Nancy L. Hedges - 01 Mar 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
Issuer symbol: ATRO
Transactions as of: 01 Mar 2024
Net transactions value: +$2,115
Form type: 4
Filing time: 05 Mar 2024, 16:26:08 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	+129	+0.76%	$0.000000	17,072	01 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-54	-0.32%	$0.000000	17,018	01 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Award	$0	+3,687	+22%	$0.000000	20,705	01 Mar 2024	Direct	F3
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-1,532	-7.4%	$0.000000	19,173	01 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Other	$2,115	+112	+0.58%	$18.90	19,284	04 Mar 2024	Direct	F4
holding	ATRO	$.01 PV CL B STK						607	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						1,120	01 Mar 2024	$.01 PV Com Stk	1,120	$30.83	Direct
holding	ATRO	Option						583	01 Mar 2024	$.01 PV CL B STK	583	$30.83	Direct
holding	ATRO	Option						1,400	01 Mar 2024	$.01 PV Com Stk	1,400	$27.72	Direct
holding	ATRO	Option						452	01 Mar 2024	$.01 PV CL B STK	452	$27.72	Direct
holding	ATRO	Option						1,520	01 Mar 2024	$.01 PV Com Stk	1,520	$31.76	Direct
holding	ATRO	Option						228	01 Mar 2024	$.01 PV CL B STK	228	$31.76	Direct
holding	ATRO	Restricted Stock Unit						138	01 Mar 2024	$.01 PV Com Stk	138		Direct	F5, F6
holding	ATRO	Restricted Stock Unit						4,440	01 Mar 2024	$.01 PV Com Stk	4,440		Direct	F5, F7
holding	ATRO	Restricted Stock Unit						5,500	01 Mar 2024	$.01 PV Com Stk	5,500		Direct	F5, F8
holding	ATRO	Restricted Stock Unit						5,050	01 Mar 2024	$.01 PV Com Stk	5,050		Direct	F5, F9
holding	ATRO	Restricted Stock Unit						5,024	01 Mar 2024	$.01 PV Com Stk	5,024		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	These restricted stock units are scheduled to vest 100% on February 26, 2024.
F8	These restricted stock units are scheduled to vest 100% on February 24, 2025.
F9	These restricted stock units are scheduled to vest 100% on February 23, 2026.
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 22, 2027, with the vesting percentage determined based on actual performance.