Form 4: AeroVironment CFO Kevin Patrick McDonnell Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
AeroVironment's CFO, Kevin Patrick McDonnell, sold 511 shares of common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 1, 2024, Kevin Patrick McDonnell, the Senior VP and CFO of AeroVironment Inc, sold 511 shares of the company's common stock.
- The sale was executed at a weighted average price of $178.45 per share, with individual sales occurring in the range of $175.25 to $183.77.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 19, 2024.
- Following the transaction, McDonnell directly owns 21,334 shares of AeroVironment Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals, though sales under 10b5-1 plans are less informative since they are pre-scheduled.
Key Dates
| Date | Description |
|---|---|
| March 19, 2024 | Date Mr. McDonnell adopted the Rule 10b5-1 trading plan |
| July 01, 2024 | Date of the transaction (sale of shares) |
| July 02, 2024 | Date of the signature on the Form 4 filing |
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