Peter J. Gundermann - 09 Dec 2021 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Reporting relationship: PRESIDENT/CEO, Director
Issuer ticker: ATRO
Reported as of: 09 Dec 2021
Net transaction value: +$1,288,854
SEC form: 4
Accepted by SEC: 13 Dec 2021, 15:10:15 UTC
Prior SEC filing: 03 Dec 2021
Next SEC filing: 01 Feb 2022
Source filing: View source filing
Reporting owner signature: /S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN

Key filing fact

Peter J. Gundermann filed Form 4 for ASTRONICS CORP (ATRO) on 13 Dec 2021.

Key facts

This page summarizes Peter J. Gundermann's Form 4 filing for ASTRONICS CORP (ATRO).
1 reported transaction and 20 derivative rows are listed below.
Accepted by SEC: 13 Dec 2021, 15:10.

Change

Previous filing in this sequence was filed on 03 Dec 2021.
Current net transaction value: +$1,288,854.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ATRO holding

$.01 PV COMMON STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 23,363
Date: 09 Dec 2021
Ownership: Direct

ATRO holding

$.01 PV CLASS B STOCK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 721,239
Date: 09 Dec 2021
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ATRO transaction Derivative

Option

Award

Transaction value: $1,288,854
Shares: +115,800
Change %
Price: $11.13
Shares after: 115,800
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 115,800
Exercise price: $11.13

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 18,700
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 18,700
Exercise price: $9.20

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 22,254
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 22,254
Exercise price: $9.20

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,300
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 8,300
Exercise price: $28.45

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,848
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 6,848
Exercise price: $28.45

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,100
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 10,100
Exercise price: $30.83

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,261
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 5,261
Exercise price: $30.83

ATRO holding Derivative

OPTION

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,700
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 13,700
Exercise price: $27.72

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,418
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 4,418
Exercise price: $27.72

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,460
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 14,460
Exercise price: $31.76

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,169
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 2,169
Exercise price: $31.76

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,300
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 26,300
Exercise price: $35.61

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,945
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 3,945
Exercise price: $35.61

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 34,790
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 34,790
Exercise price: $31.57

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,832
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 1,832
Exercise price
Footnotes: F1, F2

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 61,200
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 61,200
Exercise price: $30.04

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,175
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 10,175
Exercise price
Footnotes: F1, F3

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 98,900
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 98,900
Exercise price: $14.45

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,052
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 1,052
Exercise price
Footnotes: F1, F4

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,275
Date: 09 Dec 2021
Ownership: Direct
Underlying class: $.01 PV COM STK
Underlying amount: 12,275
Exercise price
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

Footnote F2

Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, with the vesting percentage determined based on actual performance.

Footnote F3

Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2020- December 31, 2022. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2022, with the vesting percentage determined based on actual performance.

Footnote F4

These restricted stock units vest ratably on each anniversary of the grant date over three years.

Footnote F5

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, 2022, with the vesting percentage determined based on actual performance.