David Moreno

About David Moreno

David Moreno, 35, is FTAI Aviation’s Chief Operating Officer, serving since January 2021 and appointed a Section 16 executive officer on April 15, 2025; he holds a B.A. in Business Administration and an M.S. in Accounting from Babson College and serves on the board of High Turbine Technologies . Company performance context: in 2024, Total Shareholder Return translated a $100 initial investment to $315, Adjusted EBITDA was $862.05 million, and GAAP Net Income was -$32.079 million . The company prohibits hedging and pledging by executives under its Insider Trading Compliance Policy .

Past Roles

Organization	Role	Years	Strategic Impact
Fortress Investment Group – Private Equity Group	Various roles focused on aviation investments	2013–2021	Aviation investment execution experience supporting FTAI’s engine and leasing platform

External Roles

Organization	Role	Years	Strategic Impact
High Turbine Technologies	Board member	Current (as of 2025)	Industry adjacency and technology insight relevant to FTAI’s engine/parts strategy

Fixed Compensation

Specific base salary, target bonus, and cash compensation terms for David Moreno were not disclosed in the 2025 proxy or 8-K filings; compensation tables in the proxy cover the CEO and CFO only for 2024 following internalization .

Performance Compensation

Company incentive framework for named executive officers (NEOs) in 2025 (context for alignment; Moreno’s specific grant details not disclosed):

Incentive Type	Metric	Weighting	Target/Measurement	Payout Range	Vesting
Annual Incentive (Cash)	Adjusted EBITDA	75%	Pre-established goals for FY2025	0–200% of target	Cash in standard bonus cycle
Annual Incentive (Cash)	Individual performance	25%	Committee assessment	0–200% of target	Cash
Long-Term PSUs	Relative TSR vs S&P 400	50%	3-year period; 0–200% earn-out	0–200%	Earned PSUs vest in three annual tranches
Long-Term PSUs	Adjusted EPS	50%	3-year period; 0–200% earn-out	0–200%	Three annual tranches
Long-Term RSUs	Service-vesting	n/a	Time-based vesting	n/a	Three equal annual installments

Plan-level change-in-control mechanics: if awards are not assumed/substituted, unvested awards fully vest and performance conditions are measured at actual levels as of the change-in-control date; if assumed, awards continue per original terms, subject to standard adjustments .

Equity Ownership & Alignment

Anti-hedging and anti-pledging: Executives are prohibited from hedging FTAI securities and from pledging/margin accounts, with limited exceptions; this reduces forced-sale and misalignment risk .
Section 16 filings (ownership transparency and potential trading signals):

Date	Filing	Summary	Notes
04/16/2025	Form 3	Initial statement of beneficial ownership on becoming a Section 16 officer	Filed after Board appointment as a Section 16 officer
05/02/2025	Form 4	Statement of changes in beneficial ownership	Includes indirect ownership “By BVI Corp” entry; details filed under Accession No. 0000950170-25-062813
11/13/2025	Form 4	Statement of changes in beneficial ownership	Accession No. 0001590364-25-000045; signature by attorney-in-fact

Security ownership table in the proxy shows individual holdings for directors and NEOs; the “All directors, nominees and executive officers as a group (10 persons)” includes Moreno but does not break out his individual share count, so his precise beneficial ownership is not disclosed therein .

Employment Terms

Item	Detail
Appointment	Appointed principal operating officer and designated a Section 16 “officer” on April 15, 2025
Arrangements/Understandings	No arrangements or understandings with any person pursuant to which he was appointed
Related party transactions	Company not aware of any transactions requiring Item 404(a) disclosure
Family relationships	None with any director or executive officer

Investment Implications

Alignment: Anti-hedging/anti-pledging policy and a company-wide focus on Adjusted EBITDA (annual incentive) plus multi-year relative TSR and adjusted EPS (PSUs) suggest strong pay-for-performance design and reduced misalignment risk; however, Moreno’s specific compensation metrics, targets, and grant values are not disclosed yet, constraining direct assessment of his incentive intensity .
Retention and selling pressure: Existence of Form 3 and multiple Form 4s indicates active reporting; monitor future filings for transaction direction/size to gauge potential selling pressure or accumulation; the company’s prohibition on pledging reduces forced sale risk from margin calls .
Governance and conflicts: No related-party transactions or family relationships disclosed reduce conflict risk; change-in-control mechanics under the 2025 plan are standard, with full vesting if awards are not assumed and continued vesting if assumed, limiting uncertainty in a strategic event .
Next catalyst: Expect fuller disclosure of 2025 executive compensation (including any RSU/PSU grants to Moreno if applicable) in the 2026 proxy; until then, use Section 16 filings to track ownership changes and monitor incentive design spillover from NEO framework to broader executives .