triumph Group Inc.107%PSU 70 · RSU 30NoPay Governance
Willis Lease Finance Corporationnot disclosednot disclosednot disclosednot disclosed
Woodward Inc.127%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to S&P MidCap 400 IndexFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David MorenoDEF 14A2026-04-150001140361-26-014789Section “COMPENSATION TABLES” · page 26. As printed: 6,131,546. Filing ↗machine: r4 · c21 · span 440040–440049
2Section 01, Joseph Adams Jr.DEF 14A2026-04-150001140361-26-014789Section “COMPENSATION TABLES” · page 26. As printed: 5,988,406. Filing ↗
3Section 01, Stacy KuperusDEF 14A2026-04-150001140361-26-014789Section “COMPENSATION TABLES” · page 26. As printed: 3,436,176. Filing ↗machine: r5 · c21 · span 444623–444632
4Section 01, Eun NamDEF 14A2026-04-150001140361-26-014789Section “COMPENSATION TABLES” · page 26. As printed: 1,814,237. Filing ↗
5Section 01, BoHee YoonDEF 14A2026-04-150001140361-26-014789Section “COMPENSATION TABLES” · page 26. As printed: 1,703,969. Filing ↗machine: r6 · c21 · span 448618–448627
6Section 03, Joseph Adams Jr. PSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Joseph Adams Jr. RSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Eun Nam PSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
9Section 03, Stacy Kuperus RSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 03, Stacy Kuperus PSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
11Section 03, David Moreno RSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
12Section 03, David Moreno PSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
13Section 03, Eun Nam RSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
14Section 03, BoHee Yoon PSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
15Section 03, BoHee Yoon RSUDEF 14A2026-04-150001140361-26-014789Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
16Section 08, Judith A. HannawayDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 277,033. Filing ↗machine: span 171752–171760
17Section 08, Paul R. GoodwinDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 265,000. Filing ↗machine: span 169150–169158
18Section 08, Ray M. RobinsonDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 260,000. Filing ↗machine: span 176591–176599
19Section 08, A. Andrew LevisonDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 227,500. Filing ↗machine: span 173997–174005
20Section 08, Martin TuchmanDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 227,500. Filing ↗machine: span 178717–178725
21Section 08, Shyam GidumalDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 201,972. Filing ↗machine: span 166907–166915
22Section 08, Joseph P. Adams JrDEF 14A2026-04-150001140361-26-014789Section “Director Compensation”. As printed: 0. Filing ↗
23Section 06, 2026 voteForm 8-K2026-05-290001140361-26-023226Item 5.07 · say-on-pay result. As reported: 94.72% (votes for as printed: 80,859,607). Filing ↗
24Section 06, 2025 voteForm 8-K2025-05-300001140361-25-020864Item 5.07 · say-on-pay result. As reported: 90.11% (votes for as printed: 75,378,104). Filing ↗
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 319,533 + equity 269,472 + all other 870,000 = 1,459,005, summed across the director compensation table rows.machine: formula: Σ = 1,459,005
27BWX Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-180001486957-26-000021CEO total compensation as printed in BWX Technologies, Inc.'s own proxy. As printed: 15,742,833. Filing ↗machine: span 897711–897721
28AeroVironment Inc., Section 10b CEO totalDEF 14A2026-08-140001104659-26-096689CEO total compensation as printed in AeroVironment Inc.'s own proxy. As printed: 15,253,775. Filing ↗machine: t127 · r1 · c42 · span 1424713–1424723
29Curtiss-Wright Corporation, Section 10b CEO totalDEF 14A2026-03-260000930413-26-000878CEO total compensation as printed in Curtiss-Wright Corporation's own proxy. As printed: 14,135,280. Filing ↗machine: t229 · r3 · c41 · span 584197–584207
