One more thing, play it at 0.25x speed at 4:03 - then frame by frame it (double tap) until you see the hip mounted altimeter - white clock with a red "pie". It's visible for a few frames.. just, gold. (If his left hand has filled the frame you've gone just too far, still at 4:03.)

Sure, a perfectly normal thing for a pilot to wear on a not at all pre-coreographed free fall plane ditch.