Andrew B. Naughton - 10 Apr 2023 Form 4 Insider Report for AMERICAN VANGUARD CORP (AVD)

Role: V.P., Director of Technology
Signature: /s/ ANDREW B. NAUGHTON
Issuer symbol: AVD
Transactions as of: 10 Apr 2023
Transactions value $: $0
Form type: 4
Filing time: 12 Apr 2023, 15:07:48 UTC
Previous filing: 01 Mar 2023
Next filing: 25 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVD	Common Stock	Award	$0	+1.67K	+83.35%	$0.00	3.67K	10 Apr 2023	Direct	F1
transaction	AVD	Common Stock	Award	$0	+1.67K	+45.46%	$0.00	5.33K	10 Apr 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These comprise an award of time-based restricted stock that vests in its entirety on April 10, 2026, if and only if reporting person is continuously employed by issuer through such vesting date as per the terms of a Restricted Stock Agreement dated as of April 10, 2023.
F2	These comprise an award of performance-based restricted stock that vests upon the attainment of both (i) continuous employment through April 10,2026, and (ii) the relative growth of the issuer's EBIT (earnings before interest and taxes), net sales and stock price appreciation as compared to that of certain comparator groups over the course of a three-year period as per the terms of a Performance Stock Agreement dated as of April 10,2023.

Content

These comprise an award of time-based restricted stock that vests in its entirety on April 10, 2026, if and only if reporting person is continuously employed by issuer through such vesting date as per the terms of a Restricted Stock Agreement dated as of April 10, 2023.

These comprise an award of performance-based restricted stock that vests upon the attainment of both (i) continuous employment through April 10,2026, and (ii) the relative growth of the issuer's EBIT (earnings before interest and taxes), net sales and stock price appreciation as compared to that of certain comparator groups over the course of a three-year period as per the terms of a Performance Stock Agreement dated as of April 10,2023.