Katzman James C 4

What Happened James C. Katzman, a director of Applied Aerospace & Defense, Inc. (AADX), reported two transactions on June 4, 2026. He purchased 25,000 shares in an open market/private purchase at $20.00 per share for a total cash outlay of $500,000 (code P). He also received a grant of 4,250 Restricted Share Units (RSUs) with a reported grant value of $85,000 (4,250 RSUs × $20.00) (code A). The purchase is a direct acquisition of common stock; the RSUs are a non‑immediate award that vests later.

Key Details

• Transaction date: June 4, 2026. Filing date/period of report: June 4, 2026 (Accession 0001193125-26-257841).
• Open-market/private purchase: 25,000 shares at $20.00 each, total $500,000. (Code P)
• Award/grant: 4,250 RSUs at $20.00 each, grant value $85,000. (Code A)
• Shares owned after the transactions: not specified in the supplied filing details.
• Footnote F1 (RSUs): Each RSU represents the contingent right to one share upon vesting; RSUs vest on the first anniversary of the grant or the day before the next Annual Meeting if sooner, subject to continuous board service; vested RSUs will be settled in shares within 30 days of vesting.
• Footnote F2 (purchase): Shares were purchased under the directed share program in connection with the issuer's initial public offering.
• No late filing indication provided in the supplied information (filing and transaction dates are the same).

Context RSUs are not immediately issued shares — they convert to common stock only upon vesting and fulfillment of service conditions described in the footnote. The 25,000-share purchase was a straight acquisition of common stock (not an option exercise or sale). Purchases by insiders are often watched by investors as a potential indicator of confidence, but this summary is purely factual and does not speculate on motives.