Form 4: Aviat Networks Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gary Croke, VP of Marketing and PLM at Aviat Networks, sold shares to cover tax obligations related to vesting RSUs.
Summary
- On August 30, 2024, Gary Croke, VP of Marketing and PLM at Aviat Networks, sold 293 shares of common stock at a price of $27.45.
- The sale was executed to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Croke directly owns 22,452 shares of Aviat Networks.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Gary Croke sold 293 shares of Aviat Networks common stock. |
| 09/03/2024 | Date of signature on the Form 4 filing. |
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