Amy L. Gowder - 21 Dec 2021 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC.

Role
Chief Operating Officer
Signature
/s/ Rebecca Bauer, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
21 Dec 2021
Net transactions value
-$457,419
Form type
4
Filing time
23 Dec 2021, 18:53:43 UTC
Next filing
15 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Options Exercise $0 +4,720 +46% $0.000000 14,874 21 Dec 2021 Direct F1
transaction AJRD Common Stock Options Exercise $0 +1,978 +13% $0.000000 16,852 21 Dec 2021 Direct F2
transaction AJRD Common Stock Award $0 +11,867 +70% $0.000000 28,719 21 Dec 2021 Direct F3
transaction AJRD Common Stock Tax liability $457,419 -9,776 -34% $46.79 18,943 21 Dec 2021 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 AJRD Restricted Stock Units Options Exercise $0 -4,720 -100% $0.000000* 0 21 Dec 2021 Common Stock 4,720 Direct F1
transaction AJRD Restricted Stock Units Options Exercise $0 -1,978 -100% $0.000000* 0 21 Dec 2021 Common Stock 1,978 Direct F2
transaction AJRD Restricted Stock Units Award $0 +5,489 $0.000000 5,489 21 Dec 2021 Common Stock 5,489 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2021, the Reporting Person was granted 4,720 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 1, 2022, March 1, 2023 and March 1, 2024, 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 May 4, 2020, the Reporting Person was granted 5,934 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 May 4, 2023, in connection with the transaction with Lockheed Martin as reported on the Form 8-K.
F3 On May 4, 2020, the Reporting Person was granted 35,606 performance RSUs, vesting upon achievement of certain performance metrics. On December 21, 2021, the Committee approved the acceleration of vesting of 11,867 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 RSUs granted to the Reporting Person on May 4, 2020 and March 1, 2021.
F5 Each restricted stock unit represents a contingent right to receive one share of Aerojet Rocketdyne Holdings, Inc. common stock.
F6 The restricted stock units vest in three equal annual installments beginning on February 28, 2023.