Michael Kuehn - Jun 3, 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: Executive Vice President
Signature: /s/Julie Davis, as Power of Attorney for Michael Kuehn
Stock symbol: ATRO
Transactions as of: Jun 3, 2022
Transactions value $: $346,744
Form type: 4
Date filed: 12/20/2022, 03:28 PM
Previous filing: Mar 15, 2022
Next filing: Feb 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATRO	$.01 PV Com Stk	Other	$0	+245	+8.04%	$0.00	3.3K	Jun 3, 2022	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Other	$0	+333	+10.1%	$0.00	3.63K	Aug 31, 2022	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Other	$0	+253	+6.96%	$0.00	3.89K	Dec 9, 2022	Direct	F1

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	$347K	+35.6K		$9.74	35.6K	Dec 16, 2022	$.01 PV COM STK	35.6K	$9.74	Direct
holding	ATRO	Option						8.05K	Jun 3, 2022	$.01PV Com Stk	8.05K	$35.61	Direct
holding	ATRO	Option						1.21K	Jun 3, 2022	$.01 PV Cl B Stk	1.21K	$35.61	Direct
holding	ATRO	Option						12.4K	Jun 3, 2022	$.01PV Com Stk	12.4K	$31.57	Direct
holding	ATRO	Option						18.2K	Jun 3, 2022	$.01PV Com Stk	18.2K	$30.04	Direct
holding	ATRO	Restricted Stock Unit						8.65K	Jun 3, 2022	$.01PV Com Stk	8.65K		Direct	F2, F3
holding	ATRO	Option						27K	Jun 3, 2022	$.01PV Com Stk	27K	$14.45	Direct
holding	ATRO	Restricted Stock Unit						453	Jun 3, 2022	$.01PV Com Stk	453		Direct	F2, F4
holding	ATRO	Restricted Stock Unit						10.5K	Jun 3, 2022	$.01 PV Com Stk	10.5K		Direct	F2, F5
holding	ATRO	Option						32.7K	Jun 3, 2022	$.01 PV COM STK	32.7K	$11.13	Direct
holding	ATRO	Restricted Stock Unit						12.6K	Jun 3, 2022	$.01 PV Com Stk	12.6K		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.