Peter J. Gundermann - Mar 1, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Mar 1, 2024
Transactions value $
$0
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 +276 +0.53% $0.00 52.4K Mar 1, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -82 -0.16% $0.00 52.3K Mar 1, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Award $0 +19.8K +37.88% $0.00 72.1K Mar 1, 2024 Direct F3
transaction ATRO $.01 PV Com Stk Tax liability $0 -4.96K -6.88% $0.00 67.2K Mar 1, 2024 Direct F2
holding ATRO $.01 PV CL B STK 743K 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 10.1K Mar 1, 2024 $.01 PV Com Stk 10.1K $30.83 Direct
holding ATRO Option 5.26K Mar 1, 2024 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO Option 13.7K Mar 1, 2024 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 4.42K Mar 1, 2024 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Mar 1, 2024 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 2.17K Mar 1, 2024 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Mar 1, 2024 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Option 3.95K Mar 1, 2024 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Mar 1, 2024 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 61.2K Mar 1, 2024 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Option 98.9K Mar 1, 2024 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Option 116K Mar 1, 2024 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 125K Mar 1, 2024 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 83.9K Mar 1, 2024 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 350 Mar 1, 2024 $.01 PV Com Stk 350 Direct F4, F5
holding ATRO Restricted Stock Unit 12.3K Mar 1, 2024 $.01 PV Com Stk 12.3K Direct F4, F6
holding ATRO Restricted Stock Unit 14.8K Mar 1, 2024 $.01 PV Com Stk 14.8K Direct F4, F7
holding ATRO Restricted Stock Unit 13.6K Mar 1, 2024 $.01 PV Com Stk 13.6K Direct F4, F8
holding ATRO Restricted Stock Unit 26.5K Mar 1, 2024 $.01 PV Com Stk 26.5K 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 January 1, 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 January 1, 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 23, 2027, with the vesting percentage determined based on actual performance.