James S. Kramer - Mar 10, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Stock symbol
ATRO
Transactions as of
Mar 10, 2023
Transactions value $
-$24,738
Form type
4
Date filed
3/14/2023, 04:21 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 +4.58K +23.12% $0.00 24.4K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$26K -1.8K -7.38% $14.47 22.6K Mar 10, 2022 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +175 +0.78% $0.00 22.7K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$998 -69 -0.3% $14.47 22.7K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Common Stock Other $2.26K +177 +0.78% $12.81 22.9K Mar 13, 2023 Direct F2
holding ATRO $.01 PV Class B Stock 123K Mar 10, 2023 Direct
holding ATRO $.01 PV Common Stock 35.6K Mar 10, 2023 Estate executor James Kramer
holding ATRO $.01 PV Class B Stock 280K Mar 10, 2023 Estate executor James Kramer

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 -4.58K -100% $0.00* 0 Mar 10, 2023 $.01 PV Com Stk 6.1K Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -175 -50.14% $0.00 174 Mar 10, 2023 $.01 PV Com Stk 349 Direct F3, F5
holding ATRO Option 2.33K Mar 10, 2023 $.01 PV Com Stk 2.33K $28.45 Direct
holding ATRO Option 1.92K Mar 10, 2023 $.01 PV Cl B Stk 1.92K $28.45 Direct
holding ATRO Option 2.72K Mar 10, 2023 $.01 PV Com Stk 2.72K $30.83 Direct
holding ATRO Option 1.42K Mar 10, 2023 $.01 PV Cl B Stk 1.42K $30.83 Direct
holding ATRO Option 3.5K Mar 10, 2023 $.01 PV Com Stk 3.5K $27.72 Direct
holding ATRO Option 1.13K Mar 10, 2023 $.01 PV Cl B Stk 1.13K $27.72 Direct
holding ATRO Option 3.67K Mar 10, 2023 $.01 PV Com Stk 3.67K $31.76 Direct
holding ATRO Option 551 Mar 10, 2023 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5.34K Mar 10, 2023 $.01 PV Com Stk 5.34K $35.61 Direct
holding ATRO Option 801 Mar 10, 2023 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7.06K Mar 10, 2023 $.01 PV Com Stk 7.06K $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 7.38K Mar 10, 2023 $.01 PV Com Stk 7.38K Direct F3, F6
holding ATRO Option 24.5K Mar 10, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 8.85K Mar 10, 2023 $.01 PV Com Stk 8.85K 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 8.15K Mar 10, 2023 $.01 PV Com Stk 8.15K 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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F6 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.
F7 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.
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.