James S. Kramer - 08 Mar 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Luminescent Systems, Inc.
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
08 Mar 2024
Transactions value $
-$38,877
Form type
4
Filing time
12 Mar 2024, 17:05:59 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 +5.53K +17.59% $0.00 37K 08 Mar 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$37.7K -1.99K -5.39% $18.90 35K 08 Mar 2024 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +174 +0.5% $0.00 35.2K 08 Mar 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$1.19K -63 -0.18% $18.90 35.1K 08 Mar 2024 Direct F1
holding ATRO $.01 PV CL B STK 123K 08 Mar 2024 Direct
holding ATRO $.01 PV Com Stk 35.6K 08 Mar 2024 Estate executor James Kramer
holding ATRO $.01 PV CL B STK 280K 08 Mar 2024 Estate executor James Kramer

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 -174 -100% $0.00* 0 08 Mar 2024 $.01 PV Com Stk 174 Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -5.53K -100% $0.00* 0 08 Mar 2024 $.01 PV Com Stk 5.53K Direct F2, F4
holding ATRO Option 2.72K 08 Mar 2024 $.01 PV Com Stk 2.72K $30.83 Direct
holding ATRO Option 1.42K 08 Mar 2024 $.01 PV CL B STK 1.42K $30.83 Direct
holding ATRO Option 3.5K 08 Mar 2024 $.01 PV Com Stk 3.5K $27.72 Direct
holding ATRO Option 1.13K 08 Mar 2024 $.01 PV CL B STK 1.13K $27.72 Direct
holding ATRO Option 3.67K 08 Mar 2024 $.01 PV Com Stk 3.67K $31.76 Direct
holding ATRO Option 551 08 Mar 2024 $.01 PV CL B STK 551 $31.76 Direct
holding ATRO Option 5.34K 08 Mar 2024 $.01 PV Com Stk 5.34K $35.61 Direct
holding ATRO Option 801 08 Mar 2024 $.01 PV CL B STK 801 $35.61 Direct
holding ATRO Option 7.06K 08 Mar 2024 $.01 PV Com Stk 7.06K $31.57 Direct
holding ATRO Option 13.6K 08 Mar 2024 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K 08 Mar 2024 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Option 24.5K 08 Mar 2024 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Option 26.7K 08 Mar 2024 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Option 8.3K 08 Mar 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 8.85K 08 Mar 2024 $.01 PV Com Stk 8.85K Direct F2, F5
holding ATRO Restricted Stock Unit 8.15K 08 Mar 2024 $.01 PV Com Stk 8.15K Direct F2, F6
holding ATRO Restricted Stock Unit 15.9K 08 Mar 2024 $.01 PV Com Stk 15.9K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.