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

Role: Executive Vice President
Signature: /s/Julie Davis, as Power of Attorney for Michael Kuehn
Issuer symbol: ATRO
Transactions as of: 29 Feb 2024
Net transactions value: -$89,194
Form type: 4
Filing time: 12 Mar 2024, 17:08:37 UTC
Previous filing: 26 Feb 2024
Next filing: 05 Mar 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	Sale	$44,533	-2,209	-13%	$20.16	14,248	29 Feb 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Options Exercise	$0	+7,838	+55%	$0.000000	22,086	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$42,071	-2,226	-10%	$18.90	19,860	08 Mar 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Options Exercise	$0	+226	+1.1%	$0.000000	20,086	08 Mar 2024	Direct
transaction	ATRO	$.01 PV Com Stk	Tax liability	$2,589	-137	-0.68%	$18.90	19,949	08 Mar 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%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	226		Direct	F2, F3
transaction	ATRO	Restricted Stock Unit	Options Exercise	$0	-7,838	-100%	$0.000000^*	0	08 Mar 2024	$.01 PV Com Stk	7,838		Direct	F2, F4
holding	ATRO	Option						8,050	29 Feb 2024	$.01 PV Com Stk	8,050	$35.61	Direct
holding	ATRO	Option						1,208	29 Feb 2024	$.01 PV CL B STK	1,208	$35.61	Direct
holding	ATRO	Option						12,360	29 Feb 2024	$.01 PV Com Stk	12,360	$31.57	Direct
holding	ATRO	Option						18,150	29 Feb 2024	$.01 PV Com Stk	18,150	$30.04	Direct
holding	ATRO	Option						27,000	29 Feb 2024	$.01 PV Com Stk	27,000	$14.45	Direct
holding	ATRO	Option						32,700	29 Feb 2024	$.01 PV Com Stk	32,700	$11.13	Direct
holding	ATRO	Option						35,600	29 Feb 2024	$.01 PV Com Stk	35,600	$9.74	Direct
holding	ATRO	Option						8,300	29 Feb 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Restricted Stock Unit						12,550	29 Feb 2024	$.01 PV Com Stk	12,550		Direct	F2, F5
holding	ATRO	Restricted Stock Unit						11,500	29 Feb 2024	$.01 PV Com Stk	11,500		Direct	F2, F6
holding	ATRO	Restricted Stock Unit						18,550	29 Feb 2024	$.01 PV Com Stk	18,550		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.