AeroVironment, Inc. Announces Establishment of 10b5-1 Trading Plan by Chief Executive Officer
AeroVironment, Inc. (NASDAQ: AVAV) today announced that Chief Executive Officer and Chairman of the Board, Timothy E. Conver, as Trustee of The Conver Family Trust, has established a pre-arranged stock trading plan to sell a portion of company stock held by the Trust over a specific period of time. The stock trading plan is part of a long-term strategy for asset diversification and liquidity and was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and AeroVironment's policies with respect to employee stock transactions.
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