30HEICO Corporation, Section 10b CEO totalDEF 14A2026-01-300001140361-26-003023CEO total compensation as printed in HEICO Corporation's own proxy. As printed: 13,029,835. Filing ↗machine: t238 · r2 · c25 · span 823252–823262
31Kratos Defense Security Solutions, Inc., Section 10b CEO totalDEF 14A2026-04-020001069258-26-000040CEO total compensation as printed in Kratos Defense Security Solutions, Inc.'s own proxy. As printed: 10,832,739. Filing ↗machine: span 783149–783159
32Crane Co., Section 10b CEO totalDEF 14A2026-03-130001193125-26-105005CEO total compensation as printed in Crane Co.'s own proxy. As printed: 10,518,852. Filing ↗machine: r3 · c35 · span 842112–842122
33Woodward Inc., Section 10b CEO totalDEF 14A2025-12-120001193125-25-317453CEO total compensation as printed in Woodward Inc.'s own proxy. As printed: 10,482,876. Filing ↗machine: t94 · r2 · c36 · span 1702439–1702449
34AAR Corp., Section 10b CEO totalDEF 14A2026-08-040001140361-26-031078CEO total compensation as printed in AAR Corp.'s own proxy. As printed: 9,867,963. Filing ↗machine: r2 · c28 · span 1642184–1642193
35Herc Holdings, Section 10b CEO totalDEF 14A2026-03-270001364479-26-000076CEO total compensation as printed in Herc Holdings's own proxy. As printed: 8,289,126. Filing ↗machine: r3 · c42 · span 424311–424320
36Hexcel Corp., Section 10b CEO totalDEF 14A2026-04-010001193125-26-135884CEO total compensation as printed in Hexcel Corp.'s own proxy. As printed: 7,252,875. Filing ↗machine: t152 · r2 · c40 · span 2524687–2524696
37FTAI Aviation (subject), Section 10b CEO totalDEF 14A2026-04-150001140361-26-014789CEO total compensation as printed in FTAI Aviation's own proxy. As printed: 6,131,546. Filing ↗machine: r4 · c21 · span 440040–440049
38Triumph Group Inc., Section 10b CEO totalDEF 14A2024-06-240000950170-24-076730CEO total compensation as printed in Triumph Group Inc.'s own proxy. As printed: 5,606,058. Filing ↗machine: r4 · c31 · span 906035–906044
39ESCO Technologies Inc., Section 10b CEO totalDEF 14A2025-12-100001104659-25-119876CEO total compensation as printed in ESCO Technologies Inc.'s own proxy. As printed: 5,586,139. Filing ↗machine: t222 · r4 · c8 · span 656741–656751
40Kadant Inc, Section 10b CEO totalDEF 14A2026-04-010000886346-26-000027CEO total compensation as printed in Kadant Inc's own proxy. As printed: 5,519,261. Filing ↗machine: t17 · r2 · c18 · span 358569–358578
41Section 10a, BWX Technologies, Inc. reciprocityDEF 14A0001486957-26-000021BWX Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
42Section 10a, Curtiss-Wright Corporation reciprocityDEF 14A0000930413-26-000878Curtiss-Wright Corporation's most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
43Section 10a, ESCO Technologies Inc. reciprocityDEF 14A0001104659-25-119876ESCO Technologies Inc.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
44Section 10a, HEICO Corporation reciprocityDEF 14A0001140361-26-003023HEICO Corporation's most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
45Section 10a, AAR Corp. reciprocityDEF 14A0001140361-26-031078AAR Corp.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
46Section 10a, Woodward Inc. reciprocityDEF 14A0001193125-25-317453Woodward Inc.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
47Section 10a, Triumph Group Inc. reciprocityDEF 14A0000950170-24-076730Triumph Group Inc.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
48Section 10a, Crane Co. reciprocityDEF 14A0001193125-26-105005Crane Co.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
49Section 10a, Herc Holdings reciprocityDEF 14A0001364479-26-000076Herc Holdings's most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
50Section 10a, Kratos Defense Security Solutions, Inc. reciprocityDEF 14A0001069258-26-000040Kratos Defense Security Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
51Section 10a, Kadant Inc reciprocityDEF 14A0000886346-26-000027Kadant Inc's most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗
52Section 10a, Hexcel Corp. reciprocityDEF 14A0001193125-26-135884Hexcel Corp.'s most recent proxy was read; its disclosed peer group does not include FTAI Aviation. Filing ↗