Peter J. Gundermann - Feb 23, 2023 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
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 04:22 PM
Previous filing
Dec 13, 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 45.6K Feb 23, 2023 Direct
holding ATRO $.01 PV CLASS B STOCK 743K 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 +13.6K $0.00 13.6K Feb 23, 2023 $.01 PV COM STK 13.6K Direct F1, F6
holding ATRO OPTION 8.3K Feb 23, 2023 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Feb 23, 2023 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Feb 23, 2023 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Feb 23, 2023 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Feb 23, 2023 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Feb 23, 2023 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Feb 23, 2023 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Feb 23, 2023 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Feb 23, 2023 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Feb 23, 2023 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Feb 23, 2023 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Option 61.2K Feb 23, 2023 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 10.2K Feb 23, 2023 $.01 PV COM STK 10.2K Direct F1, F2
holding ATRO Option 98.9K Feb 23, 2023 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 701 Feb 23, 2023 $.01 PV COM STK 1.05K Direct F1, F3
holding ATRO Restricted Stock Unit 12.3K Feb 23, 2023 $.01 PV COM STK 12.3K Direct F1, F4
holding ATRO Option 116K Feb 23, 2023 $.01 PV COM STK 116K $11.13 Direct
holding ATRO Restricted Stock Unit 14.8K Feb 23, 2023 $.01 PV COM STK 14.8K Direct F1, F5
holding ATRO Option 125K Feb 23, 2023 $.01 PV COM STK 125K $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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F4 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.
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.