Nancy L. Hedges - 10 May 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Signature
/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges
Issuer symbol
ATRO
Transactions as of
10 May 2024
Net transactions value
+$2,220
Form type
4
Filing time
14 May 2024, 16:04:49 UTC
Previous filing
12 Mar 2024
Next filing
02 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +203 +0.92% $0.000000 22,320 10 May 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -73 -0.33% $0.000000 22,247 10 May 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $2,220 +118 +0.53% $18.89 22,365 13 May 2024 Direct F3
holding ATRO $.01 PV CL B STK 607 10 May 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
holding ATRO Option 452 10 May 2024 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Restricted Stock Unit 5,024 10 May 2024 $.01 PV Com Stk 5,024 Direct F4, F5
holding ATRO Restricted Stock Unit 0 10 May 2024 $.01 PV Com Stk 0 Direct F4, F6
holding ATRO Option 1,400 10 May 2024 $.01 PV Com Stk 1,400 $27.72 Direct
holding ATRO Restricted Stock Unit 0 10 May 2024 $.01 PV Com Stk 0 Direct F4, F7
holding ATRO Option 1,120 10 May 2024 $.01 PV Com Stk 1,120 $30.83 Direct
holding ATRO Option 228 10 May 2024 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Option 1,520 10 May 2024 $.01 PV Com Stk 1,520 $31.76 Direct
holding ATRO Restricted Stock Unit 5,050 10 May 2024 $.01 PV Com Stk 5,050 Direct F4, F8
holding ATRO Restricted Stock Unit 5,500 10 May 2024 $.01 PV Com Stk 5,500 Direct F4, F9
holding ATRO Option 583 10 May 2024 $.01 PV CL B STK 583 $30.83 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2024 bonus plan in shares of the Issuers common stock, par value $0.01 per share, instead of cash, the reporting person was granted the above referenced stock bonus award as a bonus for Q1 2024.
F2 Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F3 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F4 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5 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.
F6 These restricted stock units are scheduled to vest 100% on February 26, 2024.
F7 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8 These restricted stock units are scheduled to vest 100% on February 23, 2026.
F9 These restricted stock units are scheduled to vest 100% on February 24, 2025.