David C. Burney - Feb 23, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 04:22 PM
Previous filing
Dec 21, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV COMMON STOCK 45K Feb 23, 2023 Direct
holding ATRO $.01 PV CLASS B STOCK 192K Feb 23, 2023 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 Award $0 +8.8K $0.00 8.8K Feb 23, 2023 $.01 PV COM STK 8.8K Direct F1, F6
holding ATRO OPTION 2.6K Feb 23, 2023 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Feb 23, 2023 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Feb 23, 2023 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Feb 23, 2023 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Feb 23, 2023 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Feb 23, 2023 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Feb 23, 2023 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Feb 23, 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Feb 23, 2023 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Feb 23, 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Feb 23, 2023 $.01 PV COM STK 8.41K $31.57 Direct
holding ATRO Option 13.6K Feb 23, 2023 $.01 PV COM STK 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.63K Feb 23, 2023 $.01 PV COM STK 6.63K Direct F1, F2
holding ATRO Option 20.3K Feb 23, 2023 $.01 PV COM STK 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 8K Feb 23, 2023 $.01 PV COM STK 8K Direct F1, F3
holding ATRO Restricted Stock Unit 436 Feb 23, 2023 $.01 PV COM STK 436 Direct F1, F4
holding ATRO Option 24.5K Feb 23, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 9.6K Feb 23, 2023 $.01 PV COM STK 9.6K Direct F1, F5
holding ATRO Option 26.7K Feb 23, 2023 $.01 PV COM STK 26.7K $9.74 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2 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.
F3 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.
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 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.
F6 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2023- December 31, 2025. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 23, 2026, with the vesting percentage determined based on actual performance.