Mark Peabody - 03 Jun 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
03 Jun 2022
Net transactions value
+$260,058
Form type
4
Filing time
20 Dec 2022, 15:26:26 UTC
Previous filing
15 Mar 2022
Next filing
02 Feb 2023
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 Other $0 +320 +1% $0.000000 31,279 03 Jun 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +434 +1.4% $0.000000 31,713 31 Aug 2022 Direct F1
transaction ATRO $.01 PV Common Stock Other $0 +165 +0.52% $0.000000 31,878 09 Dec 2022 Direct F1
holding ATRO $.01 PV Class B Stock 198,494 03 Jun 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 Option Options Exercise $260,058 +26,700 $9.74 26,700 16 Dec 2022 $.01 PV COM STK 26,700 $9.74 Direct
holding ATRO Option 2,990 03 Jun 2022 $.01 PV Com Stk 2,990 $28.45 Direct
holding ATRO Option 2,467 03 Jun 2022 $.01 PV Cl B Stk 2,467 $28.45 Direct
holding ATRO Option 3,470 03 Jun 2022 $.01 PV Com Stk 3,470 $30.83 Direct
holding ATRO Option 1,807 03 Jun 2022 $.01 PV Cl B Stk 1,807 $30.83 Direct
holding ATRO Option 4,500 03 Jun 2022 $.01 PV Com Stk 4,500 $27.72 Direct
holding ATRO Option 1,451 03 Jun 2022 $.01 PV Cl B Stk 1,451 $27.72 Direct
holding ATRO Option 4,820 03 Jun 2022 $.01 PV Com Stk 4,820 $31.76 Direct
holding ATRO Option 723 03 Jun 2022 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7,010 03 Jun 2022 $.01 PV Com Stk 7,010 $35.61 Direct
holding ATRO Option 1,052 03 Jun 2022 $.01 PV Cl B Stk 1,052 $35.61 Direct
holding ATRO Option 9,280 03 Jun 2022 $.01 PV Com Stk 9,280 $31.57 Direct
holding ATRO Option 13,600 03 Jun 2022 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 03 Jun 2022 $.01 PV Com Stk 6,625 Direct F2, F3
holding ATRO Option 20,250 03 Jun 2022 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 590 03 Jun 2022 $.01 PV Com Stk 590 Direct F2, F4
holding ATRO Restricted Stock Unit 9,825 03 Jun 2022 $.01 PV Com Stk 9,825 Direct F2, F5
holding ATRO Opton 24,500 03 Jun 2022 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 11,800 03 Jun 2022 $.01 PV Com Stk 11,800 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 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.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 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.
F6 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.