Form 4: Aviat Networks Executive Receives Significant Restricted Stock Unit Grant

Aviat Networks' SVP of Product and Innovation, Gary Croke, was granted 16,447 Restricted Stock Units, vesting ratably over three years.

Summary

• Gary Croke, the Senior Vice President of Product and Innovation at Aviat Networks, Inc. (AVNW), was granted 16,447 shares of common stock.
• This grant, dated July 7, 2025, is in the form of Restricted Stock Units (RSUs).
• The RSU shares will vest on an annual basis ratably over a three-year period from the grant date.
• The transaction price for the RSU grant was $0 per share.
• Following this transaction, Gary Croke beneficially owns a total of 45,340 shares of Aviat Networks common stock.
• A Power of Attorney was executed on May 8, 2025, by Gary Croke, appointing Peter Tomkie as his attorney-in-fact to execute and file SEC Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 7

Explanation: The RSU grant to a key executive is a positive sign for management retention and alignment with long-term shareholder interests, reflecting standard compensation practices.

Positives

• The grant of Restricted Stock Units (RSUs) to a key executive like Gary Croke aligns management's interests with long-term shareholder value.
• The three-year vesting schedule encourages executive retention and sustained performance, providing a long-term incentive.

Future Outlook

The RSU shares will vest ratably over three years from the grant date, indicating a long-term incentive for the executive and aligning their interests with the company's future performance and value creation.

Industry Context

The grant of Restricted Stock Units to a senior executive is a common practice in the technology and telecommunications industry to attract, retain, and incentivize key talent, aligning their compensation with the long-term success and shareholder value creation of the company.

Comparison to Industry Standards

• Equity compensation, particularly through RSU grants with multi-year vesting schedules, is a standard practice across the technology and telecommunications sectors for executive retention and performance alignment.
• This type of award is consistent with compensation strategies observed at comparable companies such as Ericsson, Nokia, and Cisco, which frequently utilize similar long-term incentive plans for their senior leadership.

Stakeholder Impact

• Shareholders: Potential positive impact due to enhanced executive retention and alignment of management's interests with long-term company performance and shareholder value creation.

Next Steps

• The RSU shares will vest annually over three years from the grant date of July 7, 2025.

Key Dates

Keywords

Aviat Networks, AVNW, Gary Croke, Restricted Stock Units, RSU grant, Executive compensation, Insider transaction, Form 4, Equity award