Michael Kuehn - Mar 14, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for Michael Kuehn
Stock symbol
ATRO
Transactions as of
Mar 14, 2024
Transactions value $
-$125,351
Form type
4
Date filed
3/15/2024, 04:05 PM
Previous filing
Mar 5, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Sale -$125K -7.07K -35.46% $17.72 12.9K Mar 14, 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 8.05K Mar 14, 2024 $.01 PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Mar 14, 2024 $.01 PV CL B STK 1.21K $35.61 Direct
holding ATRO Option 12.4K Mar 14, 2024 $.01 PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 18.2K Mar 14, 2024 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Mar 14, 2024 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 32.7K Mar 14, 2024 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K Mar 14, 2024 $.01 PV Com Stk 35.6K $9.74 Direct
holding ATRO Option 8.3K Mar 14, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 12.6K Mar 14, 2024 $.01 PV Com Stk 12.6K Direct F1, F2
holding ATRO Restricted Stock Unit 11.5K Mar 14, 2024 $.01 PV Com Stk 11.5K Direct F1, F3
holding ATRO Restricted Stock Unit 18.6K Mar 14, 2024 $.01 PV Com Stk 18.6K Direct F1, F4
* 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 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.
F3 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.
F4 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2024- December 31, 2026. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 23, 2027, with the vesting percentage determined based on actual performance.