Nancy L. Hedges - 08 Mar 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: Principal Accounting Officer
Signature: /S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges
Issuer symbol: ATRO
Transactions as of: 08 Mar 2024
Net transactions value: -$32,980
Form type: 4
Filing time: 12 Mar 2024, 17:06:25 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	+4,440	+23%	$0.000000	23,724	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$31,979	-1,692	-7.1%	$18.90	22,032	08 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Options Exercise	$0	+138	+0.63%	$0.000000	22,170	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$1,002	-53	-0.24%	$18.90	22,117	08 Mar 2024	Direct	F1
holding	ATRO	$.01 PV CL B STK						607	08 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
transaction	ATRO	Restricted Stock Unit	Options Exercise	$0	-138	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	138		Direct	F2, F3
transaction	ATRO	Restricted Stock Unit	Options Exercise	$0	-4,440	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	4,440		Direct	F2, F4
holding	ATRO	Option						1,120	08 Mar 2024	$.01 PV Com Stk	1,120	$30.83	Direct
holding	ATRO	Option						583	08 Mar 2024	$.01 PV CL B STK	583	$30.83	Direct
holding	ATRO	Option						1,400	08 Mar 2024	$.01 PV Com Stk	1,400	$27.72	Direct
holding	ATRO	Option						452	08 Mar 2024	$.01 PV CL B STK	452	$27.72	Direct
holding	ATRO	Option						1,520	08 Mar 2024	$.01 PV Com Stk	1,520	$31.76	Direct
holding	ATRO	Option						228	08 Mar 2024	$.01 PV CL B STK	228	$31.76	Direct
holding	ATRO	Restricted Stock Unit						5,500	08 Mar 2024	$.01 PV Com Stk	5,500		Direct	F2, F5
holding	ATRO	Restricted Stock Unit						5,050	08 Mar 2024	$.01 PV Com Stk	5,050		Direct	F2, F6
holding	ATRO	Restricted Stock Unit						5,024	08 Mar 2024	$.01 PV Com Stk	5,024		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	These restricted stock units vested 100% on February 26, 2024.
F5	These restricted stock units are scheduled to vest 100% on February 24, 2025.
F6	These restricted stock units are scheduled to vest 100% on February 23, 2026.
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.