PETER J. GUNDERMANN - 22 Feb 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: PRESIDENT/CEO, Director
Signature: /S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol: ATRO
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 16:23:33 UTC
Previous filing: 11 Dec 2023
Next filing: 05 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATRO	$.01 PV Com Stk						52,119	22 Feb 2024	Direct
holding	ATRO	$.01 PV CL B STK						743,493	22 Feb 2024	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	Restricted Stock Unit	Award	$0	+26,450		$0.000000	26,450	22 Feb 2024	$.01 PV Com Stk	26,450		Direct	F1, F6
holding	ATRO	Option						10,100	22 Feb 2024	$.01 PV Com Stk	10,100	$30.83	Direct
holding	ATRO	Option						5,261	22 Feb 2024	$.01 PV CL B STK	5,261	$30.83	Direct
holding	ATRO	Option						13,700	22 Feb 2024	$.01 PV Com Stk	13,700	$27.72	Direct
holding	ATRO	Option						4,418	22 Feb 2024	$.01 PV CL B STK	4,418	$27.72	Direct
holding	ATRO	Option						14,460	22 Feb 2024	$.01 PV Com Stk	14,460	$31.76	Direct
holding	ATRO	Option						2,169	22 Feb 2024	$.01 PV CL B STK	2,169	$31.76	Direct
holding	ATRO	Option						26,300	22 Feb 2024	$.01 PV Com Stk	26,300	$35.61	Direct
holding	ATRO	Option						3,945	22 Feb 2024	$.01 PV CL B STK	3,945	$35.61	Direct
holding	ATRO	Option						34,790	22 Feb 2024	$.01 PV Com Stk	34,790	$31.57	Direct
holding	ATRO	Option						61,200	22 Feb 2024	$.01 PV Com Stk	61,200	$30.04	Direct
holding	ATRO	Option						98,900	22 Feb 2024	$.01 PV Com Stk	98,900	$14.45	Direct
holding	ATRO	Option						115,800	22 Feb 2024	$.01 PV Com Stk	115,800	$11.13	Direct
holding	ATRO	Option						125,000	22 Feb 2024	$.01 PV Com Stk	125,000	$9.74	Direct
holding	ATRO	Option						83,900	22 Feb 2024	$.01 PV Com Stk	83,900	$15.15	Direct
holding	ATRO	Restricted Stock Unit						350	22 Feb 2024	$.01 PV Com Stk	350		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						12,275	22 Feb 2024	$.01 PV Com Stk	12,275		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						14,750	22 Feb 2024	$.01 PV Com Stk	14,750		Direct	F1, F4
holding	ATRO	Restricted Stock Unit						13,550	22 Feb 2024	$.01 PV Com Stk	13,550		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2	These restricted stock units vest ratably on each anniversary of the grant date over three years.
F3	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.
F4	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.
F5	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.
F6	Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2024- December 31, 2026. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 22, 2027, with the vesting percentage determined based on actual performance.