Form 4: AeroVironment CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kevin Patrick McDonnell, Sr. VP and CFO of AeroVironment Inc, disposed of 2,171 shares of common stock to cover tax withholding obligations.
Summary
- On July 11, 2024, Kevin Patrick McDonnell, the Sr. VP and CFO of AeroVironment Inc, disposed of 2,171 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of previously issued Restricted Stock Awards.
- The shares were sold at a price of $175.34 per share.
- Following the transaction, McDonnell directly owns 19,163 shares of AeroVironment Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/11/2024 | Date of transaction: Kevin McDonnell disposed of shares. |
| 07/15/2024 | Date of signature on the Form 4 filing. |
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