Mark Peabody - Dec 15, 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 15, 2023
Transactions value $
$0
Form type
4
Date filed
12/19/2023, 05:13 PM
Previous filing
Dec 11, 2023
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Gift $0 -2K -6.12% $0.00 30.7K Dec 15, 2023 Direct
holding ATRO $.01 PV CL B STK 198K Dec 15, 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
holding ATRO Option 3.47K Dec 15, 2023 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Dec 15, 2023 $.01 PV CL B STK 1.81K $30.83 Direct
holding ATRO Option 4.5K Dec 15, 2023 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Dec 15, 2023 $.01 PV CL B STK 1.45K $27.72 Direct
holding ATRO Option 4.82K Dec 15, 2023 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Dec 15, 2023 $.01 PV CL B STK 723 $31.76 Direct
holding ATRO Option 7.01K Dec 15, 2023 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Dec 15, 2023 $.01 PV CL B STK 1.05K $35.61 Direct
holding ATRO Option 9.28K Dec 15, 2023 $.01 PV Com Stk 9.28K $31.57 Direct
holding ATRO Option 13.6K Dec 15, 2023 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Dec 15, 2023 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 294 Dec 15, 2023 $.01 PV Com Stk 294 Direct F1, F2
holding ATRO Restricted Stock Unit 9.83K Dec 15, 2023 $.01 PV Com Stk 9.83K Direct F1, F3
holding ATRO Option 24.5K Dec 15, 2023 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 11.8K Dec 15, 2023 $.01 PV Com Stk 11.8K Direct F1, F4
holding ATRO Option 26.7K Dec 15, 2023 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 10.9K Dec 15, 2023 $.01 PV Com Stk 10.9K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F3 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.
F4 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.
F5 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.