Michael Kuehn - Mar 11, 2022 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 11, 2022
Transactions value $
-$9,476
Form type
4
Date filed
3/15/2022, 04:56 PM
Previous filing
Feb 28, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Options Exercise $0 +1.85K +239.51% $0.00 2.62K Mar 11, 2022 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$8.44K -640 -24.42% $13.18 1.98K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +227 +11.46% $0.00 2.21K Mar 11, 2022 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$1.04K -79 -3.58% $13.18 2.13K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV Com Stk Other $0 +925 $0.00 925 Mar 4, 2022 Direct F2

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 Restricted Stock Unit Options Exercise $0 -2.47K -100% $0.00* 0 Mar 11, 2022 $.01 PV Com Stk 0 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -227 -33.38% $0.00 453 Mar 11, 2022 $.01PV Com Stk 453 Direct F3, F6
holding ATRO Option 8.05K Mar 11, 2022 $.01PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Mar 11, 2022 $.01 PV Cl B Stk 1.21K $35.61 Direct
holding ATRO Option 12.4K Mar 11, 2022 $.01PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 18.2K Mar 11, 2022 $.01PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 8.65K Mar 11, 2022 $.01PV Com Stk 8.65K Direct F3, F5
holding ATRO Option 27K Mar 11, 2022 $.01PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 10.5K Mar 11, 2022 $.01 PV Com Stk 10.5K Direct F3, F7
holding ATRO Option 32.7K Mar 11, 2022 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Restricted Stock Unit 12.6K Mar 11, 2022 $.01 PV Com Stk 12.6K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corporation to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 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 in Table II. Based on actual performance, 75% of the target number of units vested on December 31, 2021.
F5 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.
F6 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7 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.
F8 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.