Form 4: AeroVironment CFO Kevin McDonnell Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
AeroVironment's CFO, Kevin McDonnell, disposed of 304 shares of common stock on April 4, 2024, to cover tax obligations related to vesting restricted stock awards.
Summary
- On April 4, 2024, Kevin Patrick McDonnell, the Senior VP and CFO of AeroVironment Inc, disposed of 304 shares of common stock.
- The transaction was executed at a price of $146.42 per share.
- The disposition was made to satisfy tax withholding obligations related to the vesting of previously issued Restricted Stock Awards.
- Following the transaction, McDonnell directly owns 16,204 shares of AeroVironment Inc.
- The transaction was reported on April 8, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock transaction for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Kevin McDonnell disposed of 304 shares of common stock. |
| 04/08/2024 | Date of report filing. |
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