AeroVironment (AVAV) director awarded 1,177 restricted shares vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burbage Charles Thomas reported acquisition or exercise transactions in this Form 4 filing.
AeroVironment Inc director Charles Thomas Burbage received two equity compensation grants in the form of restricted Common Stock. He was awarded 1,047 restricted shares as regular director compensation and 130 restricted shares as a special grant for additional director services performed during the prior fiscal year. Both grants carry a purchase price of $0.00 per share and will vest in full on July 11, 2027, provided he continues serving the company through that date. If his service ends before then, a prorated portion of each award will vest immediately upon termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burbage Charles Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,047 | $0.00 | -- |
| Grant/Award | Common Stock | 130 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,634 shares (Direct)
Footnotes (1)
- Represents a grant of restricted shares of Common Stock that will vest in full on July 11, 2027, subject to the Reporting Person's continued service to the Issuer through such date. If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest immediately upon such termination. Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services performed during the prior fiscal year. The shares vest in full on July 11, 2027, subject to continued service; provided that upon the Reporting Person's termination of services, a prorated portion of the grant will vest immediately upon termination of services.
Key Figures
Restricted stock grant: 1,047 shares
Special restricted grant: 130 shares
Total restricted shares awarded: 1,177 shares
+2 more
5 metrics
Restricted stock grant
1,047 shares
Regular director compensation award of Common Stock
Special restricted grant
130 shares
Special award for additional director services in prior fiscal year
Total restricted shares awarded
1,177 shares
Combined value of both Common Stock grants
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Vesting date
July 11, 2027
Both restricted stock awards vest on this date, subject to service
Key Terms
restricted shares of Common Stock, vest in full, prorated portion of the grant, special grant, +1 more
5 terms
vest in full financial
"will vest in full on July 11, 2027, subject to the Reporting Person's continued service"
prorated portion of the grant financial
"If the Reporting Person's service terminates prior to the vesting date, a prorated portion of the grant will vest"
special grant financial
"Represents a special grant of restricted shares of Common Stock awarded as compensation for additional director services"
additional director services financial
"awarded as compensation for additional director services performed during the prior fiscal year"
FAQ
What did AeroVironment (AVAV) director Charles Thomas Burbage report in this Form 4?
He reported receiving two grants of restricted Common Stock as compensation. One grant covers 1,047 shares, and another covers 130 shares, both at $0.00 per share, reflecting equity-based director compensation rather than open-market purchases or sales.
When do the new AeroVironment (AVAV) restricted stock grants vest?
Both restricted stock grants are scheduled to vest in full on July 11, 2027. Vesting is contingent on the director’s continued service to AeroVironment through that date, linking the compensation directly to ongoing board service and long-term alignment.