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August 15, 2022
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TO: TWU American Airlines and Envoy Members
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RE: Equity Distribution
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Dear Sisters & Brothers:
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For those of you who were here and have received equity from the bankruptcy in the past, the American Airlines bankruptcy is now complete. As such, there will be one final equity distribution to eligible members that is expected to
take place on, or about, August 15, 2022.
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This final distribution will utilize the same historical methodology for percentage by member and the eligibility list remains the same as the previous distributions. Notice was previously provided, by TWU, informing you of the
initial determination of your eligibility for equity under the TWU Plan, and the payroll data relevant to calculating your equity share that was receivedfrom AA.
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This distribution will not be like those in the past, as the amounts going to the members will be somewhat de minimis since this is the remaining equity to close out the bankruptcy for the carrier. Eligible members will receive a check
for the cash portion and shares deposited in their Computershare account for the remainder of the stock award.
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Fraternally,
Gary Peterson
International Vice President
Air Division Director
Per Labor Relations:
if you receive questions regarding what members have for their equity distribution on Jetnet, please either call the payroll service center at 1-800-447-2000 option 1 then 6, or email PSC@aa.com.
Also, this is the stock award, so the shares went into your Computershare accounts. This is the tax that was paid in selling enough shares to cover taxes. We provide this for W2 purposes.
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