Daniel L. Boehle - Dec 21, 2021 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role
CFO, VP and Controller
Signature
/s/ Rebecca Bauer, Attorney-in-Fact
Stock symbol
AJRD
Transactions as of
Dec 21, 2021
Transactions value $
-$476,463
Form type
4
Date filed
12/23/2021, 06:50 PM
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Options Exercise $0 +361 +1.09% $0.00 33.5K Dec 21, 2021 Direct F1
transaction AJRD Common Stock Options Exercise $0 +1.91K +5.72% $0.00 35.4K Dec 21, 2021 Direct F2
transaction AJRD Common Stock Award $0 +6.5K +18.36% $0.00 41.9K Dec 21, 2021 Direct F3
transaction AJRD Common Stock Tax liability -$332K -7.09K -16.91% $46.79 34.8K Dec 21, 2021 Direct F4
transaction AJRD Common Stock Award $0 +5.49K +15.77% $0.00 40.3K Dec 21, 2021 Direct F5
transaction AJRD Common Stock Award $0 +32.9K +81.71% $0.00 73.2K Dec 21, 2021 Direct F6
transaction AJRD Common Stock Tax liability -$145K -3.1K -4.23% $46.79 70.1K Dec 21, 2021 Direct F7

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 AJRD Restricted Stock Units Options Exercise $0 -361 -100% $0.00* 0 Dec 21, 2021 Common Stock 361 Direct F1
transaction AJRD Restricted Stock Units Options Exercise $0 -1.91K -100% $0.00* 0 Dec 21, 2021 Common Stock 1.91K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2020, the Reporting Person was granted 1,083 restricted stock units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date. On December 21, 2021, the Organization & Compensation Committee of the Issuer's Board of Directors (the "Committee") approved the acceleration of vesting of the Reporting Person's RSUs that would have vested on March 2, 2023, in connection with the transaction with Lockheed Martin as reported on the Issuer's Form 8-K filed on December [23], 2021 (the "Form 8-K").
F2 On August 7, 2020, the Reporting Person was granted 5,741 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. On December 21, 2021, the Committee approved the acceleration of vesting of the Reporting Person's RSUs that would have vested on August 7, 2023, in connection with the transaction with Lockheed Martin as reported on the Form 8-K.
F3 On March 2, 2020, the Reporting Person was granted 6,500 performance RSUs, vesting upon achievement of certain performance metrics. On December 21, 2021, the Committee approved the acceleration of vesting of the RSUs in connection with the transaction with Lockheed Martin as reported on the Form 8-K.
F4 Shares relinquished to pay withholding taxes payable in connection with the vesting of (i) shares of restricted stock granted to the Reporting Person on February 28, 2019, and (ii) RSUs granted to the Reporting Person on March 2, 2020 and August 7, 2020.
F5 Grant to the Reporting Person of restricted stock under the 2019 Equity and Performance Incentive Plan. Restricted stock will vest in three equal annual installments beginning on February 28, 2023.
F6 Grant to the Reporting Person of restricted stock under the 2019 Equity and Performance Incentive Plan. Restricted stock will vest on February 28, 2025, based on meeting of certain performance targets.
F7 Shares relinquished to pay withholding taxes payable in connection with an election made pursuant to Section 83(b) of the Internal Revenue Code with respect to the grants of restricted stock on December 21, 2021.