DAVID C. BURNEY - 22 Feb 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: VP-FINANCE, CFO
Signature: /S/Julie Davis, as power of attorney for David C. Burney
Issuer symbol: ATRO
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 16:27:22 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						51,623	22 Feb 2024	Direct
holding	ATRO	$.01 PV CL B STK						191,833	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	+23,800		$0.000000	23,800	22 Feb 2024	$.01 PV Com Stk	23,800		Direct	F1, F6
holding	ATRO	Option						3,150	22 Feb 2024	$.01 PV Com Stk	3,150	$30.83	Direct
holding	ATRO	Option						1,641	22 Feb 2024	$.01 PV CL B STK	1,641	$30.83	Direct
holding	ATRO	Option						4,100	22 Feb 2024	$.01 PV Com Stk	4,100	$27.72	Direct
holding	ATRO	Option						1,322	22 Feb 2024	$.01 PV CL B STK	1,322	$27.72	Direct
holding	ATRO	Option						4,370	22 Feb 2024	$.01 PV Com Stk	4,370	$31.76	Direct
holding	ATRO	Option						656	22 Feb 2024	$.01 PV CL B STK	656	$31.76	Direct
holding	ATRO	Option						6,350	22 Feb 2024	$.01 PV Com Stk	6,350	$35.61	Direct
holding	ATRO	Option						953	22 Feb 2024	$.01 PV CL B STK	953	$35.61	Direct
holding	ATRO	Option						8,410	22 Feb 2024	$.01 PV Com Stk	8,410	$31.57	Direct
holding	ATRO	Option						13,600	22 Feb 2024	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Option						20,250	22 Feb 2024	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Option						24,500	22 Feb 2024	$.01 PV Com Stk	24,500	$11.13	Direct
holding	ATRO	Option						26,700	22 Feb 2024	$.01 PV Com Stk	26,700	$9.74	Direct
holding	ATRO	Option						8,300	22 Feb 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Restricted Stock Unit						220	22 Feb 2024	$.01 PV Com Stk	220		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						8,000	22 Feb 2024	$.01 PV Com Stk	8,000		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						9,600	22 Feb 2024	$.01 PV Com Stk	9,600		Direct	F1, F4
holding	ATRO	Restricted Stock Unit						8,800	22 Feb 2024	$.01 PV Com Stk	8,800		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.