Nancy L. Hedges - Mar 1, 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
Mar 1, 2024
Transactions value $
$2,115
Form type
4
Date filed
3/5/2024, 04:26 PM
Previous filing
Feb 26, 2024
Next filing
Mar 12, 2024

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% $0.00 17.1K Mar 1, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -54 -0.32% $0.00 17K Mar 1, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Award $0 +3.69K +21.67% $0.00 20.7K Mar 1, 2024 Direct F3
transaction ATRO $.01 PV Com Stk Tax liability $0 -1.53K -7.4% $0.00 19.2K Mar 1, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $2.12K +112 +0.58% $18.90 19.3K Mar 4, 2024 Direct F4
holding ATRO $.01 PV CL B STK 607 Mar 1, 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 1.12K Mar 1, 2024 $.01 PV Com Stk 1.12K $30.83 Direct
holding ATRO Option 583 Mar 1, 2024 $.01 PV CL B STK 583 $30.83 Direct
holding ATRO Option 1.4K Mar 1, 2024 $.01 PV Com Stk 1.4K $27.72 Direct
holding ATRO Option 452 Mar 1, 2024 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Option 1.52K Mar 1, 2024 $.01 PV Com Stk 1.52K $31.76 Direct
holding ATRO Option 228 Mar 1, 2024 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Restricted Stock Unit 138 Mar 1, 2024 $.01 PV Com Stk 138 Direct F5, F6
holding ATRO Restricted Stock Unit 4.44K Mar 1, 2024 $.01 PV Com Stk 4.44K Direct F5, F7
holding ATRO Restricted Stock Unit 5.5K Mar 1, 2024 $.01 PV Com Stk 5.5K Direct F5, F8
holding ATRO Restricted Stock Unit 5.05K Mar 1, 2024 $.01 PV Com Stk 5.05K Direct F5, F9
holding ATRO Restricted Stock Unit 5.02K Mar 1, 2024 $.01 PV Com Stk 5.02K 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.