James Mulato - 23 Feb 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Issuer symbol
ATRO
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 16:26:58 UTC
Previous filing
20 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 12,533 23 Feb 2023 Direct
holding ATRO $.01 PV Class B Stock 1,195 23 Feb 2023 Direct
holding ATRO $.01 PV Common Stock 100 23 Feb 2023 Spouse F1
holding ATRO $.01 PV Class B Stock 32 23 Feb 2023 Spouse 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 Restricted Stock Unit Award $0 +11,500 $0.000000 11,500 23 Feb 2023 $.01 PV COM STK 11,500 Direct F2, F7
holding ATRO Option 2,400 23 Feb 2023 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 23 Feb 2023 $.01 PV Cl B Stk 1,980 $34.75 Direct
holding ATRO Option 3,300 23 Feb 2023 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 23 Feb 2023 $.01 PV Cl B Stk 1,719 $30.83 Direct
holding ATRO Option 4,300 23 Feb 2023 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 23 Feb 2023 $.01 PV Cl B Stk 1,387 $27.72 Direct
holding ATRO Option 6,560 23 Feb 2023 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 23 Feb 2023 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7,950 23 Feb 2023 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 23 Feb 2023 $.01 PV Cl B Stk 1,193 $35.61 Direct
holding ATRO Option 11,570 23 Feb 2023 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Option 18,150 23 Feb 2023 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Restricted Stock Unit 8,650 23 Feb 2023 $.01 PV Com Stk 8,650 Direct F2, F3
holding ATRO Option 27,000 23 Feb 2023 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 420 23 Feb 2023 $.01 PV Com Stk 420 Direct F2, F4
holding ATRO Restricted Stock Unit 10,450 23 Feb 2023 $.01 PV Com Stk 10,450 Direct F2, F5
holding ATRO Option 32,700 23 Feb 2023 $.01 PV COM STK 32,700 $11.13 Direct
holding ATRO Restricted Stock Unit 12,550 23 Feb 2023 $.01 PV COM STK 12,550 Direct F2, F6
holding ATRO Option 35,600 23 Feb 2023 $.01 PV COM STK 35,600 $9.74 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by his wife.
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.
F7 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.