David C. Burney - Feb 22, 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
Stock symbol
ATRO
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 04:27 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 51.6K Feb 22, 2024 Direct
holding ATRO $.01 PV CL B STK 192K 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 +23.8K $0.00 23.8K Feb 22, 2024 $.01 PV Com Stk 23.8K Direct F1, F6
holding ATRO Option 3.15K Feb 22, 2024 $.01 PV Com Stk 3.15K $30.83 Direct
holding ATRO Option 1.64K Feb 22, 2024 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Feb 22, 2024 $.01 PV Com Stk 4.1K $27.72 Direct
holding ATRO Option 1.32K Feb 22, 2024 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Feb 22, 2024 $.01 PV Com Stk 4.37K $31.76 Direct
holding ATRO Option 656 Feb 22, 2024 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Feb 22, 2024 $.01 PV Com Stk 6.35K $35.61 Direct
holding ATRO Option 953 Feb 22, 2024 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Feb 22, 2024 $.01 PV Com Stk 8.41K $31.57 Direct
holding ATRO Option 13.6K Feb 22, 2024 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Feb 22, 2024 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Option 24.5K Feb 22, 2024 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Option 26.7K Feb 22, 2024 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Option 8.3K Feb 22, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 220 Feb 22, 2024 $.01 PV Com Stk 220 Direct F1, F2
holding ATRO Restricted Stock Unit 8K Feb 22, 2024 $.01 PV Com Stk 8K Direct F1, F3
holding ATRO Restricted Stock Unit 9.6K Feb 22, 2024 $.01 PV Com Stk 9.6K Direct F1, F4
holding ATRO Restricted Stock Unit 8.8K Feb 22, 2024 $.01 PV Com Stk 8.8K 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.