AeroVironment adopts NQDC plan, adds two presidents to executive severance plan

AeroVironment Inc

Nonqualified deferred comp plan effective March 1, 2026; key employees may defer up to 75% of salary and bonuses.
Directors may defer cash fees and equity grants; no matching contributions; plan unfunded with rabbi trust.
Distributions: lump sum or 2-10 year installments on retirement; lump sum on death, disability, or non-retirement separation.
Trace Stevenson (President, Autonomous Systems) and Mary Clum (President, Space, Cyber & Directed Energy) added to Executive Severance Plan.

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