James Mulato - Feb 23, 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
Stock symbol
ATRO
Transactions as of
Feb 23, 2023
Transactions value $
$0
Form type
4
Date filed
2/27/2023, 04:26 PM
Previous filing
Dec 20, 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 12.5K Feb 23, 2023 Direct
holding ATRO $.01 PV Class B Stock 1.2K Feb 23, 2023 Direct
holding ATRO $.01 PV Common Stock 100 Feb 23, 2023 Spouse F1
holding ATRO $.01 PV Class B Stock 32 Feb 23, 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 +11.5K $0.00 11.5K Feb 23, 2023 $.01 PV COM STK 11.5K Direct F2, F7
holding ATRO Option 2.4K Feb 23, 2023 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Feb 23, 2023 $.01 PV Cl B Stk 1.98K $34.75 Direct
holding ATRO Option 3.3K Feb 23, 2023 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Feb 23, 2023 $.01 PV Cl B Stk 1.72K $30.83 Direct
holding ATRO Option 4.3K Feb 23, 2023 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Feb 23, 2023 $.01 PV Cl B Stk 1.39K $27.72 Direct
holding ATRO Option 6.56K Feb 23, 2023 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Feb 23, 2023 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7.95K Feb 23, 2023 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Feb 23, 2023 $.01 PV Cl B Stk 1.19K $35.61 Direct
holding ATRO Option 11.6K Feb 23, 2023 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Feb 23, 2023 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 8.65K Feb 23, 2023 $.01 PV Com Stk 8.65K Direct F2, F3
holding ATRO Option 27K Feb 23, 2023 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 420 Feb 23, 2023 $.01 PV Com Stk 420 Direct F2, F4
holding ATRO Restricted Stock Unit 10.5K Feb 23, 2023 $.01 PV Com Stk 10.5K Direct F2, F5
holding ATRO Option 32.7K Feb 23, 2023 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Restricted Stock Unit 12.6K Feb 23, 2023 $.01 PV COM STK 12.6K Direct F2, F6
holding ATRO Option 35.6K Feb 23, 2023 $.01 PV COM STK 35.6K $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.