Karklin Kenneth D. 4
4 · AeroVironment Inc · Filed Jul 1, 2021
Insider Transaction Report
Form 4
Karklin Kenneth D.
VP & General Manager of EES
Transactions
- Exercise/Conversion
Common Stock
2021-06-29+1,705→ 14,341 total - Exercise/Conversion
Performance Restricted Stock Units
2021-06-29−1,592→ 0 totalExercise: $0.00From: 2021-06-29Exp: 2021-06-29→ Common Stock (1,592 underlying)
Footnotes (3)
- [F1]Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock. The resulting number of shares of the issuer's common stock acquired upon vesting of the PRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 1, 2018 and ending on April 30, 2021. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 200% of the target number of units, depending on performance.
- [F2]Unless earlier forfeited under the terms of the PRSU, each PRSU vests and converts into shares of the issuer's common stock upon certification by the Company's Compensation Committee of the achievement of the performance metrics of the PRSUs (the "Certification Date").
- [F3]Upon conversion of the PRSUs, the Reporting Person received 1,705 shares of common stock.