Form 4: AeroVironment CFO Reports Share Transactions, Including Tax-Related Disposition and Trust Transfer

AeroVironment Inc.'s CFO, Kevin Patrick McDonnell, reported recent transactions involving company common stock, including a disposition for tax obligations and a transfer to a living trust.

Summary

• Kevin Patrick McDonnell, CFO of AeroVironment Inc. (AVAV), reported changes in his beneficial ownership of company common stock.
• On July 11, 2025, 1,912 shares of common stock were disposed of at a price of $263.8 per share. This disposition was a net settlement to satisfy tax withholding obligations related to the vesting of previously issued Restricted Stock Awards.
• Following this disposition, Mr. McDonnell directly owned 6,695 shares.
• On July 15, 2025, Mr. McDonnell transferred 1,850 shares of common stock directly to the McDonnell Moore Living Trust for no consideration.
• Concurrently, the McDonnell Moore Living Trust received 1,850 shares of common stock from this transfer, also for no consideration.
• After these transactions, Mr. McDonnell directly owned 4,845 shares and indirectly owned 20,322 shares through the McDonnell Moore Living Trust.

Sentiment

Score: 5

Explanation: The document is a neutral, factual report of insider stock transactions, primarily related to tax obligations from vested equity and a transfer to a personal trust. It contains no positive or negative operational or financial news.

Positives

• The vesting of Restricted Stock Awards indicates prior equity compensation, aligning management's interests with shareholders.

Negatives

• Disposition of shares for tax purposes reduces direct ownership, though it is a common practice for equity compensation.

Future Outlook

This Form 4 filing reports past transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in conjunction with the vesting of previously issued Restricted Stock Awards.
• The transaction is a transfer of direct ownership of 1,850 shares of Common Stock, for no consideration, to the McDonnell Moore Living Trust.
• The transaction is the receipt of 1,850 shares of Common Stock, for no consideration, in the transfer referenced in Footnote 2.
• Shares are held by the McDonnell Moore Living Trust, of which Mr. McDonnell is one of the trustees. Mr. McDonnell disclaims beneficial ownership of any securities in which he does not have a pecuniary interest.

Industry Context

This Form 4 filing details routine insider transactions, specifically related to equity compensation and personal estate planning. It does not provide information relevant to broader industry trends or competitive dynamics within the aerospace and defense sector where AeroVironment operates.

Comparison to Industry Standards

• This document reports standard insider transactions related to equity compensation and personal trust transfers, which are common practices across all industries for executives receiving stock-based awards. There are no specific comparable companies, projects, or results detailed in this filing to assess against industry benchmarks.

Related Party Transactions

• Transfer of 1,850 shares of Common Stock to the McDonnell Moore Living Trust, of which Mr. McDonnell is a trustee, for no consideration.

Stakeholder Impact

• Shareholders: The transactions represent a minor change in the CFO's direct and indirect beneficial ownership, primarily due to tax obligations and estate planning, which is a routine occurrence for executives. It does not indicate a change in company fundamentals.

Key Dates

Keywords

AeroVironment, AVAV, Form 4, Insider Trading, Stock Transactions, CFO, Kevin Patrick McDonnell, Restricted Stock Awards, Equity Compensation, Trust Transfer