James Mulato - 08 Mar 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
Issuer symbol: ATRO
Transactions as of: 08 Mar 2024
Net transactions value: -$37,044
Form type: 4
Filing time: 12 Mar 2024, 17:05:26 UTC
Previous filing: 05 Mar 2024
Next filing: 14 May 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	Options Exercise	$0	+7,838	+28%	$0.000000	35,962	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$36,080	-1,909	-5.3%	$18.90	34,053	08 Mar 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Options Exercise	$0	+210	+0.62%	$0.000000	34,263	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$964	-51	-0.15%	$18.90	34,212	08 Mar 2024	Direct	F2
holding	ATRO	$.01 PV CL B STK						1,195	08 Mar 2024	Direct
holding	ATRO	$.01 PV Com Stk						100	08 Mar 2024	Spouse	F1
holding	ATRO	$.01 PV CL B STK						32	08 Mar 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%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	210		Direct	F3, F4
transaction	ATRO	Restricted Stock Unit	Options Exercise	$0	-7,838	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	7,838		Direct	F3, F5
holding	ATRO	Option						2,400	08 Mar 2024	$.01 PV Com Stk	2,400	$34.75	Direct
holding	ATRO	Option						1,980	08 Mar 2024	$.01 PV CL B STK	1,980	$34.75	Direct
holding	ATRO	Option						3,300	08 Mar 2024	$.01 PV Com Stk	3,300	$30.83	Direct
holding	ATRO	Option						1,719	08 Mar 2024	$.01 PV CL B STK	1,719	$30.83	Direct
holding	ATRO	Option						4,300	08 Mar 2024	$.01 PV Com Stk	4,300	$27.72	Direct
holding	ATRO	Option						1,387	08 Mar 2024	$.01 PV CL B STK	1,387	$27.72	Direct
holding	ATRO	Option						6,560	08 Mar 2024	$.01 PV Com Stk	6,560	$31.76	Direct
holding	ATRO	Option						984	08 Mar 2024	$.01 PV CL B STK	984	$31.76	Direct
holding	ATRO	Option						7,950	08 Mar 2024	$.01 PV Com Stk	7,950	$35.61	Direct
holding	ATRO	Option						1,193	08 Mar 2024	$.01 PV CL B STK	1,193	$35.61	Direct
holding	ATRO	Option						11,570	08 Mar 2024	$.01 PV Com Stk	11,570	$31.57	Direct
holding	ATRO	Option						18,150	08 Mar 2024	$.01 PV Com Stk	18,150	$30.04	Direct
holding	ATRO	Option						27,000	08 Mar 2024	$.01 PV Com Stk	27,000	$14.45	Direct
holding	ATRO	Option						32,700	08 Mar 2024	$.01 PV Com Stk	32,700	$11.13	Direct
holding	ATRO	Option						35,600	08 Mar 2024	$.01 PV Com Stk	35,600	$9.74	Direct
holding	ATRO	Option						8,300	08 Mar 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Restricted Stock Unit						12,550	08 Mar 2024	$.01 PV Com Stk	12,550		Direct	F3, F6
holding	ATRO	Restricted Stock Unit						11,500	08 Mar 2024	$.01 PV Com Stk	11,500		Direct	F3, F7
holding	ATRO	Restricted Stock Unit						18,550	08 Mar 2024	$.01 PV Com Stk	18,550		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.