Michael Kuehn - May 10, 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
May 10, 2024
Transactions value $
$2,848
Form type
4
Date filed
5/14/2024, 04:07 PM
Previous filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +261 +2.03% $0.00 13.1K May 10, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -77 -0.59% $0.00 13.1K May 10, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $2.85K +151 +1.15% $18.89 13.2K May 13, 2024 Direct F3

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 8.3K May 10, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Option 27K May 10, 2024 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 1.21K May 10, 2024 $.01 PV CL B STK 1.21K $35.61 Direct
holding ATRO Option 18.2K May 10, 2024 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F5
holding ATRO Option 12.4K May 10, 2024 $.01 PV Com Stk 12.4K $31.57 Direct
holding ATRO Option 32.7K May 10, 2024 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K May 10, 2024 $.01 PV Com Stk 35.6K $9.74 Direct
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F6
holding ATRO Restricted Stock Unit 12.6K May 10, 2024 $.01 PV Com Stk 12.6K Direct F4, F7
holding ATRO Restricted Stock Unit 18.6K May 10, 2024 $.01 PV Com Stk 18.6K Direct F4, F8
holding ATRO Option 8.05K May 10, 2024 $.01 PV Com Stk 8.05K $35.61 Direct
holding ATRO Restricted Stock Unit 11.5K May 10, 2024 $.01 PV Com Stk 11.5K Direct F4, F9
* 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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F6 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2021- December 31, 2023. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2023, 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 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.
F8 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.
F9 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.