AeroVironment Management

Management criteria checks 2/4

AeroVironment's CEO is Wahid Nawabi, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $4.90M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth €11.59M. The average tenure of the management team and the board of directors is 2.5 years and 7.9 years respectively.

Key information

Wahid Nawabi

Chief executive officer

US$4.9m

Total compensation

CEO salary percentage	15.3%
CEO tenure	8.3yrs
CEO ownership	0.3%
Management average tenure	2.5yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Wahid Nawabi's remuneration changed compared to AeroVironment's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 27 2024	n/a	n/a	-US$107m
Oct 28 2023	n/a	n/a	-US$121m
Jul 29 2023	n/a	n/a	-US$146m
Apr 30 2023	US$5m	US$750k	-US$176m
Jan 28 2023	n/a	n/a	-US$8m
Oct 29 2022	n/a	n/a	-US$8m
Jul 30 2022	n/a	n/a	US$1m
Apr 30 2022	US$4m	US$822k	-US$4m
Jan 29 2022	n/a	n/a	-US$500k
Oct 30 2021	n/a	n/a	-US$299k
Jul 31 2021	n/a	n/a	-US$730k
Apr 30 2021	US$3m	US$632k	US$23m
Jan 30 2021	n/a	n/a	US$30m
Oct 31 2020	n/a	n/a	US$29m
Aug 01 2020	n/a	n/a	US$34m
Apr 30 2020	US$3m	US$607k	US$41m
Jan 25 2020	n/a	n/a	US$30m
Oct 26 2019	n/a	n/a	US$39m
Jul 27 2019	n/a	n/a	US$39m
Apr 30 2019	US$2m	US$624k	US$42m
Jan 26 2019	n/a	n/a	US$55m
Oct 27 2018	n/a	n/a	US$46m
Jul 28 2018	n/a	n/a	US$46m
Apr 30 2018	US$2m	US$535k	US$22m
Jan 27 2018	n/a	n/a	US$37m
Oct 28 2017	n/a	n/a	US$36m
Jul 29 2017	n/a	n/a	US$24m
Apr 30 2017	US$888k	US$511k	US$18m

Compensation vs Market: Wahid's total compensation ($USD4.90M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Wahid's compensation has increased whilst the company is unprofitable.

CEO

Wahid Nawabi (54 yo)

8.3yrs

Tenure

US$4,904,510

Compensation

Mr. Wahid Nawabi has been the Chief Executive Officer at AeroVironment, Inc. since May 2, 2016 and serves as its President since January 16, 2016 and also serves as its Chairman of the Board since Septembe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wahid Nawabi	Chairman of the Board	8.3yrs	US$4.90m	0.28% $ 11.6m
Kevin McDonnell	Senior VP & CFO	4.2yrs	US$2.23m	0.058% $ 2.4m
Melissa Brown	Senior VP	9yrs	US$1.39m	0.044% $ 1.8m
Brian Shackley	VP, Controller & Chief Accounting Officer	6.3yrs	US$550.84k	0.012% $ 476.3k
Scott Newbern	VP & Chief Technology Officer	no data	no data	no data
Jonah Teeter-Balin	Senior Director of Corporate Development & Investor Relations	no data	no data	no data
Trace Stevenson	Senior VP & GM of Unmanned Systems	less than a year	no data	0.0092% $ 379.7k
Jeff Rodrian	Senior VP of MacCready Works & GM of Advanced Systems Group	less than a year	no data	0.0090% $ 370.2k
Brett Hush	Senior VP & GM of Loitering Munition Systems	less than a year	no data	0.012% $ 513.9k
Church Hutton	VP & Head of Government Relations	less than a year	no data	no data
Kristy Benson	VP & Treasurer	no data	no data	no data

2.5yrs

Average Tenure

49yo

Average Age

Experienced Management: JPX's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wahid Nawabi	Chairman of the Board	7.9yrs	US$4.90m	0.28% $ 11.6m
Stephen Page	Independent Director	11yrs	US$209.98k	0.19% $ 7.7m
Edward Muller	Lead Independent Director	11.3yrs	US$236.98k	0.18% $ 7.3m
Charles Burbage	Independent Director	11.3yrs	US$209.98k	0.18% $ 7.3m
Cindy Lewis	Independent Director	2.7yrs	US$194.98k	0.018% $ 723.8k
Philip Davidson	Independent Director	less than a year	no data	0.0060% $ 245.8k
Joseph Votel	Independent Director	less than a year	no data	0.0049% $ 201.2k

7.9yrs

Average Tenure

68.5yo

Average Age

Experienced Board: JPX's board of directors are considered experienced (7.9 years average tenure).

AeroVironment Management

Management criteria checks 2/4

Key information

Recent management updates

Senior VP & GM of Unmanned Systems recently sold €320k worth of stock

AeroVironment, Inc. Appoints Church Hutton as Head of Government Relations

Joseph Votel Joins AeroVironment, Inc.'s Board of Directors

AeroVironment, Inc., Annual General Meeting, Sep 29, 2023

AeroVironment, Inc. Announces Board Member Catharine Merigold to Resign at End of Current Term

Retired Navy Admiral Phil Davidson Joins AeroVironment’s Board of Directors

Recent updates

AeroVironment Unveils New AI Capability and Autonomy Kit for Unmanned Systems

Senior VP & GM of Unmanned Systems recently sold €320k worth of stock

Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.027 loss in 3Q 2023)

