James Mulato - 01 Mar 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
Issuer symbol
ATRO
Transactions as of
01 Mar 2024
Net transactions value
+$1,357
Form type
4
Filing time
05 Mar 2024, 16:23:51 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 +156 +0.75% $0.000000 21,011 01 Mar 2024 Direct F2
transaction ATRO $.01 PV Com Stk Tax liability $0 -47 -0.22% $0.000000 20,964 01 Mar 2024 Direct F3
transaction ATRO $.01 PV Com Stk Award $0 +9,681 +46% $0.000000 30,645 01 Mar 2024 Direct F4
transaction ATRO $.01 PV Com Stk Tax liability $0 -2,593 -8.5% $0.000000 28,052 01 Mar 2024 Direct F3
transaction ATRO $.01 PV Com Stk Other $1,357 +72 +0.26% $18.90 28,124 04 Mar 2024 Direct F5
holding ATRO $.01 PV CL B STK 1,195 01 Mar 2024 Direct
holding ATRO $.01 PV Com Stk 100 01 Mar 2024 Spouse F1
holding ATRO $.01 PV CL B STK 32 01 Mar 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
holding ATRO Option 2,400 01 Mar 2024 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 01 Mar 2024 $.01 PV CL B STK 1,980 $34.75 Direct
holding ATRO Option 3,300 01 Mar 2024 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 01 Mar 2024 $.01 PV CL B STK 1,719 $30.83 Direct
holding ATRO Option 4,300 01 Mar 2024 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 01 Mar 2024 $.01 PV CL B STK 1,387 $27.72 Direct
holding ATRO Option 6,560 01 Mar 2024 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 01 Mar 2024 $.01 PV CL B STK 984 $31.76 Direct
holding ATRO Option 7,950 01 Mar 2024 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 01 Mar 2024 $.01 PV CL B STK 1,193 $35.61 Direct
holding ATRO Option 11,570 01 Mar 2024 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Option 18,150 01 Mar 2024 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Option 27,000 01 Mar 2024 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Option 32,700 01 Mar 2024 $.01 PV Com Stk 32,700 $11.13 Direct
holding ATRO Option 35,600 01 Mar 2024 $.01 PV Com Stk 35,600 $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 210 01 Mar 2024 $.01 PV Com Stk 210 Direct F6, F7
holding ATRO Restricted Stock Unit 10,450 01 Mar 2024 $.01 PV Com Stk 10,450 Direct F6, F8
holding ATRO Restricted Stock Unit 12,550 01 Mar 2024 $.01 PV Com Stk 12,550 Direct F6, F9
holding ATRO Restricted Stock Unit 11,500 01 Mar 2024 $.01 PV Com Stk 11,500 Direct F6, F10
holding ATRO Restricted Stock Unit 18,550 01 Mar 2024 $.01 PV Com Stk 18,550 Direct F6, F11
* 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 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.
F3 Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F4 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.
F5 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F6 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F7 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8 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.
F9 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.
F10 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.
F11 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.