[Form 4] Aviat Networks, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Peter A. Smith, President and CEO of Aviat Networks, Inc. (AVNW), reported a Form 4 disclosing a non‑derivative share disposition on 09/01/2025. The filing shows 13,834 shares of common stock were disposed of at a price of $22.96 per share, with 293,549 shares beneficially owned by Mr. Smith after the transaction. The filing explains these shares were withheld to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The Form 4 was signed by an attorney‑in‑fact on 09/03/2025 on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding for equity compensation; disclosure aligns with Section 16 reporting requirements.
The Form 4 documents a common practice where shares are withheld to satisfy tax obligations arising from vested restricted stock units and performance stock units. The report identifies the reporting person as President and CEO and quantifies the shares withheld and remaining beneficial ownership. There are no disclosures of option exercises, sales for liquidity, or related-party transactions. From a governance perspective, this filing demonstrates timely compliance with insider reporting rules but does not indicate a change in control or strategic shift.
Insider disposition resulted from vesting tax withholding; transaction size and context suggest non‑market driven sale.
The disposition of 13,834 shares at $22.96 is explicitly attributed to tax withholding on RSU/PSU vesting rather than an open‑market sale. The remaining beneficial ownership of 293,549 shares is stated. The filing lacks information on total outstanding company shares or percentage ownership, so the market impact cannot be assessed from this Form 4 alone. The filing is informational and routine in nature.