Wahid Nawabi - Jun 26, 2024 Form 4 Insider Report for AeroVironment Inc (AVAV)

Role
Chair, President and CEO, Director
Signature
Colby Petersen, attorney-in-fact
Stock symbol
AVAV
Transactions as of
Jun 26, 2024
Transactions value $
-$1,002,034
Form type
4
Date filed
6/26/2024, 09:36 PM
Previous filing
Jul 12, 2023
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVAV Common Stock Options Exercise $0 +11.8K +15.03% $0.00 90.2K Jun 26, 2024 Direct F1
transaction AVAV Common Stock Tax liability -$1M -5.2K -5.76% $192.81 85K Jun 26, 2024 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 +17.5K $0.00* 0 Jun 26, 2024 Common Stock 17.5K $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, 2021 and ending on April 30, 2024. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% 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 11,788 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.