Eileen P. Drake - Mar 2, 2023 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role: CEO and President, Director
Signature: /s/ David A. Fox, attorney-in-fact
Stock symbol: AJRD
Transactions as of: Mar 2, 2023
Transactions value $: -$92,459
Form type: 4
Date filed: 3/6/2023, 08:41 PM
Previous filing: Mar 2, 2023
Next filing: Apr 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJRD	Common Stock	Award		+2.91K	+4.28%		70.9K	Mar 2, 2023	Direct	F1, F2
transaction	AJRD	Common Stock	Tax liability	-$92.5K	-1.64K	-2.32%	$56.24	69.3K	Mar 3, 2023	Direct
holding	AJRD	Common Stock						298K	Mar 2, 2023	EPD 2018 Trust Dated August 7, 2018

* 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 95,444 restricted stock units ("RSUs"), vesting upon the achievement of certain performance targets. On December 15, 2022, vesting of the Reporting Person's RSUs that would have vested on March 2, 2023 was accelerated at 145% of the performance target, as approved by the Organization & Compensation Committee of the Issuer's Board of Directors (the "Committee"). On February 27, 2023, the Committee certified achievement at 151.1% of the performance target and approved the vesting of additional RSUs.
F2	Each RSU represents a contingent right to receive one share of Aerojet Rocketdyne Holdings, Inc. common stock.

Content

On March 2, 2020, the Reporting Person was granted 95,444 restricted stock units ("RSUs"), vesting upon the achievement of certain performance targets. On December 15, 2022, vesting of the Reporting Person's RSUs that would have vested on March 2, 2023 was accelerated at 145% of the performance target, as approved by the Organization & Compensation Committee of the Issuer's Board of Directors (the "Committee"). On February 27, 2023, the Committee certified achievement at 151.1% of the performance target and approved the vesting of additional RSUs.

Each RSU represents a contingent right to receive one share of Aerojet Rocketdyne Holdings, Inc. common stock.