MARION BLAKEY - 15 May 2023 Form 4 Insider Report for AEROJET ROCKETDYNE HOLDINGS, INC. (AJRD)

Role
Director
Signature
/s/ Tony Shin, attorney-in-fact
Issuer symbol
AJRD
Transactions as of
15 May 2023
Transactions value $
$43,026
Form type
4
Filing time
17 May 2023, 16:06:04 UTC
Previous filing
17 Feb 2023
Next filing
16 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJRD Common Stock Award $28,703 +511 +8.28% $56.17 6,680 15 May 2023 Direct F1
transaction AJRD Common Stock Award $14,323 +255 +3.82% $56.17 6,935 15 May 2023 Direct F2
transaction AJRD Common Stock Award $0 +2,492 +35.9% $0.000000 9,427 15 May 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective March 24, 2010, the Board of Directors approved a Director Compensation Program which allows Directors to receive Aerojet Rocketdyne Holdings, Inc. common stock in lieu of their cash compensation. The number of shares of common stock shown reflects the common stock received by this Reporting Person in lieu of their annual cash retainer fee paid quarterly.
F2 Pursuant to the Director Compensation Program, if a Director elects to receive common stock in lieu of at least 50% of their cash compensation, the Company will grant restricted shares equal in value to 50% of the amount of cash compensation they elect to receive in common stock. Such restricted shares will vest on the earlier of (i) the date of the Director's retirement from the Board, and (ii) one year after the grant date. The number of shares of common stock shown reflects the grant of restricted shares.
F3 Grant to Reporting Person of restricted stock under the Aerojet Rocketdyne Holdings, Inc. 2019 Equity and Performance Incentive Plan. Such shares of restricted stock will vest in 50% increments on November 15, 2023 and May 15, 2024.