Form 4: Aviat Networks Executive Reports Stock Transactions Following PSU Vesting

Gary Croke, VP of Marketing and PLM at Aviat Networks, reports acquisition and disposal of common stock related to performance-based restricted stock units (PSUs).

Summary

• On October 11, 2024, Gary Croke, VP of Marketing and PLM at Aviat Networks, reported transactions involving Aviat Networks common stock.
• Croke acquired 568 shares of common stock at $0 due to the vesting of Performance Restricted Stock Units (PSUs) granted on September 1, 2021, which achieved 141.67% for the three-year performance period.
• Concurrently, Croke disposed of 715 shares at $27.45 to cover tax withholding obligations related to the PSU vesting.
• Following these transactions, Croke beneficially owns 22,305 shares of Aviat Networks common stock directly.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to executive compensation. The PSU vesting exceeding targets is a slightly positive indicator.

Positives

• The vesting of PSUs indicates that performance targets were exceeded, achieving 141.67% of the goal.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates