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AeroVironment, Inc. (ticker AVAV) filed a Form 4 disclosing insider equity activity by Trace E. Stevenson, President, Autonomous Systems, on 24 June 2025.
- Performance RSU vesting: 1,702 Performance Restricted Stock Units (PRSUs) vested upon Compensation Committee certification, converting into 3,422 common shares at a stated price of $0.
- Net-settlement for taxes: 1,225 shares were automatically disposed at $193.28 per share (transaction code F) to satisfy withholding obligations.
- Post-transaction holding: Stevenson now directly owns 5,959 common shares; no derivative PRSUs remain outstanding.
- The PRSU program covered the three-year performance period 1 May 2022–30 April 2025, with payout potential of 0–250% of target, indicating performance goals were at least met.
The filing represents routine equity compensation settlement rather than an open-market purchase or discretionary sale; therefore market impact is likely limited and primarily signals that corporate performance hurdles were achieved.