Peter J. Gundermann - Mar 8, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Mar 8, 2024
Transactions value $
-$43,980
Form type
4
Date filed
3/12/2024, 05:07 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 +9.21K +13.71% $0.00 76.4K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$42.4K -2.24K -2.94% $18.90 74.1K Mar 8, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +350 +0.47% $0.00 74.5K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$1.61K -85 -0.11% $18.90 74.4K Mar 8, 2024 Direct F1
holding ATRO $.01 PV CL B STK 743K 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 -350 -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 350 Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -9.21K -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 9.21K Direct F2, F4
holding ATRO Option 10.1K Mar 8, 2024 $.01 PV Com Stk 10.1K $30.83 Direct
holding ATRO Option 5.26K Mar 8, 2024 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO Option 13.7K Mar 8, 2024 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 4.42K Mar 8, 2024 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Mar 8, 2024 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 2.17K Mar 8, 2024 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Mar 8, 2024 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Option 3.95K Mar 8, 2024 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Mar 8, 2024 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 61.2K Mar 8, 2024 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Option 98.9K Mar 8, 2024 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Option 116K Mar 8, 2024 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 125K Mar 8, 2024 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 83.9K Mar 8, 2024 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 14.8K Mar 8, 2024 $.01 PV Com Stk 14.8K Direct F2, F5
holding ATRO Restricted Stock Unit 13.6K Mar 8, 2024 $.01 PV Com Stk 13.6K Direct F2, F6
holding ATRO Restricted Stock Unit 26.5K Mar 8, 2024 $.01 PV Com Stk 26.5K 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 January 1, 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 23, 2027, with the vesting percentage determined based on actual performance.