Trace E. Stevenson - Jun 26, 2024 Form 4 Insider Report for AeroVironment Inc (AVAV)

Role
Sr. VP
Signature
Colby Petersen, attorney-in-fact
Stock symbol
AVAV
Transactions as of
Jun 26, 2024
Transactions value $
-$46,274
Form type
4
Date filed
6/26/2024, 09:50 PM
Previous filing
Mar 8, 2024
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVAV Common Stock Options Exercise $0 +673 +26.19% $0.00 3.24K Jun 26, 2024 Direct F1
transaction AVAV Common Stock Tax liability -$46.3K -240 -7.4% $192.81 3K Jun 26, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVAV Performance Restricted Stock Awards Options Exercise $0 +998 $0.00* 0 Jun 26, 2024 Common Stock 998 $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2021 and ending on April 30, 2024. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.
F2 Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
F3 Upon conversion of the PRSUs, the Reporting Person received 673 shares of common stock.
F4 Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.