Mark Peabody - Mar 10, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Stock symbol
ATRO
Transactions as of
Mar 10, 2023
Transactions value $
-$22,226
Form type
4
Date filed
3/14/2023, 04:19 PM
Previous filing
Feb 27, 2023
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Options Exercise $0 +4.97K +19.58% $0.00 30.3K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$20.9K -1.45K -4.76% $14.47 28.9K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +296 +1.02% $0.00 29.2K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$1.3K -90 -0.31% $14.47 29.1K Mar 10, 2023 Direct F1
holding ATRO $.01 PV Class B Stock 198K Mar 10, 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 Options Exercise $0 -4.97K -100% $0.00* 0 Mar 10, 2023 $.01 PV Com Stk 6.63K Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -296 -50.17% $0.00 294 Mar 10, 2023 $.01 PV Com Stk 590 Direct F2, F4
holding ATRO Option 2.99K Mar 10, 2023 $.01 PV Com Stk 2.99K $28.45 Direct
holding ATRO Option 2.47K Mar 10, 2023 $.01 PV Cl B Stk 2.47K $28.45 Direct
holding ATRO Option 3.47K Mar 10, 2023 $.01 PV Com Stk 3.47K $30.83 Direct
holding ATRO Option 1.81K Mar 10, 2023 $.01 PV Cl B Stk 1.81K $30.83 Direct
holding ATRO Option 4.5K Mar 10, 2023 $.01 PV Com Stk 4.5K $27.72 Direct
holding ATRO Option 1.45K Mar 10, 2023 $.01 PV Cl B Stk 1.45K $27.72 Direct
holding ATRO Option 4.82K Mar 10, 2023 $.01 PV Com Stk 4.82K $31.76 Direct
holding ATRO Option 723 Mar 10, 2023 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7.01K Mar 10, 2023 $.01 PV Com Stk 7.01K $35.61 Direct
holding ATRO Option 1.05K Mar 10, 2023 $.01 PV Cl B Stk 1.05K $35.61 Direct
holding ATRO Option 9.28K Mar 10, 2023 $.01 PV Com Stk 9.28K $31.57 Direct
holding ATRO Option 13.6K Mar 10, 2023 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Mar 10, 2023 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 9.83K Mar 10, 2023 $.01 PV Com Stk 9.83K Direct F2, F5
holding ATRO Opton 24.5K Mar 10, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 11.8K Mar 10, 2023 $.01 PV Com Stk 11.8K Direct F2, F6
holding ATRO Option 26.7K Mar 10, 2023 $.01 PV COM STK 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 10.9K Mar 10, 2023 $.01 PV COM STK 10.9K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
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 January 1, 2020- December 31, 2022. The "target" number of restricted stock units is reported in Table II. Based on actual performance 75% of the target number of units vested on December 31, 2022.
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.