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

Role
Principal Accounting Officer
Signature
/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges
Stock symbol
ATRO
Transactions as of
May 10, 2024
Transactions value $
$2,220
Form type
4
Date filed
5/14/2024, 04:04 PM
Previous filing
Mar 12, 2024
Next filing
Oct 2, 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% $0.00 22.3K May 10, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -73 -0.33% $0.00 22.2K May 10, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $2.22K +118 +0.53% $18.89 22.4K May 13, 2024 Direct F3
holding ATRO $.01 PV CL B STK 607 May 10, 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 May 10, 2024 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Restricted Stock Unit 5.02K May 10, 2024 $.01 PV Com Stk 5.02K Direct F4, F5
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F6
holding ATRO Option 1.4K May 10, 2024 $.01 PV Com Stk 1.4K $27.72 Direct
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F7
holding ATRO Option 1.12K May 10, 2024 $.01 PV Com Stk 1.12K $30.83 Direct
holding ATRO Option 228 May 10, 2024 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Option 1.52K May 10, 2024 $.01 PV Com Stk 1.52K $31.76 Direct
holding ATRO Restricted Stock Unit 5.05K May 10, 2024 $.01 PV Com Stk 5.05K Direct F4, F8
holding ATRO Restricted Stock Unit 5.5K May 10, 2024 $.01 PV Com Stk 5.5K Direct F4, F9
holding ATRO Option 583 May 10, 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.