Michael Kuehn - Mar 10, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for Michael Kuehn
Stock symbol
ATRO
Transactions as of
Mar 10, 2023
Transactions value $
-$32,303
Form type
4
Date filed
3/14/2023, 04:25 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 Com Stk Options Exercise $0 +6.49K +166.98% $0.00 10.4K Mar 10, 2023 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$32.5K -2.25K -21.64% $14.47 8.13K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +227 +2.79% $0.00 8.36K Mar 10, 2023 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$622 -43 -0.51% $14.47 8.31K Mar 10, 2023 Direct F1
transaction ATRO $.01 PV Com Stk Other $804 +62.8 +0.76% $12.81 8.38K Mar 13, 2023 Direct F2

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 $.01PV Com Stk 8.65K Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -227 -50.11% $0.00 226 Mar 10, 2023 $.01PV Com Stk 453 Direct F3, F5
holding ATRO Option 8.05K Mar 10, 2023 $.01PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Mar 10, 2023 $.01 PV Cl B Stk 1.21K $35.61 Direct
holding ATRO Option 12.4K Mar 10, 2023 $.01PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 18.2K Mar 10, 2023 $.01PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Mar 10, 2023 $.01PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 10.5K Mar 10, 2023 $.01 PV Com Stk 10.5K Direct F3, F6
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 F3, F7
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 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 Corporation 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.