Peter J. Gundermann - Feb 22, 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
Stock symbol
ATRO
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 04:23 PM
Previous filing
Dec 11, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Com Stk 52.1K Feb 22, 2024 Direct
holding ATRO $.01 PV CL B STK 743K Feb 22, 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 +26.5K $0.00 26.5K Feb 22, 2024 $.01 PV Com Stk 26.5K Direct F1, F6
holding ATRO Option 10.1K Feb 22, 2024 $.01 PV Com Stk 10.1K $30.83 Direct
holding ATRO Option 5.26K Feb 22, 2024 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO Option 13.7K Feb 22, 2024 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 4.42K Feb 22, 2024 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Feb 22, 2024 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 2.17K Feb 22, 2024 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Feb 22, 2024 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Option 3.95K Feb 22, 2024 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Feb 22, 2024 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 61.2K Feb 22, 2024 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Option 98.9K Feb 22, 2024 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Option 116K Feb 22, 2024 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 125K Feb 22, 2024 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 83.9K Feb 22, 2024 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 350 Feb 22, 2024 $.01 PV Com Stk 350 Direct F1, F2
holding ATRO Restricted Stock Unit 12.3K Feb 22, 2024 $.01 PV Com Stk 12.3K Direct F1, F3
holding ATRO Restricted Stock Unit 14.8K Feb 22, 2024 $.01 PV Com Stk 14.8K Direct F1, F4
holding ATRO Restricted Stock Unit 13.6K Feb 22, 2024 $.01 PV Com Stk 13.6K 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.