Aviat Networks (AVNW) CEO Pete Smith Withholds 9,927 Shares for Taxes

What Happened

• Pete A. Smith, President and CEO of Aviat Networks (AVNW), had 9,927 shares withheld to satisfy tax withholding obligations related to the vesting of a restricted stock grant. The shares were valued at $20.73 each, totalling approximately $205,787.
• This was a tax-withholding disposition (Form 4 code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-12; Form 4 filed: 2026-09-14 (appears timely).
• Price per share: $20.73; shares withheld/disposed: 9,927; total value: ~$205,787.
• Post-transaction shares owned: Not disclosed in this filing.
• Footnote: F1 — Represents shares withheld to cover taxes on the vesting of a restricted grant.
• Transaction type: Tax withholding (code F) — administrative disposition, not a signal of buying/selling intent.

Context

• Withholding shares to cover taxes is a common administrative step when restricted stock vests; it reduces the insider’s outstanding shares but does not necessarily reflect a view on the company’s stock.
• Retail investors typically treat these transactions as routine and not the same as voluntary open-market sales or purchases.