James Mulato - Mar 10, 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
Mar 10, 2023
Transactions value $
-$27,361
Form type
4
Date filed
3/14/2023, 04:22 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 +6.49K +51.77% $0.00 19K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$27.5K -1.9K -9.99% $14.47 17.1K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +210 +1.23% $0.00 17.3K Mar 10, 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability -$724 -50 -0.29% $14.47 17.3K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Common Stock Other $856 +66.8 +0.39% $12.81 17.3K Mar 13, 2023 Direct F2
holding ATRO $.01 PV Class B Stock 1.2K Mar 10, 2023 Direct
holding ATRO $.01 PV Common Stock 100 Mar 10, 2023 Spouse F3
holding ATRO $.01 PV Class B Stock 32 Mar 10, 2023 Spouse F3

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 -6.49K -100% $0.00* 0 Mar 10, 2023 $.01 PV Com Stk 8.65K Direct F4, F5
transaction ATRO Restricted Stock Unit Options Exercise $0 -210 -50% $0.00 210 Mar 10, 2023 $.01 PV Com Stk 420 Direct F4, F6
holding ATRO Option 2.4K Mar 10, 2023 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Mar 10, 2023 $.01 PV Cl B Stk 1.98K $34.75 Direct
holding ATRO Option 3.3K Mar 10, 2023 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Mar 10, 2023 $.01 PV Cl B Stk 1.72K $30.83 Direct
holding ATRO Option 4.3K Mar 10, 2023 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Mar 10, 2023 $.01 PV Cl B Stk 1.39K $27.72 Direct
holding ATRO Option 6.56K Mar 10, 2023 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Mar 10, 2023 $.01 PV Cl B Stk 984 $31.76 Direct
holding ATRO Option 7.95K Mar 10, 2023 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Mar 10, 2023 $.01 PV Cl B Stk 1.19K $35.61 Direct
holding ATRO Option 11.6K Mar 10, 2023 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Mar 10, 2023 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Mar 10, 2023 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 10.5K Mar 10, 2023 $.01 PV Com Stk 10.5K Direct F4, F7
holding ATRO Option 32.7K Mar 10, 2023 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Restricted Stock Unit 12.6K Mar 10, 2023 $.01 PV COM STK 12.6K Direct F4, F8
holding ATRO Option 35.6K Mar 10, 2023 $.01 PV COM STK 35.6K $9.74 Direct
holding ATRO Restricted Stock Unit 11.5K Mar 10, 2023 $.01 PV COM STK 11.5K Direct F4, F9
* 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 Represents shares owned by his wife.
F4 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5 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.
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 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.
F8 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.
F9 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.