Michael Kuehn - Feb 29, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for Michael Kuehn
Stock symbol
ATRO
Transactions as of
Feb 29, 2024
Transactions value $
-$89,194
Form type
4
Date filed
3/12/2024, 05:08 PM
Previous filing
Feb 26, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Sale -$44.5K -2.21K -13.42% $20.16 14.2K Feb 29, 2024 Direct
transaction ATRO $.01 PV Com Stk Options Exercise $0 +7.84K +55.01% $0.00 22.1K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$42.1K -2.23K -10.08% $18.90 19.9K Mar 8, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Options Exercise $0 +226 +1.14% $0.00 20.1K Mar 8, 2024 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$2.59K -137 -0.68% $18.90 19.9K Mar 8, 2024 Direct F1

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 -226 -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 226 Direct F2, F3
transaction ATRO Restricted Stock Unit Options Exercise $0 -7.84K -100% $0.00* 0 Mar 8, 2024 $.01 PV Com Stk 7.84K Direct F2, F4
holding ATRO Option 8.05K Feb 29, 2024 $.01 PV Com Stk 8.05K $35.61 Direct
holding ATRO Option 1.21K Feb 29, 2024 $.01 PV CL B STK 1.21K $35.61 Direct
holding ATRO Option 12.4K Feb 29, 2024 $.01 PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 18.2K Feb 29, 2024 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Feb 29, 2024 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 32.7K Feb 29, 2024 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K Feb 29, 2024 $.01 PV Com Stk 35.6K $9.74 Direct
holding ATRO Option 8.3K Feb 29, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 12.6K Feb 29, 2024 $.01 PV Com Stk 12.6K Direct F2, F5
holding ATRO Restricted Stock Unit 11.5K Feb 29, 2024 $.01 PV Com Stk 11.5K Direct F2, F6
holding ATRO Restricted Stock Unit 18.6K Feb 29, 2024 $.01 PV Com Stk 18.6K 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 January1, 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.