David C. Burney - Sep 29, 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
Sep 29, 2023
Transactions value $
$27,039
Form type
4
Date filed
10/2/2023, 04:29 PM
Previous filing
Mar 14, 2023
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Other $2.9K +166 +0.35% $17.44 48.3K Jun 9, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $2.9K +171 +0.35% $16.99 48.4K Aug 21, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Award $21.2K +2.99K +6.18% $7.10 51.4K Sep 29, 2023 Direct F2
holding ATRO $.01 PV CLASS B STOCK 192K Sep 29, 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
holding ATRO OPTION 2.6K Sep 29, 2023 $.01 PV COM STK 2.6K $28.45 Direct
holding ATRO Option 2.15K Sep 29, 2023 $.01 PV CL B STK 2.15K $28.45 Direct
holding ATRO OPTION 3.15K Sep 29, 2023 $.01 PV COM STK 3.15K $30.83 Direct
holding ATRO Option 1.64K Sep 29, 2023 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Sep 29, 2023 $.01 PV COM STK 4.1K $27.72 Direct
holding ATRO Option 1.32K Sep 29, 2023 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Sep 29, 2023 $.01 PV COM STK 4.37K $31.76 Direct
holding ATRO Option 656 Sep 29, 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Sep 29, 2023 $.01 PV COM STK 6.35K $35.61 Direct
holding ATRO Option 953 Sep 29, 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Sep 29, 2023 $.01 PV COM STK 8.41K $31.57 Direct
holding ATRO Option 13.6K Sep 29, 2023 $.01 PV COM STK 13.6K $30.04 Direct
holding ATRO Option 20.3K Sep 29, 2023 $.01 PV COM STK 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 8K Sep 29, 2023 $.01 PV COM STK 8K Direct F3, F4
holding ATRO Restricted Stock Unit 220 Sep 29, 2023 $.01 PV COM STK 220 Direct F3, F5
holding ATRO Option 24.5K Sep 29, 2023 $.01 PV COM STK 24.5K $11.13 Direct
holding ATRO Restricted Stock Unit 9.6K Sep 29, 2023 $.01 PV COM STK 9.6K Direct F3, F6
holding ATRO Option 26.7K Sep 29, 2023 $.01 PV COM STK 26.7K $9.74 Direct
holding ATRO Restricted Stock Unit 8.8K Sep 29, 2023 $.01 PV COM STK 8.8K Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 ACQUIRED SHARES VIA EXERCISE OF SUBSCRIPTION AGREEMENT UNDER EMPLOYEE STOCK PURCHASE PLAN
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, 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.
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 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.
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.