DAVID C. BURNEY - 23 Feb 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
Issuer symbol
ATRO
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 16:22:23 UTC
Previous filing
21 Dec 2022
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV COMMON STOCK 45,010 23 Feb 2023 Direct
holding ATRO $.01 PV CLASS B STOCK 191,833 23 Feb 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 +8,800 $0.000000 8,800 23 Feb 2023 $.01 PV COM STK 8,800 Direct F1, F6
holding ATRO OPTION 2,600 23 Feb 2023 $.01 PV COM STK 2,600 $28.45 Direct
holding ATRO Option 2,145 23 Feb 2023 $.01 PV CL B STK 2,145 $28.45 Direct
holding ATRO OPTION 3,150 23 Feb 2023 $.01 PV COM STK 3,150 $30.83 Direct
holding ATRO Option 1,641 23 Feb 2023 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 23 Feb 2023 $.01 PV COM STK 4,100 $27.72 Direct
holding ATRO Option 1,322 23 Feb 2023 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 23 Feb 2023 $.01 PV COM STK 4,370 $31.76 Direct
holding ATRO Option 656 23 Feb 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 23 Feb 2023 $.01 PV COM STK 6,350 $35.61 Direct
holding ATRO Option 953 23 Feb 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 23 Feb 2023 $.01 PV COM STK 8,410 $31.57 Direct
holding ATRO Option 13,600 23 Feb 2023 $.01 PV COM STK 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,625 23 Feb 2023 $.01 PV COM STK 6,625 Direct F1, F2
holding ATRO Option 20,250 23 Feb 2023 $.01 PV COM STK 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 8,000 23 Feb 2023 $.01 PV COM STK 8,000 Direct F1, F3
holding ATRO Restricted Stock Unit 436 23 Feb 2023 $.01 PV COM STK 436 Direct F1, F4
holding ATRO Option 24,500 23 Feb 2023 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 9,600 23 Feb 2023 $.01 PV COM STK 9,600 Direct F1, F5
holding ATRO Option 26,700 23 Feb 2023 $.01 PV COM STK 26,700 $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.