Company: AIRTP
Filing Date: 2025-07-03
Form Type: DEF 14A
Source: 0000353184-25-000055
Chunk: 28

Company: AIR T INC
Filing Date: 2025-07-03
Form: DEF 14A
Chunk 28
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valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments for Mr. Swenson are as follows:

| Year 
 2025 |     | Year End Fair Value of Equity Awards Granted in the Year and Outstanding and Unvested at Year End 
 ($)                                                                                               |     | 0 |     | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards 
 ($)                                                                           |     | (477,971) |     | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year 
 ($)                                                                           |     | 0 |     | Change in Fair Value to the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year 
 ($)                                                                                                      |     | 0 |     | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year 
 ($)                                                                                                         |     | (3,937) |     | Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation 
 ($)                                                                                                                             |     | 0 |     | Total Equity Award Adjustments 
 ($)                            |     | (481,907) |
|:-----|:----|:--------------------------------------------------------------------------------------------------|:----|--:|:----|:------------------------------------------------------------------------------|:----|----------:|:----|:------------------------------------------------------------------------------|:----|--:|:----|:---------------------------------------------------------------------------------------------------------|:----|--:|:----|:------------------------------------------------------------------------------------------------------------|:----|--------:|:----|:--------------------------------------------------------------------------------------------------------------------------------|:----|--:|:----|:-------------------------------|:----|----------:|
| 2024 |     |                                                                                                   |     | 0 |     |                                                                               |     |  -296,054 |     |                                                                               |     | 0 |     |                                                                                                          |     | 0 |     |                                                                                                             |     | -56,093 |     |                                                                                                                                 |     | 0 |     |                                |     |  -352,147 |
| 2023 |     |                                                                                                   |     | 0 |     |                                                                               |     |       375 |     |                                                                               |     | 0 |     |                                                                                                          |     | 0 |     |                                                                                                             |     | -80,743 |     |                                                                                                                                 |     | 0 |     |                                |     |   -80,368 |

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