PETER J. GUNDERMANN - 11 Mar 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol
ATRO
Transactions as of
11 Mar 2022
Net transactions value
-$5,417
Form type
4
Filing time
15 Mar 2022, 17:03:26 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 +1,374 +3.3% $0.000000 43,437 11 Mar 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability $4,323 -328 -0.76% $13.18 43,109 11 Mar 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +351 +0.81% $0.000000 43,460 11 Mar 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability $1,094 -83 -0.19% $13.18 43,377 11 Mar 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +1,340 +3.1% $0.000000 44,717 04 Mar 2022 Direct F2
holding ATRO $.01 PV CLASS B STOCK 743,493 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 -1,832 -100% $0.000000* 0 11 Mar 2022 $.01 PV COM STK 1,832 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -351 -33% $0.000000 701 11 Mar 2022 $.01 PV COM STK 1,052 Direct F3, F6
holding ATRO OPTION 8,300 11 Mar 2022 $.01 PV COM STK 8,300 $28.45 Direct
holding ATRO OPTION 6,848 11 Mar 2022 $.01 PV CL B STK 6,848 $28.45 Direct
holding ATRO OPTION 10,100 11 Mar 2022 $.01 PV COM STK 10,100 $30.83 Direct
holding ATRO OPTION 5,261 11 Mar 2022 $.01 PV CL B STK 5,261 $30.83 Direct
holding ATRO OPTION 13,700 11 Mar 2022 $.01 PV COM STK 13,700 $27.72 Direct
holding ATRO Option 4,418 11 Mar 2022 $.01 PV CL B STK 4,418 $27.72 Direct
holding ATRO Option 14,460 11 Mar 2022 $.01 PV COM STK 14,460 $31.76 Direct
holding ATRO Option 2,169 11 Mar 2022 $.01 PV CL B STK 2,169 $31.76 Direct
holding ATRO Option 26,300 11 Mar 2022 $.01 PV COM STK 26,300 $35.61 Direct
holding ATRO Option 3,945 11 Mar 2022 $.01 PV CL B STK 3,945 $35.61 Direct
holding ATRO Option 34,790 11 Mar 2022 $.01 PV COM STK 34,790 $31.57 Direct
holding ATRO Option 61,200 11 Mar 2022 $.01 PV COM STK 61,200 $30.04 Direct
holding ATRO Restricted Stock Unit 10,175 11 Mar 2022 $.01 PV COM STK 10,175 Direct F3, F5
holding ATRO Option 98,900 11 Mar 2022 $.01 PV COM STK 98,900 $14.45 Direct
holding ATRO Restricted Stock Unit 12,275 11 Mar 2022 $.01 PV COM STK 12,275 Direct F3, F7
holding ATRO Option 115,800 11 Mar 2022 $.01 PV COM STK 115,800 $11.13 Direct
holding ATRO Restricted Stock Unit 14,750 11 Mar 2022 $.01 PV COM STK 14,750 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 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, 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 January 1, 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.