MARK PEABODY - 01 Mar 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: 01 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Mar 2024, 16:23:11 UTC
Previous filing: 26 Feb 2024
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
transaction	ATRO	$.01 PV Com Stk	Award	$0	+251	+0.82%	$0.000000	30,942	01 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-76	-0.25%	$0.000000	30,866	01 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Award	$0	+13,329	+43%	$0.000000	44,195	01 Mar 2024	Direct	F3
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-4,816	-11%	$0.000000	39,379	01 Mar 2024	Direct	F2
holding	ATRO	$.01 PV CL B STK						190,494	01 Mar 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
holding	ATRO	Option						3,470	01 Mar 2024	$.01 PV Com Stk	3,470	$30.83	Direct
holding	ATRO	Option						1,807	01 Mar 2024	$.01 PV CL B STK	1,807	$30.83	Direct
holding	ATRO	Option						4,500	01 Mar 2024	$.01 PV Com Stk	4,500	$27.72	Direct
holding	ATRO	Option						1,451	01 Mar 2024	$.01 PV CL B STK	1,451	$27.72	Direct
holding	ATRO	Option						4,820	01 Mar 2024	$.01 PV Com Stk	4,820	$31.76	Direct
holding	ATRO	Option						723	01 Mar 2024	$.01 PV CL B STK	723	$31.76	Direct
holding	ATRO	Option						7,010	01 Mar 2024	$.01 PV Com Stk	7,010	$35.61	Direct
holding	ATRO	Option						1,052	01 Mar 2024	$.01 PV CL B STK	1,052	$35.61	Direct
holding	ATRO	Option						9,280	01 Mar 2024	$.01 PV Com Stk	9,280	$31.57	Direct
holding	ATRO	Option						13,600	01 Mar 2024	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Option						20,250	01 Mar 2024	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Option						24,500	01 Mar 2024	$.01 PV Com Stk	24,500	$11.13	Direct
holding	ATRO	Option						26,700	01 Mar 2024	$.01 PV Com Stk	26,700	$9.74	Direct
holding	ATRO	Option						8,300	01 Mar 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Restricted Stock Unit						294	01 Mar 2024	$.01 PV Com Stk	294		Direct	F4, F5
holding	ATRO	Restricted Stock Unit						9,825	01 Mar 2024	$.01 PV Com Stk	9,825		Direct	F4, F6
holding	ATRO	Restricted Stock Unit						11,800	01 Mar 2024	$.01 PV Com Stk	11,800		Direct	F4, F7
holding	ATRO	Restricted Stock Unit						10,850	01 Mar 2024	$.01 PV Com Stk	10,850		Direct	F4, F8
holding	ATRO	Restricted Stock Unit						15,900	01 Mar 2024	$.01 PV Com Stk	15,900		Direct	F4, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 bonus plan in shares of the Issuers common stock, par value $0.01 per share, instead of cash, the reporting person was granted the above referenced stock bonus award as a bonus for Q4 2023.
F2	Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F3	Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 bonus plan in shares of the Issuers common stock, par value $0.01 per share, instead of cash, the reporting person was granted the above referenced stock bonus award as an annual bonus for 2023.
F4	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5	These restricted stock units vest ratably on each anniversary of the grant date over three years.
F6	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.
F7	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.
F8	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.
F9	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.