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 1,952 shares of common stock on July 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 3, 2024, Pete A. Smith, the President and CEO of Aviat Networks, Inc., disposed of 1,952 shares of common stock.
- The transaction was executed to cover tax withholding obligations arising from the vesting of previously reported Restricted Stock Units.
- The shares were disposed of at a price of $28.04 per share.
- Following the transaction, Smith directly owns 240,247 shares of Aviat Networks common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax obligations) and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of the transaction where Pete A. Smith disposed of shares. |
| 07/05/2024 | Date of signature for the Form 4 filing. |
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