JAMES S. KRAMER - 11 Mar 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
11 Mar 2022
Net transactions value
-$4,521
Form type
4
Filing time
15 Mar 2022, 16:58:08 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 +697 +1.3% $0.000000 54,370 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $3,611 -274 -0.5% $13.18 54,096 11 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +175 +0.32% $0.000000 54,271 11 Mar 2022 Direct
transaction ATRO $.01 PV Common Stock Tax liability $909 -69 -0.13% $13.18 54,202 11 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +681 $0.000000 681 04 Mar 2022 Direct F2
holding ATRO $.01 PV Class B Stock 403,100 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 -929 -100% $0.000000* 0 11 Mar 2022 $.01 PV Com Stk 0 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -175 -33% $0.000000 349 11 Mar 2022 $.01 PV Com Stk 349 Direct F3, F6
holding ATRO Option 5,700 11 Mar 2022 $.01 PV Com Stk 5,700 $9.20 Direct
holding ATRO Option 6,784 11 Mar 2022 $.01 PV Cl B Stk 6,783 $9.20 Direct
holding ATRO Option 2,330 11 Mar 2022 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 11 Mar 2022 $.01 PV Cl B Stk 1,922 $28.45 Direct
holding ATRO Option 2,720 11 Mar 2022 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 11 Mar 2022 $.01 PV Cl B Stk 1,417 $30.83 Direct
holding ATRO Option 3,500 11 Mar 2022 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 11 Mar 2022 $.01 PV Cl B Stk 1,129 $27.72 Direct
holding ATRO Option 3,670 11 Mar 2022 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 11 Mar 2022 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5,340 11 Mar 2022 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 11 Mar 2022 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7,060 11 Mar 2022 $.01 PV Com Stk 7,060 $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 6,100 11 Mar 2022 $.01 PV Com Stk 6,100 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 7,375 11 Mar 2022 $.01 PV Com Stk 7,375 Direct F3, F7
holding ATRO Option 24,500 11 Mar 2022 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 8,850 11 Mar 2022 $.01 PV Com Stk 8,850 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.