Brown Melissa Ann 4

4 · AeroVironment Inc · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jun 30, 2026

AeroVironment (AVAV) EVP Melissa Brown Receives Award, Sells Shares for Taxes

What Happened

Melissa Ann Brown, AeroVironment's EVP and Chief Legal Officer, had performance-based awards convert into common stock and also converted additional derivative awards on June 29, 2026. The Form 4 shows acquisitions of 9,175 shares (conversion of PRSUs) and 3,670 shares (derivative conversion), a total of 12,845 shares acquired at a $0.00 exercise price. To satisfy withholding taxes on the vesting, 3,590 shares were tendered (disposed) at $139.00 per share, for a tax-withholding value of $499,010.
These transactions reflect award vesting and associated tax withholding (not an open-market sale by the insider).

Key Details

Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (filed next day).
Acquisitions: 9,175 shares (PRSU conversion) and 3,670 shares (derivative conversion), exercise price $0.00.
Disposition (tax withholding): 3,590 shares tendered at $139.00 each = $499,010.
Shares owned after the transaction: not specified in this Form 4.
Notable footnotes: PRSUs vest contingent on performance over May 1, 2023–April 30, 2026 (0%–250% payout range); the disposition was a net settlement to satisfy tax withholding arising from PRSU vesting (routine).
Filing timeliness: appears timely (filed one day after the transaction).

Context

These were award conversions (performance restricted stock units and a derivative conversion) rather than open-market purchases or discretionary sales. The tender of shares was a tax-withholding/net-settlement action common when equity awards vest; it does not necessarily signal the insider’s market view.
For retail investors: award vesting can increase insider-held shares, but because part of the award was withheld for taxes, there was not a full net increase equal to the gross vested amount.

Form 4

Period: 2026-06-29

EVP, Chief Legal Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-29+9,175→ 28,744 total
Tax Payment
Common Stock
[F2]
2026-06-29$139.00/sh−3,590$499,010→ 25,154 total
Exercise/Conversion
Performance Restricted Stock Awards
[F1][F3][F4]
2026-06-29+3,670→ 0 total
Exercise: $0.00From: 2026-06-29Exp: 2026-06-29→ Common Stock (3,670 underlying)

Footnotes (4)

[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, 2023 and ending on April 30, 2026. The target number of units subject to the award is presented in the table. The number of units that vest may be 0% to 250% of the target number of units, depending on performance.
[F2]Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units.
[F3]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").
[F4]Upon conversion of the PRSUs, the Reporting Person received 9,175 shares of common stock.

Signature

Colby Petersen, attorney-in-fact|2026-06-30

1 file