Trace E. Stevenson - Jun 28, 2023 Form 4 Insider Report for AeroVironment Inc (AVAV)

Role
Sr. VP
Signature
Colby Petersen, attorney-in-fact
Stock symbol
AVAV
Transactions as of
Jun 28, 2023
Transactions value $
-$14,017
Form type
4
Date filed
6/29/2023, 08:29 PM
Previous filing
Jun 28, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVAV Common Stock Options Exercise $0 +438 +12.83% $0.00 3.85K Jun 28, 2023 Direct F1
transaction AVAV Common Stock Tax liability -$14K -148 -3.84% $94.71 3.7K Jun 28, 2023 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 AVAV Performance Restricted Stock Awards Options Exercise $0 +1.27K $0.00* 0 Jun 28, 2023 Common Stock 1.27K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2020 and ending on April 30, 2023. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 200% of the target number of units, depending on performance.
F2 Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
F3 Upon conversion of the PRSUs, the Reporting Person received 438 shares of common stock.
F4 Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.