Kevin P. Chilton - May 15, 2023 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role
Director
Signature
/s/ Tony Shin, attorney-in-fact
Stock symbol
AJRD
Transactions as of
May 15, 2023
Transactions value $
$84,311
Form type
4
Date filed
5/17/2023, 04:10 PM
Previous filing
Feb 17, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Award $56.2K +1K +3.63% $56.17 28.6K May 15, 2023 By Rabbi Trust F1, F2
transaction AJRD Common Stock Award $28.1K +500 +1.75% $56.17 29.1K May 15, 2023 By Rabbi Trust F2, F3
transaction AJRD Common Stock Award $0 +2.49K +8.57% $0.00 31.6K May 15, 2023 By Rabbi Trust F2, F4
holding AJRD Common Stock 0 May 15, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to elect to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the common stock this Reporting Person is entitled to receive in lieu of their annual cash retainer fee paid quarterly.
F2 Shares of common stock held by a "rabbi trust" receipt of which has been deferred by the Reporting Person pursuant to the Aerojet Rocketdyne Holdings, Inc. Deferred Compensation Plan for Directors.
F3 Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of their cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation they elect to receive in common stock. Such restricted shares will vest on the earlier of (i) the date of the Director's retirement from the Board, and (ii) one year after the grant date. The number of shares of common stock shown reflects the grant of restricted shares.
F4 Grant to Reporting Person of restricted stock under the Aerojet Rocketdyne Holdings, Inc. 2019 Equity and Performance Incentive Plan. Such shares of restricted stock will vest in 50% increments on November 15, 2023 and May 15, 2024.