David C. Burney - Mar 8, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Mar 8, 2024
Transactions value $
-$59,989
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 +6K +10.65% $0.00 62.4K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$57.9K -3.06K -4.91% $18.90 59.3K Mar 8, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +217 +0.37% $0.00 59.5K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$2.1K -111 -0.19% $18.90 59.4K Mar 8, 2024 Direct F1
holding ATRO $.01 PV CL B STK 192K 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 -6K -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 6K Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -217 -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 217 Direct F2, F4
holding ATRO Option 3.15K Mar 8, 2024 $.01 PV Com Stk 3.15K $30.83 Direct
holding ATRO Option 1.64K Mar 8, 2024 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Mar 8, 2024 $.01 PV Com Stk 4.1K $27.72 Direct
holding ATRO Option 1.32K Mar 8, 2024 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Mar 8, 2024 $.01 PV Com Stk 4.37K $31.76 Direct
holding ATRO Option 656 Mar 8, 2024 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Mar 8, 2024 $.01 PV Com Stk 6.35K $35.61 Direct
holding ATRO Option 953 Mar 8, 2024 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Mar 8, 2024 $.01 PV Com Stk 8.41K $31.57 Direct
holding ATRO Option 13.6K Mar 8, 2024 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Mar 8, 2024 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Option 24.5K Mar 8, 2024 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Option 26.7K Mar 8, 2024 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Option 8.3K Mar 8, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 9.6K Mar 8, 2024 $.01 PV Com Stk 9.6K Direct F2, F5
holding ATRO Restricted Stock Unit 8.8K Mar 8, 2024 $.01 PV Com Stk 8.8K Direct F2, F6
holding ATRO Restricted Stock Unit 23.8K Mar 8, 2024 $.01 PV Com Stk 23.8K 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 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.
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, 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.