DAVID C. BURNEY - 08 Mar 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
Issuer symbol: ATRO
Transactions as of: 08 Mar 2024
Net transactions value: -$59,989
Form type: 4
Filing time: 12 Mar 2024, 17:07:54 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	+6,000	+11%	$0.000000	62,358	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$57,891	-3,063	-4.9%	$18.90	59,295	08 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Options Exercise	$0	+217	+0.37%	$0.000000	59,512	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$2,098	-111	-0.19%	$18.90	59,401	08 Mar 2024	Direct	F1
holding	ATRO	$.01 PV CL B STK						191,833	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	-6,000	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	6,000		Direct	F2, F3
transaction	ATRO	Restricted Stock Unit	Options Exercise	$0	-217	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	217		Direct	F2, F4
holding	ATRO	Option						3,150	08 Mar 2024	$.01 PV Com Stk	3,150	$30.83	Direct
holding	ATRO	Option						1,641	08 Mar 2024	$.01 PV CL B STK	1,641	$30.83	Direct
holding	ATRO	Option						4,100	08 Mar 2024	$.01 PV Com Stk	4,100	$27.72	Direct
holding	ATRO	Option						1,322	08 Mar 2024	$.01 PV CL B STK	1,322	$27.72	Direct
holding	ATRO	Option						4,370	08 Mar 2024	$.01 PV Com Stk	4,370	$31.76	Direct
holding	ATRO	Option						656	08 Mar 2024	$.01 PV CL B STK	656	$31.76	Direct
holding	ATRO	Option						6,350	08 Mar 2024	$.01 PV Com Stk	6,350	$35.61	Direct
holding	ATRO	Option						953	08 Mar 2024	$.01 PV CL B STK	953	$35.61	Direct
holding	ATRO	Option						8,410	08 Mar 2024	$.01 PV Com Stk	8,410	$31.57	Direct
holding	ATRO	Option						13,600	08 Mar 2024	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Option						20,250	08 Mar 2024	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Option						24,500	08 Mar 2024	$.01 PV Com Stk	24,500	$11.13	Direct
holding	ATRO	Option						26,700	08 Mar 2024	$.01 PV Com Stk	26,700	$9.74	Direct
holding	ATRO	Option						8,300	08 Mar 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Restricted Stock Unit						9,600	08 Mar 2024	$.01 PV Com Stk	9,600		Direct	F2, F5
holding	ATRO	Restricted Stock Unit						8,800	08 Mar 2024	$.01 PV Com Stk	8,800		Direct	F2, F6
holding	ATRO	Restricted Stock Unit						23,800	08 Mar 2024	$.01 PV Com Stk	23,800		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.