PETE A. SMITH - 31 Dec 2023 Form 4 Insider Report for AVIAT NETWORKS, INC. (AVNW)

Role
President and CEO
Signature
/s/ Ryan Musumeci, as attorney-in-fact
Issuer symbol
AVNW
Transactions as of
31 Dec 2023
Net transactions value
-$539,772
Form type
4
Filing time
02 Jan 2024, 19:04:10 UTC
Previous filing
08 Sep 2023
Next filing
07 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNW Common Stock Award $0 +42,000 +19% $0.000000 257,726 31 Dec 2023 Direct F1
transaction AVNW Common Stock Tax liability $539,772 -16,527 -6.4% $32.66 241,199 31 Dec 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance measure - closing stock price is greater than or equal to $60.00 per share for three consecutive days by December 31, 2022. Once performance measure is achieved the award vested on December 31, 2023. As previously reported on 1/20/2021, 21,000 shares were originally granted. These shares were adjusted to 42,000 shares by the April 7, 2021, 2 for 1 Stock dividend.
F2 Shares withheld to cover tax withholding obligation due to the vesting of PSUs.