DAVID C. BURNEY - 10 May 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: VP-FINANCE, CFO
Signature: /S/Julie Davis, as power of attorney for David C. Burney
Issuer symbol: ATRO
Transactions as of: 10 May 2024
Net transactions value: +$2,970
Form type: 4
Filing time: 14 May 2024, 16:12:41 UTC
Previous filing: 12 Mar 2024
Next filing: 02 Oct 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	Award	$0	+272	+0.46%	$0.000000	59,673	10 May 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-98	-0.16%	$0.000000	59,575	10 May 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Other	$2,970	+157	+0.26%	$18.89	59,733	13 May 2024	Direct	F3
holding	ATRO	$.01 PV CL B STK						191,833	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						953	10 May 2024	$.01 PV CL B STK	953	$35.61	Direct
holding	ATRO	Option						8,300	10 May 2024	$.01 PV Com Stk	8,300	$15.15	Direct
holding	ATRO	Option						8,410	10 May 2024	$.01 PV Com Stk	8,410	$31.57	Direct
holding	ATRO	Option						1,641	10 May 2024	$.01 PV CL B STK	1,641	$30.83	Direct
holding	ATRO	Restricted Stock Unit						0	10 May 2024	$.01 PV Com Stk	0		Direct	F4, F5
holding	ATRO	Option						1,322	10 May 2024	$.01 PV CL B STK	1,322	$27.72	Direct
holding	ATRO	Option						4,100	10 May 2024	$.01 PV Com Stk	4,100	$27.72	Direct
holding	ATRO	Restricted Stock Unit						23,800	10 May 2024	$.01 PV Com Stk	23,800		Direct	F4, F6
holding	ATRO	Option						4,370	10 May 2024	$.01 PV Com Stk	4,370	$31.76	Direct
holding	ATRO	Restricted Stock Unit						0	10 May 2024	$.01 PV Com Stk	0		Direct	F4, F7
holding	ATRO	Option						656	10 May 2024	$.01 PV CL B STK	656	$31.76	Direct
holding	ATRO	Option						24,500	10 May 2024	$.01 PV Com Stk	24,500	$11.13	Direct
holding	ATRO	Option						20,250	10 May 2024	$.01 PV Com Stk	20,250	$14.45	Direct
holding	ATRO	Option						13,600	10 May 2024	$.01 PV Com Stk	13,600	$30.04	Direct
holding	ATRO	Option						6,350	10 May 2024	$.01 PV Com Stk	6,350	$35.61	Direct
holding	ATRO	Restricted Stock Unit						9,600	10 May 2024	$.01 PV Com Stk	9,600		Direct	F4, F8
holding	ATRO	Option						3,150	10 May 2024	$.01 PV Com Stk	3,150	$30.83	Direct
holding	ATRO	Restricted Stock Unit						8,800	10 May 2024	$.01 PV Com Stk	8,800		Direct	F4, F9
holding	ATRO	Option						26,700	10 May 2024	$.01 PV Com Stk	26,700	$9.74	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, 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.
F6	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.
F7	These restricted stock units vest ratably on each anniversary of the grant date over three years.
F8	Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 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.
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.