Aviat Networks CEO acquired 27,647 award shares
The CEO's amended report adds performance-measure shares omitted from an earlier Form 4 and records tax withholding on a restricted grant.
Rhea-AI Filing Summary
Aviat Networks, Inc. President and CEO Pete A. Smith reported an award acquisition of 27,647 common shares on August 28, 2026, in connection with satisfaction of certain performance measures. An earlier Form 4 filed on September 1, 2026, inadvertently omitted these additional shares. On August 28, 2026, 1,817 shares were withheld to cover tax withholding on vesting of a restricted grant, at a reported $20 per share. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH PETE A
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 27,647 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,817 | $20.00 | $36K |
Holdings After Transaction:
Common Stock — 384,577 shares (Direct)
Footnotes (2)
- F1. On September 1, 2026, the reporting person filed a Form 4 which inadvertently omitted additional shares acquired in connection with the satisfaction of certain performance measures.
- F2. Represents shares withheld to cover tax withholding on a vesting for a restricted grant.
Key Figures
Award acquisition: 27,647 common shares
Shares withheld for tax withholding: 1,817 shares
Reported price per share: $20 per share
3 metrics
Award acquisition
27,647 common shares
August 28, 2026; acquired in connection with satisfaction of certain performance measures
Shares withheld for tax withholding
1,817 shares
August 28, 2026; on vesting of a restricted grant
Reported price per share
$20 per share
For the 1,817 shares withheld on August 28, 2026
Key Terms
performance measures, restricted grant, tax withholding
3 terms
performance measures financial
"acquired in connection with the satisfaction of certain performance measures"
restricted grant financial
"vesting for a restricted grant"
tax withholding financial
"shares withheld to cover tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
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