Nawabi Wahid 4

What Happened

• Nawabi Wahid, Chair, President & CEO and Director of AeroVironment (AVAV), had performance-based restricted stock units (PRSUs) convert into common shares on 2026-06-29. Two conversion entries show 57,672 and 23,069 shares acquired (total 80,741 shares) at $0.00 (PRSU conversion).
• To satisfy tax withholding obligations on the vested PRSUs, 28,265 shares were tendered/disposed at $139.00 per share, producing proceeds of $3,928,835 (net settlement). After the tax withholding, the reporting shows a net increase of 52,476 shares (80,741 acquired − 28,265 tendered).

Key Details

• Transaction date: 2026-06-29 (Form 4 filed 2026-06-30; appears timely).
• Acquisitions: 57,672 shares and 23,069 shares via conversion of PRSUs (derivative exercise/conversion, code M) at $0.00.
• Disposition: 28,265 shares tendered for tax withholding (code F) at $139.00, total $3,928,835.
• Net shares added: 52,476 (80,741 converted − 28,265 withheld).
• Shares owned after transaction: not stated in the provided data.
• Relevant footnotes:
  • F1–F4: These were Performance Restricted Stock Units that vested based on achievement of pre-set performance metrics over the 3-year period May 1, 2023–Apr 30, 2026 and converted into shares upon Compensation Committee certification.
  • F2 indicates the disposition was a net settlement (shares tendered to cover tax withholding), not an open-market sale.

Context

• These were not open-market purchases or opportunistic sales; the conversions reflect vested, performance-based awards, and the share disposition was to satisfy tax obligations via net settlement (common practice on vesting).
• Transaction codes: M = exercise/conversion of derivative (PRSUs converting to stock); F = tax withholding via share tender.
• Such vesting and net-settlement tax withholding are routine compensation events and do not by themselves indicate the insider’s view of the company’s stock beyond the fact of receiving performance-based shares.