James S. Kramer - 29 Sep 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
Issuer symbol: ATRO
Transactions as of: 29 Sep 2023
Net transactions value: +$25,900
Form type: 4
Filing time: 02 Oct 2023, 16:31:45 UTC
Previous filing: 14 Mar 2023
Next filing: 26 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATRO	$.01 PV Common Stock	Other	$2,326	+133	+0.58%	$17.44	22,985	09 Jun 2023	Direct	F1
transaction	ATRO	$.01 PV Common Stock	Other	$2,331	+137	+0.6%	$16.99	23,122	21 Aug 2023	Direct	F1
transaction	ATRO	$.01 PV Common Stock	Award	$21,243	+2,992	+13%	$7.10	26,114	29 Sep 2023	Direct	F2
holding	ATRO	$.01 PV Class B Stock						123,342	29 Sep 2023	Direct
holding	ATRO	$.01 PV Common Stock						35,555	29 Sep 2023	Estate executor James Kramer
holding	ATRO	$.01 PV Class B Stock						279,758	29 Sep 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
holding	ATRO	Option						2,330	29 Sep 2023	$.01 PV Com Stk	2,330	$28.45	Direct
holding	ATRO	Option						1,923	29 Sep 2023	$.01 PV Cl B Stk	1,922	$28.45	Direct
holding	ATRO	Option						2,720	29 Sep 2023	$.01 PV Com Stk	2,720	$30.83	Direct
holding	ATRO	Option						1,417	29 Sep 2023	$.01 PV Cl B Stk	1,417	$30.83	Direct
holding	ATRO	Option						3,500	29 Sep 2023	$.01 PV Com Stk	3,500	$27.72	Direct
holding	ATRO	Option						1,129	29 Sep 2023	$.01 PV Cl B Stk	1,129	$27.72	Direct
holding	ATRO	Option						3,670	29 Sep 2023	$.01 PV Com Stk	3,670	$31.76	Direct
holding	ATRO	Option						551	29 Sep 2023	$.01 PV Cl B Stk	551	$31.76	Direct
holding	ATRO	Option						5,340	29 Sep 2023	$.01 PV Com Stk	5,340	$35.61	Direct
holding	ATRO	Option						801	29 Sep 2023	$.01 PV Cl B Stk	801	$35.61	Direct
holding	ATRO	Option						7,060	29 Sep 2023	$.01 PV Com Stk	7,060	$31.57	Direct
holding	ATRO	Option						13,600	29 Sep 2023	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Option						20,250	29 Sep 2023	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Restricted Stock Unit						174	29 Sep 2023	$.01 PV Com Stk	174		Direct	F3, F4
holding	ATRO	Restricted Stock Unit						7,375	29 Sep 2023	$.01 PV Com Stk	7,375		Direct	F3, F5
holding	ATRO	Option						24,500	29 Sep 2023	$.01 PV COM STK	24,500	$11.13	Direct
holding	ATRO	Restricted Stock Unit						8,850	29 Sep 2023	$.01 PV Com Stk	8,850		Direct	F3, F6
holding	ATRO	Option						26,700	29 Sep 2023	$.01 PV Com Stk	26,700	$9.74	Direct
holding	ATRO	Restricted Stock Unit						8,150	29 Sep 2023	$.01 PV Com Stk	8,150		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	These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5	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.
F6	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.
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.