Michael Kuehn - Sep 29, 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
Sep 29, 2023
Transactions value $
$8,862
Form type
4
Date filed
10/2/2023, 04:32 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 Com Stk Other $2.7K +155 +1.85% $17.44 8.53K Jun 9, 2023 Direct F1
transaction ATRO $.01 PV Com Stk Other $3.16K +186 +2.18% $16.99 8.72K Aug 21, 2023 Direct F1
transaction ATRO $.01 PV Com Stk Award $3K +422 +4.84% $7.10 9.14K Sep 29, 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
holding ATRO Option 8.05K Sep 29, 2023 $.01PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Sep 29, 2023 $.01 PV Cl B Stk 1.21K $35.61 Direct
holding ATRO Option 12.4K Sep 29, 2023 $.01PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 18.2K Sep 29, 2023 $.01PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Sep 29, 2023 $.01PV Com Stk 27K $14.45 Direct
holding ATRO Restricted Stock Unit 226 Sep 29, 2023 $.01PV Com Stk 226 Direct F3, F4
holding ATRO Restricted Stock Unit 10.5K Sep 29, 2023 $.01 PV Com Stk 10.5K Direct F3, F5
holding ATRO Option 32.7K Sep 29, 2023 $.01 PV COM STK 32.7K $11.13 Direct
holding ATRO Restricted Stock Unit 12.6K Sep 29, 2023 $.01 PV Com Stk 12.6K Direct F3, F6
holding ATRO Option 35.6K Sep 29, 2023 $.01 PV COM STK 35.6K $9.74 Direct
holding ATRO Restricted Stock Unit 11.5K Sep 29, 2023 $.01 PV COM STK 11.5K 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.