Form 4: Aviat Networks CFO Michael Connaway Reports Routine Stock Transaction for Tax Obligations

Aviat Networks' Chief Financial Officer, Michael Connaway, reported the disposition of 2,638 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• Michael Connaway, SVP & Chief Financial Officer of Aviat Networks, Inc. (AVNW), reported a transaction on June 5, 2025.
• The transaction involved the disposition of 2,638 shares of Aviat Networks Common Stock.
• These shares were withheld by the company to cover tax withholding obligations associated with the vesting of his Restricted Stock Units (RSUs).
• The shares were valued at $21.7 per share for the purpose of this transaction.
• Following this transaction, Mr. Connaway beneficially owns 55,255 shares of Aviat Networks Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event for tax withholding related to RSU vesting, which is neutral in sentiment. It does not indicate a change in management's view of the company's prospects.

Positives

• The transaction is a non-discretionary event, indicating compliance with tax obligations related to RSU vesting rather than a voluntary sale of shares.
• The CFO continues to hold a significant number of shares (55,255), maintaining alignment with shareholder interests.

Negatives

• A reduction of 2,638 shares from the CFO's direct beneficial ownership.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not a voluntary sale indicating a change in confidence.

Key Dates

Keywords

Aviat Networks, AVNW, Form 4, Insider Transaction, Michael Connaway, CFO, Restricted Stock Units, RSU, Tax Withholding, Beneficial Ownership