Aviat Networks (AVNW) CEO Pete Smith Receives Award; Shares Withheld
$AVNW · AVIAT NETWORKS, INC.Research Summary
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Aviat Networks (AVNW) CEO Pete Smith Receives Award; Shares Withheld
What Happened
Pete A. Smith, President and Chief Executive Officer of Aviat Networks (AVNW), received a grant/award of 27,647 shares on August 28, 2026 (reported as an acquisition at $0.00 per share). In connection with the vesting, 1,817 shares were surrendered/withheld to cover tax withholding at $20.00 per share, totaling $36,340. The Form 4 was amended to correct an earlier omission.
Key Details
- Transaction date(s): August 28, 2026 (award and tax withholding).
- Award: 27,647 shares acquired at $0.00 per share (restricted stock vesting).
- Tax withholding: 1,817 shares withheld/disposed at $20.00 per share = $36,340.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — this filing amends a Sep 1, 2026 Form 4 that inadvertently omitted additional shares acquired; F2 — the 1,817 shares represent withholding to cover taxes on the vesting.
- Filing status: Amended filing (correction of prior omission); initial report was filed Sep 1 and this amendment was filed Sep 25.
Context
This was a restricted-share award (not a cash purchase) and the surrender of 1,817 shares was a routine tax-withholding action (a disposal code for withholding, not an open-market sale). Amended/late filings correct disclosure but do not by themselves indicate insider intent to buy or sell additional shares.