Nancy L. Hedges - Feb 22, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Principal Accounting Officer
Signature
/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges
Stock symbol
ATRO
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 04:40 PM
Previous filing
Oct 2, 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 16.9K Feb 22, 2024 Direct
holding ATRO $.01 PV CL B STK 607 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 +5.02K $0.00 5.02K Feb 22, 2024 $.01 PV Com Stk 5.02K Direct F1, F6
holding ATRO Option 1.12K Feb 22, 2024 $.01 PV Com Stk 1.12K $30.83 Direct
holding ATRO Option 583 Feb 22, 2024 $.01 PV CL B STK 583 $30.83 Direct
holding ATRO Option 1.4K Feb 22, 2024 $.01 PV Com Stk 1.4K $27.72 Direct
holding ATRO Option 452 Feb 22, 2024 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Option 1.52K Feb 22, 2024 $.01 PV Com Stk 1.52K $31.76 Direct
holding ATRO Option 228 Feb 22, 2024 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Restricted Stock Unit 138 Feb 22, 2024 $.01 PV Com Stk 138 Direct F1, F2
holding ATRO Restricted Stock Unit 4.44K Feb 22, 2024 $.01 PV Com Stk 4.44K Direct F1, F3
holding ATRO Restricted Stock Unit 5.5K Feb 22, 2024 $.01 PV Com Stk 5.5K Direct F1, F4
holding ATRO Restricted Stock Unit 5.05K Feb 22, 2024 $.01 PV Com Stk 5.05K 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 These restricted stock units are scheduled to vest 100% on February 26, 2024.
F4 These restricted stock units are scheduled to vest 100% on February 24, 2025.
F5 These restricted stock units are scheduled to vest 100% on February 23, 2026.
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.