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

Role: Executive Vice President
Signature: /s/Julie Davis, as Power of Attorney for Michael Kuehn
Issuer symbol: ATRO
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 16:35:42 UTC
Previous filing: 11 Dec 2023
Next filing: 12 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						9,313	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	+18,550		$0.000000	18,550	22 Feb 2024	$.01 PV Com Stk	18,550		Direct	F1, F6
holding	ATRO	Option						8,050	22 Feb 2024	$.01 PV Com Stk	8,050	$35.61	Direct
holding	ATRO	Option						1,208	22 Feb 2024	$.01 PV CL B STK	1,208	$35.61	Direct
holding	ATRO	Option						12,360	22 Feb 2024	$.01 PV Com Stk	12,360	$31.57	Direct
holding	ATRO	Option						18,150	22 Feb 2024	$.01 PV Com Stk	18,150	$30.04	Direct
holding	ATRO	Option						27,000	22 Feb 2024	$.01 PV Com Stk	27,000	$14.45	Direct
holding	ATRO	Option						32,700	22 Feb 2024	$.01 PV Com Stk	32,700	$11.13	Direct
holding	ATRO	Option						35,600	22 Feb 2024	$.01 PV Com Stk	35,600	$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						226	22 Feb 2024	$.01 PV Com Stk	226		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						10,450	22 Feb 2024	$.01 PV Com Stk	10,450		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						12,550	22 Feb 2024	$.01 PV Com Stk	12,550		Direct	F1, F4
holding	ATRO	Restricted Stock Unit						11,500	22 Feb 2024	$.01 PV Com Stk	11,500		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.