Audrey A. McNiff - Nov 15, 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: Nov 15, 2021
Transactions value $: $27,250
Form type: 4
Date filed: 11/17/2021, 03:54 PM
Previous filing: Aug 18, 2021
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJRD	Common Stock	Award	$18.2K	+417	+10.02%	$43.60	4.58K	Nov 15, 2021	Direct	F1
transaction	AJRD	Common Stock	Award	$9.07K	+208	+4.54%	$43.60	4.79K	Nov 15, 2021	Direct	F2
holding	AJRD	Common Stock						3.59K	Nov 15, 2021	By Rabbi Trust

* 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 receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the additional common stock received by this Reporting Person in lieu of her annual cash retainer fee paid quarterly.
F2	Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of her cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation she 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.

Content

Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the additional common stock received by this Reporting Person in lieu of her annual cash retainer fee paid quarterly.

Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of her cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation she 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.