Mark Peabody - Dec 7, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Stock symbol
ATRO
Transactions as of
Dec 7, 2023
Transactions value $
$128,008
Form type
4
Date filed
12/11/2023, 04:44 PM
Previous filing
Oct 2, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Other $2.26K +146 +0.45% $15.50 32.7K Nov 20, 2023 Direct F1
holding ATRO $.01 PV CL B STK 198K 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 2.99K Dec 7, 2023 $.01 PV Com Stk 2.99K $28.45 Direct
holding ATRO Option 2.47K Dec 7, 2023 $.01 PV CL B STK 2.47K $28.45 Direct
holding ATRO Option 3.47K Dec 7, 2023 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Dec 7, 2023 $.01 PV CL B STK 1.81K $30.83 Direct
holding ATRO Option 4.5K Dec 7, 2023 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Dec 7, 2023 $.01 PV CL B STK 1.45K $27.72 Direct
holding ATRO Option 4.82K Dec 7, 2023 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Dec 7, 2023 $.01 PV CL B STK 723 $31.76 Direct
holding ATRO Option 7.01K Dec 7, 2023 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Dec 7, 2023 $.01 PV CL B STK 1.05K $35.61 Direct
holding ATRO Option 9.28K Dec 7, 2023 $.01 PV Com Stk 9.28K $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 294 Dec 7, 2023 $.01 PV Com Stk 294 Direct F2, F3
holding ATRO Restricted Stock Unit 9.83K Dec 7, 2023 $.01 PV Com Stk 9.83K 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 11.8K Dec 7, 2023 $.01 PV Com Stk 11.8K 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 10.9K Dec 7, 2023 $.01 PV Com Stk 10.9K 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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F4 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 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.
F5 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 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.