Lance W. Lord - Aug 16, 2021 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role
Director
Signature
/s/ Rebecca A. Bauer, attorney-in-fact
Stock symbol
AJRD
Transactions as of
Aug 16, 2021
Transactions value $
$27,266
Form type
4
Date filed
8/18/2021, 05:05 PM
Previous filing
May 19, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Award $18.2K +428 +1.07% $42.47 40.3K Aug 16, 2021 By Rabbi Trust F1, F2
transaction AJRD Common Stock Award $9.09K +214 +0.53% $42.47 40.6K Aug 16, 2021 By Rabbi Trust F2, F3
holding AJRD Common Stock 0 Aug 16, 2021 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 his 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 his cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation he elects 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 additional grant of restricted shares.