Davidson Phillip S 4

What Happened

• Phillip S. Davidson, a director of AeroVironment, was granted two awards of restricted common stock on July 2, 2026: 1,047 shares (grant A) and a special award of 130 shares (grant A), for a total of 1,177 shares. Both grants were reported at $0.00 acquisition price (typical for restricted stock awards).

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (timely under the SEC two-business-day rule).
• Price: $0.00 per share (restricted share awards); total reported cash paid = $0.
• Vesting: Both awards vest in full on July 11, 2027, subject to Davidson’s continued service; if his service terminates before that date, a prorated portion will vest immediately (see footnotes F1 and F2).
• Footnotes: F1 = standard restricted share grant vesting July 11, 2027 with prorated vesting on termination. F2 = special restricted share grant for additional director services, same vesting/proration terms.
• Shares owned after transaction: Not specified in the filing.

Context

• These were compensation grants to a director, not open-market purchases or sales. Such restricted-share awards are common director compensation and do not by themselves signal buying or selling intentions. The shares are subject to time-based vesting, so the director cannot freely sell them until they vest (or as allowed by company policies).