Mark Peabody - Jan 8, 2024 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
Jan 8, 2024
Transactions value $
$0
Form type
4
Date filed
1/9/2024, 04:34 PM
Previous filing
Dec 19, 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 CL B STK Gift $0 -8K -4.03% $0.00 190K Jan 8, 2024 Direct
holding ATRO $.01 PV Com Stk 30.7K Jan 8, 2024 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 Jan 8, 2024 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Jan 8, 2024 $.01 PV CL B STK 1.81K $30.83 Direct
holding ATRO Option 4.5K Jan 8, 2024 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Jan 8, 2024 $.01 PV CL B STK 1.45K $27.72 Direct
holding ATRO Option 4.82K Jan 8, 2024 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Jan 8, 2024 $.01 PV CL B STK 723 $31.76 Direct
holding ATRO Option 7.01K Jan 8, 2024 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Jan 8, 2024 $.01 PV CL B STK 1.05K $35.61 Direct
holding ATRO Option 9.28K Jan 8, 2024 $.01 PV Com Stk 9.28K $31.57 Direct
holding ATRO Option 13.6K Jan 8, 2024 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Jan 8, 2024 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 294 Jan 8, 2024 $.01 PV Com Stk 294 Direct F1, F2
holding ATRO Restricted Stock Unit 9.83K Jan 8, 2024 $.01 PV Com Stk 9.83K Direct F1, F3
holding ATRO Option 24.5K Jan 8, 2024 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 11.8K Jan 8, 2024 $.01 PV Com Stk 11.8K Direct F1, F4
holding ATRO Option 26.7K Jan 8, 2024 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 10.9K Jan 8, 2024 $.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.