MARK PEABODY - 10 Mar 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
Issuer symbol
ATRO
Transactions as of
10 Mar 2023
Net transactions value
-$22,226
Form type
4
Filing time
14 Mar 2023, 16:19:13 UTC
Previous filing
27 Feb 2023
Next filing
02 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Common Stock Options Exercise $0 +4,969 +20% $0.000000 30,347 10 Mar 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability $20,924 -1,446 -4.8% $14.47 28,901 10 Mar 2023 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +296 +1% $0.000000 29,197 10 Mar 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability $1,302 -90 -0.31% $14.47 29,109 10 Mar 2023 Direct F1
holding ATRO $.01 PV Class B Stock 198,494 10 Mar 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 -4,969 -100% $0.000000* 0 10 Mar 2023 $.01 PV Com Stk 6,625 Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -296 -50% $0.000000 294 10 Mar 2023 $.01 PV Com Stk 590 Direct F2, F4
holding ATRO Option 2,990 10 Mar 2023 $.01 PV Com Stk 2,990 $28.45 Direct
holding ATRO Option 2,467 10 Mar 2023 $.01 PV Cl B Stk 2,467 $28.45 Direct
holding ATRO Option 3,470 10 Mar 2023 $.01 PV Com Stk 3,470 $30.83 Direct
holding ATRO Option 1,807 10 Mar 2023 $.01 PV Cl B Stk 1,807 $30.83 Direct
holding ATRO Option 4,500 10 Mar 2023 $.01 PV Com Stk 4,500 $27.72 Direct
holding ATRO Option 1,451 10 Mar 2023 $.01 PV Cl B Stk 1,451 $27.72 Direct
holding ATRO Option 4,820 10 Mar 2023 $.01 PV Com Stk 4,820 $31.76 Direct
holding ATRO Option 723 10 Mar 2023 $.01 PV Cl B Stk 723 $31.76 Direct
holding ATRO Option 7,010 10 Mar 2023 $.01 PV Com Stk 7,010 $35.61 Direct
holding ATRO Option 1,052 10 Mar 2023 $.01 PV Cl B Stk 1,052 $35.61 Direct
holding ATRO Option 9,280 10 Mar 2023 $.01 PV Com Stk 9,280 $31.57 Direct
holding ATRO Option 13,600 10 Mar 2023 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Option 20,250 10 Mar 2023 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 9,825 10 Mar 2023 $.01 PV Com Stk 9,825 Direct F2, F5
holding ATRO Opton 24,500 10 Mar 2023 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 11,800 10 Mar 2023 $.01 PV Com Stk 11,800 Direct F2, F6
holding ATRO Option 26,700 10 Mar 2023 $.01 PV COM STK 26,700 $9.74 Direct
holding ATRO Restricted Stock Unit 10,850 10 Mar 2023 $.01 PV COM STK 10,850 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.