Form 4: Aviat Networks SVP Croke Sells Shares for Tax
Insider Transaction Report
Aviat Networks' SVP of Product and Innovation, Gary Croke, disposed of 504 shares of common stock to cover tax obligations related to RSU and PSU vesting.
Summary
- Gary Croke, SVP of Product and Innovation at Aviat Networks, Inc. (AVNW), reported a transaction on September 1, 2025.
- The transaction involved the disposition of 504 shares of Common Stock at a price of $22.96 per share.
- These shares were withheld to cover tax withholding obligations in connection with the vesting of Restricted Stock Units (RSU) and Performance Stock Units (PSU).
- Following this transaction, Gary Croke beneficially owns 44,654 shares of Common Stock.
- The filing notes that 1,050 Performance Stock Units (PSUs) were reported on September 6, 2022, with 1,049 shares achieved and released, resulting in a one-share adjustment to the total shares beneficially owned.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary insider transaction for tax purposes upon equity award vesting. This type of transaction is neutral in terms of company performance or insider sentiment, as it is a mandatory event rather than a discretionary sale or purchase.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine insider transaction report (Form 4) detailing a non-discretionary sale of shares for tax purposes upon vesting of equity awards. It does not provide insights into broader industry trends or competitive positioning for Aviat Networks, which operates in the microwave and millimeter wave networking solutions sector.
Stakeholder Impact
- Shareholders: The transaction represents a minor dilution from the perspective of shares outstanding, but it is a standard part of executive compensation and tax management. It does not indicate a change in management's confidence or the company's operational performance.
- Employees: The vesting of RSUs and PSUs is a common form of employee compensation, aligning employee interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/06/2022 | Date when 1,050 Performance Stock Units (PSUs) were originally reported. |
| 09/01/2025 | Date of the reported transaction, involving the disposition of shares for tax withholding related to RSU and PSU vesting. |
| 09/03/2025 | Date the Form 4 was signed by Peter Tomkie, as attorney-in-fact for Gary Croke. |
Keywords
Aviat Networks, AVNW, Gary Croke, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, SVP Product and Innovation
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