Nancy L. Hedges - Mar 8, 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
Stock symbol
ATRO
Transactions as of
Mar 8, 2024
Transactions value $
-$32,981
Form type
4
Date filed
3/12/2024, 05:06 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 +4.44K +23.02% $0.00 23.7K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$32K -1.69K -7.13% $18.90 22K Mar 8, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +138 +0.63% $0.00 22.2K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$1K -53 -0.24% $18.90 22.1K Mar 8, 2024 Direct F1
holding ATRO $.01 PV CL B STK 607 Mar 8, 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% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 138 Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -4.44K -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 4.44K Direct F2, F4
holding ATRO Option 1.12K Mar 8, 2024 $.01 PV Com Stk 1.12K $30.83 Direct
holding ATRO Option 583 Mar 8, 2024 $.01 PV CL B STK 583 $30.83 Direct
holding ATRO Option 1.4K Mar 8, 2024 $.01 PV Com Stk 1.4K $27.72 Direct
holding ATRO Option 452 Mar 8, 2024 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Option 1.52K Mar 8, 2024 $.01 PV Com Stk 1.52K $31.76 Direct
holding ATRO Option 228 Mar 8, 2024 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Restricted Stock Unit 5.5K Mar 8, 2024 $.01 PV Com Stk 5.5K Direct F2, F5
holding ATRO Restricted Stock Unit 5.05K Mar 8, 2024 $.01 PV Com Stk 5.05K Direct F2, F6
holding ATRO Restricted Stock Unit 5.02K Mar 8, 2024 $.01 PV Com Stk 5.02K 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.