Peter J. Gundermann - Mar 11, 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
Stock symbol
ATRO
Transactions as of
Mar 11, 2022
Transactions value $
-$5,417
Form type
4
Date filed
3/15/2022, 05:03 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 COMMON STOCK Options Exercise $0 +1.37K +3.27% $0.00 43.4K Mar 11, 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$4.32K -328 -0.76% $13.18 43.1K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +351 +0.81% $0.00 43.5K Mar 11, 2022 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$1.09K -83 -0.19% $13.18 43.4K Mar 11, 2022 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $0 +1.34K +3.09% $0.00 44.7K Mar 4, 2022 Direct F2
holding ATRO $.01 PV CLASS B STOCK 743K Mar 11, 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 -1.83K -100% $0.00* 0 Mar 11, 2022 $.01 PV COM STK 1.83K Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -351 -33.37% $0.00 701 Mar 11, 2022 $.01 PV COM STK 1.05K Direct F3, F6
holding ATRO OPTION 8.3K Mar 11, 2022 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Mar 11, 2022 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Mar 11, 2022 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Mar 11, 2022 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Mar 11, 2022 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Mar 11, 2022 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Mar 11, 2022 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Mar 11, 2022 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Mar 11, 2022 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Mar 11, 2022 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Mar 11, 2022 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Option 61.2K Mar 11, 2022 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 10.2K Mar 11, 2022 $.01 PV COM STK 10.2K Direct F3, F5
holding ATRO Option 98.9K Mar 11, 2022 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 12.3K Mar 11, 2022 $.01 PV COM STK 12.3K Direct F3, F7
holding ATRO Option 116K Mar 11, 2022 $.01 PV COM STK 116K $11.13 Direct
holding ATRO Restricted Stock Unit 14.8K Mar 11, 2022 $.01 PV COM STK 14.8K 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.