MARK PEABODY - 22 Feb 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: VP Astronics Advanced Electron
Signature: /s/Julie Davis, as Power of Attorney for Mark Peabody
Issuer symbol: ATRO
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 16:32:29 UTC
Previous filing: 11 Mar 2025
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						30,691	22 Feb 2024	Direct
holding	ATRO	$.01 PV CL B STK						190,494	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	+15,900		$0.000000	15,900	22 Feb 2024	$.01 PV Com Stk	15,900		Direct	F1, F6
holding	ATRO	Option						3,470	22 Feb 2024	$.01 PV Com Stk	3,470	$30.83	Direct
holding	ATRO	Option						1,807	22 Feb 2024	$.01 PV CL B STK	1,807	$30.83	Direct
holding	ATRO	Option						4,500	22 Feb 2024	$.01 PV Com Stk	4,500	$27.72	Direct
holding	ATRO	Option						1,451	22 Feb 2024	$.01 PV CL B STK	1,451	$27.72	Direct
holding	ATRO	Option						4,820	22 Feb 2024	$.01 PV Com Stk	4,820	$31.76	Direct
holding	ATRO	Option						723	22 Feb 2024	$.01 PV CL B STK	723	$31.76	Direct
holding	ATRO	Option						7,010	22 Feb 2024	$.01 PV Com Stk	7,010	$35.61	Direct
holding	ATRO	Option						1,052	22 Feb 2024	$.01 PV CL B STK	1,052	$35.61	Direct
holding	ATRO	Option						9,280	22 Feb 2024	$.01 PV Com Stk	9,280	$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						294	22 Feb 2024	$.01 PV Com Stk	294		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						9,825	22 Feb 2024	$.01 PV Com Stk	9,825		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						11,800	22 Feb 2024	$.01 PV Com Stk	11,800		Direct	F1, F4
holding	ATRO	Restricted Stock Unit						10,850	22 Feb 2024	$.01 PV Com Stk	10,850		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 January1, 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 January1, 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.