Form 4: AeroVironment Director Stephen Page Granted Restricted Stock Award Valued at Over $169,000

AeroVironment Inc. Director Stephen F. Page was granted 609 shares of common stock as a restricted stock award, valued at approximately $169,000, vesting over three years.

Summary

• Stephen F. Page, a Director of AeroVironment Inc. (AVAV), acquired 609 shares of common stock.
• The acquisition was a Restricted Stock Award (RSA) and occurred on June 27, 2025.
• The shares were acquired at a price of $278.07 per share, totaling approximately $169,074.63.
• Following this transaction, Mr. Page directly beneficially owns 33,911 shares of common stock.
• Additionally, Mr. Page indirectly beneficially owns 20,795 shares through the Stephen F. Page Living Trust, for which he is the trustee.
• The Restricted Stock Awards are scheduled to vest in three equal installments on July 11, 2026, July 11, 2027, and July 11, 2028.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While it represents a cost to the company (compensation), it aligns the director's interests with shareholders and is a standard practice. The transaction size is not significant enough to materially impact the company's financial standing or stock price.

Positives

• The restricted stock award aligns the director's interests with those of the shareholders, as the value of the award is tied to the company's stock performance.
• It represents a form of compensation for the director's service to the company.

Negatives

• The issuance of new shares for compensation can result in minor dilution for existing shareholders, though the amount in this specific transaction is negligible.

Future Outlook

The restricted stock awards granted to Director Stephen F. Page are scheduled to vest in three equal annual installments, beginning on July 11, 2026, and concluding on July 11, 2028, indicating future share allocations.

Industry Context

This Form 4 filing details an individual insider transaction, which is a routine disclosure for publicly traded companies. It does not provide broader insights into industry trends or competitive landscape, but rather reflects standard executive compensation practices within the aerospace and defense sector.

Related Party Transactions

• The transaction involves Stephen F. Page, a Director of AeroVironment Inc., receiving a restricted stock award, which is a common form of related-party compensation.

Stakeholder Impact

• Shareholders: Minor, negligible dilution from the issuance of new shares for compensation. The award aligns the director's interests with shareholder value.
• Director (Stephen F. Page): Positive impact as it represents compensation and an increase in equity ownership in the company.

Next Steps

• First tranche of restricted stock awards will vest on July 11, 2026.
• Second tranche of restricted stock awards will vest on July 11, 2027.
• Third tranche of restricted stock awards will vest on July 11, 2028.

Key Dates

Keywords

AeroVironment, AVAV, Stephen F. Page, Restricted Stock Award, Insider Trading, SEC Form 4, Director Compensation, Equity Grant, Stock Vesting