Peter J. Gundermann - May 10, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
May 10, 2024
Transactions value $
$4,772
Form type
4
Date filed
5/14/2024, 04:14 PM
Previous filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +438 +0.59% $0.00 74.8K May 10, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -107 -0.14% $0.00 74.7K May 10, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $4.77K +253 +0.34% $18.89 75K May 13, 2024 Direct F3
holding ATRO $.01 PV CL B STK 743K 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 61.2K May 10, 2024 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Restricted Stock Unit 14.8K May 10, 2024 $.01 PV Com Stk 14.8K Direct F4, F5
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 10.2K Direct F4, F6
holding ATRO Option 14.5K May 10, 2024 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 3.95K May 10, 2024 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 5.26K May 10, 2024 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO Option 116K May 10, 2024 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 10.1K May 10, 2024 $.01 PV Com Stk 10.1K $30.83 Direct
holding ATRO Option 98.9K May 10, 2024 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 9.21K May 10, 2024 $.01 PV Com Stk 9.21K Direct F4, F7
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F8
holding ATRO Option 26.3K May 10, 2024 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Restricted Stock Unit 0 May 10, 2024 $.01 PV Com Stk 0 Direct F4, F9
holding ATRO Option 2.17K May 10, 2024 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 34.8K May 10, 2024 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 13.7K May 10, 2024 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 83.9K May 10, 2024 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 26.5K May 10, 2024 $.01 PV Com Stk 26.5K Direct F4, F10
holding ATRO Option 125K May 10, 2024 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 4.42K May 10, 2024 $.01 PV CL B STK 4.42K $27.72 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, 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, 2020- December 31, 2022. The "target" number of restricted stock units is reported in Table II. Based on actual performance 75% of the target number of units vested on December 31, 2022.
F7 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.
F8 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F9 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.
F10 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.