David C. Burney - Dec 7, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Dec 7, 2023
Transactions value $
$128,646
Form type
4
Date filed
12/11/2023, 04:40 PM
Previous filing
Oct 2, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Other $2.9K +187 +0.36% $15.50 51.6K Nov 20, 2023 Direct F1
holding ATRO $.01 PV CL B STK 192K Dec 7, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ATRO Option Options Exercise $126K +8.3K $15.15 8.3K Dec 7, 2023 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Option 2.6K Dec 7, 2023 $.01 PV Com Stk 2.6K $28.45 Direct
holding ATRO Option 2.15K Dec 7, 2023 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO Option 3.15K Dec 7, 2023 $.01 PV Com Stk 3.15K $30.83 Direct
holding ATRO Option 1.64K Dec 7, 2023 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Dec 7, 2023 $.01 PV Com Stk 4.1K $27.72 Direct
holding ATRO Option 1.32K Dec 7, 2023 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Dec 7, 2023 $.01 PV Com Stk 4.37K $31.76 Direct
holding ATRO Option 656 Dec 7, 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Dec 7, 2023 $.01 PV Com Stk 6.35K $35.61 Direct
holding ATRO Option 953 Dec 7, 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Dec 7, 2023 $.01 PV Com Stk 8.41K $31.57 Direct
holding ATRO Option 13.6K Dec 7, 2023 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Dec 7, 2023 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 8K Dec 7, 2023 $.01 PV Com Stk 8K Direct F2, F3
holding ATRO Restricted Stock Unit 220 Dec 7, 2023 $.01 PV Com Stk 220 Direct F2, F4
holding ATRO Option 24.5K Dec 7, 2023 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 9.6K Dec 7, 2023 $.01 PV Com Stk 9.6K Direct F2, F5
holding ATRO Option 26.7K Dec 7, 2023 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 8.8K Dec 7, 2023 $.01 PV Com Stk 8.8K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2021- December 31, 2023. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2023, with the vesting percentage determined based on actual performance.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2022- December 31, 2024. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 24, 2025, with the vesting percentage determined based on actual performance.
F6 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2023- December 31, 2025. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 23, 2026, with the vesting percentage determined based on actual performance.