James Mulato - Mar 8, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Stock symbol
ATRO
Transactions as of
Mar 8, 2024
Transactions value $
-$37,044
Form type
4
Date filed
3/12/2024, 05:05 PM
Previous filing
Mar 5, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Options Exercise $0 +7.84K +27.87% $0.00 36K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$36.1K -1.91K -5.31% $18.90 34.1K Mar 8, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Options Exercise $0 +210 +0.62% $0.00 34.3K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$964 -51 -0.15% $18.90 34.2K Mar 8, 2024 Direct F2
holding ATRO $.01 PV CL B STK 1.2K Mar 8, 2024 Direct
holding ATRO $.01 PV Com Stk 100 Mar 8, 2024 Spouse F1
holding ATRO $.01 PV CL B STK 32 Mar 8, 2024 Spouse F1

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
transaction ATRO Restricted Stock Unit Options Exercise $0 -210 -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 210 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -7.84K -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 7.84K Direct F3, F5
holding ATRO Option 2.4K Mar 8, 2024 $.01 PV Com Stk 2.4K $34.75 Direct
holding ATRO Option 1.98K Mar 8, 2024 $.01 PV CL B STK 1.98K $34.75 Direct
holding ATRO Option 3.3K Mar 8, 2024 $.01 PV Com Stk 3.3K $30.83 Direct
holding ATRO Option 1.72K Mar 8, 2024 $.01 PV CL B STK 1.72K $30.83 Direct
holding ATRO Option 4.3K Mar 8, 2024 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Mar 8, 2024 $.01 PV CL B STK 1.39K $27.72 Direct
holding ATRO Option 6.56K Mar 8, 2024 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Mar 8, 2024 $.01 PV CL B STK 984 $31.76 Direct
holding ATRO Option 7.95K Mar 8, 2024 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Mar 8, 2024 $.01 PV CL B STK 1.19K $35.61 Direct
holding ATRO Option 11.6K Mar 8, 2024 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Mar 8, 2024 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Mar 8, 2024 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 32.7K Mar 8, 2024 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K Mar 8, 2024 $.01 PV Com Stk 35.6K $9.74 Direct
holding ATRO Option 8.3K Mar 8, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 12.6K Mar 8, 2024 $.01 PV Com Stk 12.6K Direct F3, F6
holding ATRO Restricted Stock Unit 11.5K Mar 8, 2024 $.01 PV Com Stk 11.5K Direct F3, F7
holding ATRO Restricted Stock Unit 18.6K Mar 8, 2024 $.01 PV Com Stk 18.6K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by his wife.
F2 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years. The amounts shown reflect the final 1/3 of the original award which vested on February 26, 2024.
F5 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 amount shown reflects 75% of the target number of restricted stock units which vested on December 31, 2023.
F6 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.
F7 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.
F8 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.