Michael C. Kuehn - 01 Mar 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: 01 Mar 2024
Net transactions value: +$1,316
Form type: 4
Filing time: 05 Mar 2024, 16:24:38 UTC
Previous filing: 12 Mar 2024
Next filing: 15 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	+193	+2.1%	$0.000000	9,506	01 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-68	-0.72%	$0.000000	9,438	01 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Award	$0	+10,241	+109%	$0.000000	19,679	01 Mar 2024	Direct	F3
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-3,292	-17%	$0.000000	16,387	01 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Other	$1,316	+70	+0.43%	$18.90	16,457	04 Mar 2024	Direct	F4

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						8,050	01 Mar 2024	$.01 PV Com Stk	8,050	$35.61	Direct
holding	ATRO	Option						1,208	01 Mar 2024	$.01 PV CL B STK	1,208	$35.61	Direct
holding	ATRO	Option						12,360	01 Mar 2024	$.01 PV Com Stk	12,360	$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						226	01 Mar 2024	$.01 PV Com Stk	226		Direct	F5, F6
holding	ATRO	Restricted Stock Unit						10,450	01 Mar 2024	$.01 PV Com Stk	10,450		Direct	F5, F7
holding	ATRO	Restricted Stock Unit						12,550	01 Mar 2024	$.01 PV Com Stk	12,550		Direct	F5, F8
holding	ATRO	Restricted Stock Unit						11,500	01 Mar 2024	$.01 PV Com Stk	11,500		Direct	F5, F9
holding	ATRO	Restricted Stock Unit						18,550	01 Mar 2024	$.01 PV Com Stk	18,550		Direct	F5, F10

* 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	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.
F5	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F6	These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7	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.
F8	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.
F9	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.
F10	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 23, 2027, with the vesting percentage determined based on actual performance.