4Filed Sep 7, 8:00 PM ET
Aviat Networks (AVNW) CEO Pete A. Smith Receives RSU Award
$AVNW · AVIAT NETWORKS, INC.Research Summary
AI-generated summary of this SEC filing
Aviat Networks (AVNW) CEO Pete A. Smith Receives RSU Award
What Happened
Pete A. Smith, President and CEO of Aviat Networks (AVNW), received a grant of 60,041 restricted stock units (RSUs) on September 3, 2026. The award was granted at $0.00 per share (no cash paid at grant). This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-09-03; Form 4 filed: 2026-09-08 (filed five days after the transaction—Form 4s are typically due within 2 business days, so this appears late).
- Transaction type/code: Award/Grant (A).
- Shares: 60,041 RSUs; grant price reported as $0.00 (no upfront cash exchanged).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: RSUs vest ratably on an annual basis over 3 years from the grant date (per filing footnote).
Context
RSU grants are a form of executive compensation and vest over time; they do not represent an immediate market purchase or sale. Value to the insider (and any tax liability) will generally materialize as the RSUs vest and convert into shares.