David C. Burney - Mar 10, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Mar 10, 2023
Transactions value $
-$30,350
Form type
4
Date filed
3/14/2023, 04:20 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 +11.04% $0.00 50K Mar 10, 2023 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$29.7K -2.06K -4.11% $14.47 47.9K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Options Exercise $0 +219 +0.46% $0.00 48.1K Mar 10, 2023 Direct
transaction ATRO $.01 PV COMMON STOCK Tax liability -$1.32K -91 -0.19% $14.47 48.1K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $702 +54.8 +0.11% $12.81 48.1K Mar 13, 2023 Direct F2
holding ATRO $.01 PV CLASS B STOCK 192K 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 F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -219 -49.89% $0.00 220 Mar 10, 2023 $.01 PV COM STK 436 Direct F3, F6
holding ATRO OPTION 2.6K Mar 10, 2023 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Mar 10, 2023 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Mar 10, 2023 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Mar 10, 2023 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Mar 10, 2023 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Mar 10, 2023 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Mar 10, 2023 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Mar 10, 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Mar 10, 2023 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Mar 10, 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Mar 10, 2023 $.01 PV COM STK 8.41K $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 8K Mar 10, 2023 $.01 PV COM STK 8K Direct F3, F5
holding ATRO Option 24.5K Mar 10, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 9.6K Mar 10, 2023 $.01 PV COM STK 9.6K Direct F3, F7
holding ATRO Option 26.7K Mar 10, 2023 $.01 PV COM STK 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 8.8K Mar 10, 2023 $.01 PV COM STK 8.8K Direct F3, F8
* 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 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 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.
F5 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.
F6 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7 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.
F8 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.