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

Reporting relationship: PRESIDENT/CEO, Director
Issuer ticker: ATRO
Reported as of: 10 May 2024
Net transaction value: +$4,772
SEC form: 4
Accepted by SEC: 14 May 2024, 16:14:42 UTC
Prior SEC filing: 12 Mar 2024
Next SEC filing: 08 Nov 2024
Source filing: View source filing
Reporting owner signature: /S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN

Key filing fact

Peter J. Gundermann filed Form 4 for ASTRONICS CORP (ATRO) on 14 May 2024.

Key facts

This page summarizes Peter J. Gundermann's Form 4 filing for ASTRONICS CORP (ATRO).
3 reported transactions and 20 derivative rows are listed below.
Accepted by SEC: 14 May 2024, 16:14.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: +$4,772.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ATRO transaction

$.01 PV Com Stk

Award

Transaction value: $0
Shares: +438
Change %: +0.59%
Price: $0.000000
Shares after: 74,838
Date: 10 May 2024
Ownership: Direct
Footnotes: F1

ATRO transaction

$.01 PV Com Stk

Tax liability

Transaction value: $0
Shares: -107
Change %: -0.14%
Price: $0.000000
Shares after: 74,731
Date: 10 May 2024
Ownership: Direct
Footnotes: F2

ATRO transaction

$.01 PV Com Stk

Other

Transaction value: $4,772
Shares: +253
Change %: +0.34%
Price: $18.89
Shares after: 74,984
Date: 13 May 2024
Ownership: Direct
Footnotes: F3

ATRO holding

$.01 PV CL B STK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 743,493
Date: 10 May 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 61,200
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 61,200
Exercise price: $30.04

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,750
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 14,750
Exercise price
Footnotes: F4, F5

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 10,175
Exercise price
Footnotes: F4, F6

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,460
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 14,460
Exercise price: $31.76

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,945
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 3,945
Exercise price: $35.61

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,261
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 5,261
Exercise price: $30.83

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 115,800
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 115,800
Exercise price: $11.13

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,100
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 10,100
Exercise price: $30.83

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 98,900
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 98,900
Exercise price: $14.45

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,206
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 9,206
Exercise price
Footnotes: F4, F7

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 0
Exercise price
Footnotes: F4, F8

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,300
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 26,300
Exercise price: $35.61

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 0
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 0
Exercise price
Footnotes: F4, F9

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,169
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 2,169
Exercise price: $31.76

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 34,790
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 34,790
Exercise price: $31.57

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,700
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 13,700
Exercise price: $27.72

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 83,900
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 83,900
Exercise price: $15.15

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,450
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 26,450
Exercise price
Footnotes: F4, F10

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 125,000
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 125,000
Exercise price: $9.74

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,418
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 4,418
Exercise price: $27.72

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote 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.

Footnote F2

Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.

Footnote 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.

Footnote F4

Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F8

These restricted stock units vest ratably on each anniversary of the grant date over three years.

Footnote 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.

Footnote 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.

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