PETER J. GUNDERMANN - 23 Feb 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
Issuer symbol
ATRO
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 16:22:54 UTC
Previous filing
13 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 45,639 23 Feb 2023 Direct
holding ATRO $.01 PV CLASS B STOCK 743,493 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 +13,550 $0.000000 13,550 23 Feb 2023 $.01 PV COM STK 13,550 Direct F1, F6
holding ATRO OPTION 8,300 23 Feb 2023 $.01 PV COM STK 8,300 $28.45 Direct
holding ATRO OPTION 6,848 23 Feb 2023 $.01 PV CL B STK 6,848 $28.45 Direct
holding ATRO OPTION 10,100 23 Feb 2023 $.01 PV COM STK 10,100 $30.83 Direct
holding ATRO OPTION 5,261 23 Feb 2023 $.01 PV CL B STK 5,261 $30.83 Direct
holding ATRO OPTION 13,700 23 Feb 2023 $.01 PV COM STK 13,700 $27.72 Direct
holding ATRO Option 4,418 23 Feb 2023 $.01 PV CL B STK 4,418 $27.72 Direct
holding ATRO Option 14,460 23 Feb 2023 $.01 PV COM STK 14,460 $31.76 Direct
holding ATRO Option 2,169 23 Feb 2023 $.01 PV CL B STK 2,169 $31.76 Direct
holding ATRO Option 26,300 23 Feb 2023 $.01 PV COM STK 26,300 $35.61 Direct
holding ATRO Option 3,945 23 Feb 2023 $.01 PV CL B STK 3,945 $35.61 Direct
holding ATRO Option 34,790 23 Feb 2023 $.01 PV COM STK 34,790 $31.57 Direct
holding ATRO Option 61,200 23 Feb 2023 $.01 PV COM STK 61,200 $30.04 Direct
holding ATRO Restricted Stock Unit 10,175 23 Feb 2023 $.01 PV COM STK 10,175 Direct F1, F2
holding ATRO Option 98,900 23 Feb 2023 $.01 PV COM STK 98,900 $14.45 Direct
holding ATRO Restricted Stock Unit 701 23 Feb 2023 $.01 PV COM STK 1,052 Direct F1, F3
holding ATRO Restricted Stock Unit 12,275 23 Feb 2023 $.01 PV COM STK 12,275 Direct F1, F4
holding ATRO Option 115,800 23 Feb 2023 $.01 PV COM STK 115,800 $11.13 Direct
holding ATRO Restricted Stock Unit 14,750 23 Feb 2023 $.01 PV COM STK 14,750 Direct F1, F5
holding ATRO Option 125,000 23 Feb 2023 $.01 PV COM STK 125,000 $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.