James Mulato - Feb 22, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Stock symbol
ATRO
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 04:34 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 20.9K Feb 22, 2024 Direct
holding ATRO $.01 PV CL B STK 1.2K Feb 22, 2024 Direct
holding ATRO $.01 PV Com Stk 100 Feb 22, 2024 Spouse F1
holding ATRO $.01 PV CL B STK 32 Feb 22, 2024 Spouse F1

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 +18.6K $0.00 18.6K Feb 22, 2024 $.01 PV Com Stk 18.6K Direct F2, F7
holding ATRO Option 2.4K Feb 22, 2024 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Feb 22, 2024 $.01 PV CL B STK 1.98K $34.75 Direct
holding ATRO Option 3.3K Feb 22, 2024 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Feb 22, 2024 $.01 PV CL B STK 1.72K $30.83 Direct
holding ATRO Option 4.3K Feb 22, 2024 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Feb 22, 2024 $.01 PV CL B STK 1.39K $27.72 Direct
holding ATRO Option 6.56K Feb 22, 2024 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Feb 22, 2024 $.01 PV CL B STK 984 $31.76 Direct
holding ATRO Option 7.95K Feb 22, 2024 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Feb 22, 2024 $.01 PV CL B STK 1.19K $35.61 Direct
holding ATRO Option 11.6K Feb 22, 2024 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Feb 22, 2024 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Feb 22, 2024 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 32.7K Feb 22, 2024 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K Feb 22, 2024 $.01 PV Com Stk 35.6K $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 210 Feb 22, 2024 $.01 PV Com Stk 210 Direct F2, F3
holding ATRO Restricted Stock Unit 10.5K Feb 22, 2024 $.01 PV Com Stk 10.5K Direct F2, F4
holding ATRO Restricted Stock Unit 12.6K Feb 22, 2024 $.01 PV Com Stk 12.6K Direct F2, F5
holding ATRO Restricted Stock Unit 11.5K Feb 22, 2024 $.01 PV Com Stk 11.5K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by his wife.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F4 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.
F5 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.
F6 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.
F7 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.