MARK PEABODY - 11 Mar 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Issuer symbol
ATRO
Transactions as of
11 Mar 2022
Net transactions value
-$4,824
Form type
4
Filing time
15 Mar 2022, 16:57:20 UTC
Previous filing
28 Feb 2022
Next filing
20 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Options Exercise $0 +915 +3.2% $0.000000 29,825 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $3,638 -276 -0.93% $13.18 29,549 11 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +296 +1% $0.000000 29,845 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $1,186 -90 -0.3% $13.18 29,755 11 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +1,205 $0.000000 1,205 04 Mar 2022 Direct F2
holding ATRO $.01 PV Class B Stock 198,494 11 Mar 2022 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 Restricted Stock Unit Options Exercise $0 -1,220 -100% $0.000000* 0 09 Mar 2022 $.01 PV Com Stk 0 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -296 -33% $0.000000 590 09 Mar 2022 $.01 PV Com Stk 590 Direct F3, F6
holding ATRO Option 7,400 11 Mar 2022 $.01 PV Com Stk 7,400 $9.20 Direct
holding ATRO Option 8,807 11 Mar 2022 $.01 PV Cl B Stk 8,807 $9.20 Direct
holding ATRO Option 2,990 11 Mar 2022 $.01 PV Com Stk 2,990 $28.45 Direct
holding ATRO Option 2,467 11 Mar 2022 $.01 PV Cl B Stk 2,467 $28.45 Direct
holding ATRO Option 3,470 11 Mar 2022 $.01 PV Com Stk 3,470 $30.83 Direct
holding ATRO Option 1,807 11 Mar 2022 $.01 PV Cl B Stk 1,807 $30.83 Direct
holding ATRO Option 4,500 11 Mar 2022 $.01 PV Com Stk 4,500 $27.72 Direct
holding ATRO Option 1,451 11 Mar 2022 $.01 PV Cl B Stk 1,451 $27.72 Direct
holding ATRO Option 4,820 11 Mar 2022 $.01 PV Com Stk 4,820 $31.76 Direct
holding ATRO Option 723 11 Mar 2022 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7,010 11 Mar 2022 $.01 PV Com Stk 7,010 $35.61 Direct
holding ATRO Option 1,052 11 Mar 2022 $.01 PV Cl B Stk 1,052 $35.61 Direct
holding ATRO Option 9,280 11 Mar 2022 $.01 PV Com Stk 9,280 $31.57 Direct
holding ATRO Option 13,600 11 Mar 2022 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 11 Mar 2022 $.01 PV Com Stk 6,625 Direct F3, F5
holding ATRO Option 20,250 11 Mar 2022 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 9,825 11 Mar 2022 $.01 PV Com Stk 9,825 Direct F3, F7
holding ATRO Opton 24,500 11 Mar 2022 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 11,800 11 Mar 2022 $.01 PV Com Stk 11,800 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 Corp. 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.