Michael Kuehn - Dec 9, 2021 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
Dec 9, 2021
Transactions value $
$363,951
Form type
4
Date filed
12/13/2021, 03:12 PM
Previous filing
Oct 1, 2021
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Com Stk 772 Dec 9, 2021 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 Award $364K +32.7K $11.13 32.7K Dec 9, 2021 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Option 8.05K Dec 9, 2021 $.01PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Dec 9, 2021 $.01 PV Cl B Stk 1.21K $35.61 Direct
holding ATRO Option 12.4K Dec 9, 2021 $.01PV Com Stk 12.4K $31.57 Direct
holding ATRO Restricted Stock Unit 2.47K Dec 9, 2021 $.01 PV Com Stk 2.47K Direct F1, F2
holding ATRO Option 18.2K Dec 9, 2021 $.01PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 8.65K Dec 9, 2021 $.01PV Com Stk 8.65K Direct F1, F3
holding ATRO Option 27K Dec 9, 2021 $.01PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 680 Dec 9, 2021 $.01PV Com Stk 680 Direct F1, F4
holding ATRO Restricted Stock Unit 10.5K Dec 9, 2021 $.01 PV Com Stk 10.5K 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 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of 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.
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.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 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, 2022, with the vesting percentage determined based on actual performance.