4/A: AeroVironment Executive Amends Stock Grant Filing, Correcting RSA Count
Amendment to Statement of Changes in Beneficial Ownership
AeroVironment Inc.'s President of Autonomous Systems, Trace E. Stevenson, filed an amended SEC Form 4 to correct an overstatement in his previously reported Restricted Stock Award grant and total beneficial ownership.
Summary
- An amendment to a Form 4 filing was submitted by Trace E. Stevenson, President, Autonomous Systems of AeroVironment Inc.
- The amendment corrects an error in the original Form 4 filed on June 27, 2025.
- The original filing inadvertently overstated the number of Restricted Stock Awards (RSAs) granted to Mr. Stevenson.
- The correct number of RSAs granted on June 27, 2025, is 1,174.
- These RSAs will vest in three equal installments on July 11, 2026, July 11, 2027, and July 11, 2028.
- Due to this correction, the number of shares of Common Stock beneficially owned by Mr. Stevenson is 7,133, not the previously reported 8,140 shares.
Sentiment
Score: 5
Explanation: Neutral. The filing is an administrative correction of an error, neither inherently positive nor negative for the company's operations or financial health, but rather a procedural update.
Positives
- Correction of an administrative error ensures accurate public disclosure of executive equity holdings.
Negatives
- An initial administrative error in reporting executive equity grants required an amendment.
Future Outlook
No forward-looking statements or guidance are provided in this administrative filing.
Industry Context
This administrative filing is specific to an individual executive's equity compensation and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Grant Correction | Correction of the number of Restricted Stock Awards granted to an executive, ensuring accurate disclosure of beneficial ownership. | 06/27/2025 | Enhances transparency and accuracy of executive compensation disclosures. |
Stakeholder Impact
- Shareholders: Provides accurate information regarding executive equity holdings, enhancing transparency.
Next Steps
- Vesting of 1,174 Restricted Stock Awards in three equal installments on July 11, 2026, July 11, 2027, and July 11, 2028.
Key Dates
| Date | Description |
|---|---|
| 06/27/2025 | Date of original Restricted Stock Award grant and original Form 4 filing. |
| 07/11/2025 | Date of amended Form 4 filing. |
| 07/11/2026 | First vesting date for Restricted Stock Awards. |
| 07/11/2027 | Second vesting date for Restricted Stock Awards. |
| 07/11/2028 | Third and final vesting date for Restricted Stock Awards. |
Keywords
AeroVironment, AVAV, SEC Form 4/A, Restricted Stock Awards, RSA, Beneficial Ownership, Executive Compensation, Trace E. Stevenson, Autonomous Systems
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