Peter J. Gundermann - Dec 7, 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Dec 7, 2023
Transactions value $
$1,280,917
Form type
4
Date filed
12/11/2023, 05:14 PM
Previous filing
Nov 16, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV COMMON STOCK Other $4.58K +263 +0.51% $17.44 51.8K Jun 9, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $4.53K +270 +0.52% $16.77 52.1K Aug 21, 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $726 +46.8 +0.09% $15.50 52.1K Nov 20, 2023 Direct F1
holding ATRO $.01 PV CLASS B STOCK 743K Dec 7, 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
transaction ATRO Option Options Exercise $1.27M +83.9K $15.15 83.9K Dec 7, 2023 $.01 PV COM STK 83.9K $15.15 Direct
holding ATRO OPTION 8.3K Dec 7, 2023 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K Dec 7, 2023 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K Dec 7, 2023 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K Dec 7, 2023 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K Dec 7, 2023 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K Dec 7, 2023 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Dec 7, 2023 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K Dec 7, 2023 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Dec 7, 2023 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K Dec 7, 2023 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Dec 7, 2023 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Option 61.2K Dec 7, 2023 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Option 98.9K Dec 7, 2023 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 350 Dec 7, 2023 $.01 PV COM STK 350 Direct F2, F3
holding ATRO Restricted Stock Unit 12.3K Dec 7, 2023 $.01 PV COM STK 12.3K Direct F2, F4
holding ATRO Option 116K Dec 7, 2023 $.01 PV COM STK 116K $11.13 Direct
holding ATRO Restricted Stock Unit 14.8K Dec 7, 2023 $.01 PV COM STK 14.8K Direct F2, F5
holding ATRO Option 125K Dec 7, 2023 $.01 PV COM STK 125K $9.74 Direct
holding ATRO Restricted Stock Unit 13.6K Dec 7, 2023 $.01 PV COM STK 13.6K Direct F2, F6
* 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 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 These restricted stock units vest ratably on each anniversary of the grant date over three years.
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 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.
F6 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.