DAVID C. BURNEY - 01 Mar 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Signature
/S/Julie Davis, as power of attorney for David C. Burney
Issuer symbol
ATRO
Transactions as of
01 Mar 2024
Net transactions value
+$1,198
Form type
4
Filing time
05 Mar 2024, 16:27:31 UTC
Previous filing
26 Feb 2024
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +172 +0.33% $0.000000 51,795 01 Mar 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -72 -0.14% $0.000000 51,723 01 Mar 2024 Direct F2
transaction ATRO $.01 PV Com Stk Award $0 +9,864 +19% $0.000000 61,587 01 Mar 2024 Direct F3
transaction ATRO $.01 PV Com Stk Tax liability $0 -5,292 -8.6% $0.000000 56,295 01 Mar 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $1,198 +63 +0.11% $18.90 56,358 04 Mar 2024 Direct F4
holding ATRO $.01 PV CL B STK 191,833 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 3,150 01 Mar 2024 $.01 PV Com Stk 3,150 $30.83 Direct
holding ATRO Option 1,641 01 Mar 2024 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 01 Mar 2024 $.01 PV Com Stk 4,100 $27.72 Direct
holding ATRO Option 1,322 01 Mar 2024 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 01 Mar 2024 $.01 PV Com Stk 4,370 $31.76 Direct
holding ATRO Option 656 01 Mar 2024 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 01 Mar 2024 $.01 PV Com Stk 6,350 $35.61 Direct
holding ATRO Option 953 01 Mar 2024 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 01 Mar 2024 $.01 PV Com Stk 8,410 $31.57 Direct
holding ATRO Option 13,600 01 Mar 2024 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Option 20,250 01 Mar 2024 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Option 24,500 01 Mar 2024 $.01 PV Com Stk 24,500 $11.13 Direct
holding ATRO Option 26,700 01 Mar 2024 $.01 PV Com Stk 26,700 $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 220 01 Mar 2024 $.01 PV Com Stk 220 Direct F5, F6
holding ATRO Restricted Stock Unit 8,000 01 Mar 2024 $.01 PV Com Stk 8,000 Direct F5, F7
holding ATRO Restricted Stock Unit 9,600 01 Mar 2024 $.01 PV Com Stk 9,600 Direct F5, F8
holding ATRO Restricted Stock Unit 8,800 01 Mar 2024 $.01 PV Com Stk 8,800 Direct F5, F9
holding ATRO Restricted Stock Unit 23,800 01 Mar 2024 $.01 PV Com Stk 23,800 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 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.
F8 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.
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 22, 2027, with the vesting percentage determined based on actual performance.