AeroVironment, Inc. to Report Q3, 2024 Results on Mar 04, 2024

AeroVironment Announces First Successful Multi-Drop, Live Fire GPS-Guided Shryke Munitions from a VAPOR 55 MX Unmanned Aircraft System

AeroVironment, Inc. Appoints Church Hutton as Head of Government Relations

Second quarter 2024 earnings released: EPS: US$0.66 (vs US$0.27 loss in 2Q 2023)

AeroVironment, Inc. Provides Earnings Guidance for the Fiscal Year 2024

Joseph Votel Joins AeroVironment, Inc.'s Board of Directors

AeroVironment, Inc. to Report Q2, 2024 Results on Dec 05, 2023

The Law Offices of Vincent Wong Remind AeroVironment, Inc. Investors of a Lead Plaintiff Deadline of October 30, 2023

Aerovironment, Inc. Provides Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.84 (vs US$0.34 loss in 1Q 2023)

Levi & Korsinsky, LLP Files a Complaint to Recover Losses Suffered by Purchasers of AeroVironment, Inc. Securities

Levi & Korsinsky, LLP Files a Complaint to Recover Losses Suffered by Purchasers of AeroVironment, Inc. Securities

AeroVironment, Inc. (NasdaqGS:AVAV) agreed to acquire Tomahawk Robotics, Inc. for $120 million.

AeroVironment, Inc., Annual General Meeting, Sep 29, 2023

AeroVironment, Inc. Announces Board Member Catharine Merigold to Resign at End of Current Term

AeroVironment, Inc. Provides Earnings Guidance for the Fiscal Year Ending April 30, 2024

New minor risk - Shareholder dilution

New minor risk - Share price stability

Full year 2023 earnings released: US$7.04 loss per share (vs US$0.17 loss in FY 2022)

Retired Navy Admiral Phil Davidson Joins AeroVironment’s Board of Directors

AeroVironment, Inc. to Report Q4, 2023 Results on Jun 27, 2023

Now 21% undervalued

Now 21% undervalued

Second quarter 2023 earnings released: US$0.27 loss per share (vs US$0.10 profit in 2Q 2022)

AeroVironment, Inc. Provides Earnings Guidance for the Full Year 2023

AeroVironment, Inc. to Report Q2, 2023 Results on Dec 06, 2022

AeroVironment Introduces Puma VNS, a Visual-Based Navigation System that Enables GPS Denied Navigation Across GPS-Contested Environments

AeroVironment, Inc. Introduces Next-Generation All-Electric VAPOR 55 MX Helicopter Unmanned Aircraft System, Built for Heavier Payloads and Longer Distances

First quarter 2023 earnings released: US$0.34 loss per share (vs US$0.57 loss in 1Q 2022)

AeroVironment, Inc. Provides Earnings Guidance for the Fiscal Year 2023

AeroVironment’s New Mantis i23 D Multi-Sensor Imaging Payload Delivers Superior Daytime Surveillance Performance

AeroVironment, Inc. to Report Q1, 2023 Results on Sep 07, 2022

AeroVironment, Inc. (NasdaqGS:AVAV) acquired Planck Aerosystems Inc. from Parrot S.A. (ENXTPA:PARRO) and others.

AeroVironment, Inc. (NasdaqGS:AVAV) acquired Planck Aerosystems Inc.

AeroVironment, Inc., Annual General Meeting, Sep 23, 2022

Independent Director recently sold €401k worth of stock

Full year 2022 earnings released

AeroVironment, Inc. Provides Earnings Guidance for Fiscal Year 2023

AeroVironment, Inc.(NasdaqGS:AVAV) dropped from Russell 2000 Growth-Defensive Index

AeroVironment, Inc. to Report Q4, 2022 Results on Jun 28, 2022

Insufficient new directors

VP, General Counsel recently sold €83k worth of stock

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

AeroVironment, Inc. Revises Earnings Guidance for the Fiscal Year 2022

AeroVironment, Inc. to Report Q3, 2022 Results on Mar 03, 2022

AeroVironment Announces Resignation of Ken Karklin, Senior Vice President and Chief Operating Officer

AeroVironment Introduces Switchblade 300 Sensor to Shooter Kit

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Insufficient new directors

Chairman of the Board Timothy Conver has left the company

Lead Independent Director Arnold Fishman has left the company

Lead Independent Director Arnold Fishman has left the company

Insufficient new directors

Insufficient new directors

AeroVironment, Inc. Provides Unaudited Earnings Guidance for the Full Year of 2022

First quarter 2022 earnings released: EPS US$1.85 (vs US$0.42 in 1Q 2021)

AeroVironment, Inc. Introduces Standardized Modular Payload Interface Kits for RQ-20B Puma Tactical Unmanned Aircraft Systems

Full year 2021 earnings released: EPS US$0.97 (vs US$1.74 in FY 2020)

AeroVironment, Inc. Provides Earnings Guidance for the Fiscal Year 2022

CEO, President & Director recently sold €2.5m worth of stock

VP & Chief People Officer recently sold €107k worth of stock

CEO, President & Director recently sold €2.5m worth of stock

AeroVironment Secures $5.9 Million Puma 3 AE Unmanned Aircraft Systems Foreign Military Sales Contract Award for U.S. Ally

Third quarter 2021 earnings released: EPS US$0.009 (vs US$0.042 loss in 3Q 2020)

Revenue beats expectations

AeroVironment, Inc. (NasdaqGS:AVAV) acquired Intelligent Systems Group from Progeny Systems Corporation for $36 million.