Form 4: AeroVironment Inc. Executive Brian Charles Shackley Reports Stock Transactions
SEC Form 4 Filing
Brian Charles Shackley, VP and Chief Accounting Officer of AeroVironment Inc., reports the vesting of performance-based restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- On June 26, 2024, Brian Charles Shackley, VP and Chief Accounting Officer of AeroVironment Inc., reported transactions involving the company's common stock.
- These transactions include the vesting of 665 Performance Restricted Stock Units (PRSUs), which converted into 448 shares of common stock.
- Following the vesting, 165 shares were disposed of to satisfy tax withholding obligations at a price of $192.81 per share.
- After these transactions, Shackley beneficially owns 3,595 shares of AeroVironment Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership adjustments.
Key Dates
| Date | Description |
|---|---|
| May 1, 2021 | Start date of the three-year performance period for the Performance Restricted Stock Units (PRSUs). |
| April 30, 2024 | End date of the three-year performance period for the Performance Restricted Stock Units (PRSUs). |
| June 26, 2024 | Date of the reported transactions: vesting of PRSUs and stock disposal for tax obligations. |
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