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AeroVironment (AVAV) SVP adds shares as PRSUs vest and some stock covers taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AeroVironment Inc SVP and Chief Accounting Officer Brian Charles Shackley reported compensation-related stock activity. On June 29, 2026, performance-based restricted stock units vested and were converted into 2,382 shares of common stock, reflecting achievement of pre-approved performance metrics over a three-year period.

To cover tax withholding obligations from this vesting, 855 shares of common stock were disposed of via a net share settlement at a reported value of $139.00 per share. After these transactions, Shackley directly holds 8,028 shares of AeroVironment common stock, indicating a net increase in his equity position.

Positive

  • None.

Negative

  • None.
Insider Shackley Brian Charles
Role SVP, Chief Accounting Officer
Type Security Shares Price Value
Exercise Performance Restricted Stock Awards 953 $0.00 --
Exercise Common Stock 2,382 $0.00 --
Tax Withholding Common Stock 855 $139.00 $119K
Holdings After Transaction: Performance Restricted Stock Awards — 0 shares (Direct, null); Common Stock — 8,883 shares (Direct, null)
Footnotes (1)
  1. 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. 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. 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"). Upon conversion of the PRSUs, the Reporting Person received 2,382 shares of common stock.
Shares acquired from PRSU vesting 2,382 shares Common stock received upon conversion of performance RSUs on June 29, 2026
Shares withheld for taxes 855 shares Net share settlement to satisfy tax withholding at $139.00 per share
Tax withholding share value $139.00/share Reported value for 855 shares disposed to cover tax obligations
Post-transaction holdings 8,028 shares AeroVironment common stock directly owned after reported transactions
Derivative shares exercised 953 units Performance Restricted Stock Awards converted into common stock on June 29, 2026
Performance Restricted Stock Unit (PRSU) financial
"Each Performance Restricted Stock Unit (PRSU) represents the contingent right to receive, following vesting, shares of the issuer's common stock."
net settlement financial
"Disposition made pursuant to a net settlement whereby shares of stock were tendered to satisfy tax withholding obligations."
tax withholding obligations financial
"shares of stock were tendered to satisfy tax withholding obligations arising in the conjunction with the vesting of previously issued Performance Restricted Stock Units."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shackley Brian Charles
(Last)(First)(Middle)
241 18TH STREET SOUTH
SUITE #650
(Street)
ARLINGTON VIRGINIA 22202
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AeroVironment Inc [ AVAV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/29/2026M2,382A$0(1)8,883D
Common Stock06/29/2026F855(2)D$1398,028D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Restricted Stock Awards$006/29/2026M953(1)06/29/2026(3)06/29/2026(3)Common Stock953(4)$00D
Explanation of Responses:
1. 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.
2. 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.
3. 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").
4. Upon conversion of the PRSUs, the Reporting Person received 2,382 shares of common stock.
Colby Petersen, attorney-in-fact06/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AeroVironment (AVAV) report for Brian Shackley?

AeroVironment reported that SVP and Chief Accounting Officer Brian Shackley had performance-based restricted stock units vest into 2,382 common shares, with 855 shares disposed through net settlement to satisfy tax withholding obligations related to that vesting event.

Did the AeroVironment (AVAV) insider Form 4 reflect a discretionary stock sale?

The Form 4 shows 855 AeroVironment shares disposed as part of a net settlement to cover tax withholding obligations, not an open-market sale. This disposition is tied directly to the vesting of performance restricted stock units on June 29, 2026.

How many AeroVironment (AVAV) shares does Brian Shackley own after this Form 4?

Following the reported vesting and tax withholding disposition, Brian Shackley directly holds 8,028 shares of AeroVironment common stock. This figure reflects his updated ownership after receiving 2,382 shares from vested performance units and tendering 855 shares for tax obligations.

What performance period applied to the AeroVironment (AVAV) PRSUs in this filing?

The performance restricted stock units covered a three-year performance period from May 1, 2023 through April 30, 2026. Vesting and conversion into AeroVironment common stock depended on achieving pre-established performance metrics approved by the company’s Compensation Committee.

What is a Performance Restricted Stock Unit (PRSU) in the AeroVironment (AVAV) filing?

Each Performance Restricted Stock Unit represents a contingent right to receive AeroVironment common shares upon vesting. The actual number of shares earned can range from 0% to 250% of the target amount, based on the company’s performance against Compensation Committee-approved metrics.

At what price were AeroVironment (AVAV) shares valued for the tax withholding in this Form 4?

The 855 shares used to satisfy tax withholding obligations were reported at $139.00 per share. This valuation applies specifically to the shares tendered in the net settlement connected to the vesting of previously issued performance restricted stock units.