Form 4: Aviat Networks CEO Pete Smith Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Aviat Networks CEO Pete Smith disposed of 3,213 shares of common stock on August 30, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- On August 30, 2024, Pete Smith, the President and CEO of Aviat Networks, Inc., disposed of 3,213 shares of the company's common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of RSUs.
- The shares were disposed of at a price of $27.45 per share.
- Following the transaction, Smith directly owns 231,859 shares of Aviat Networks common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting equity, which is a common occurrence.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the transaction where Pete Smith disposed of shares. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
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