PETER J. GUNDERMANN - 05 Dec 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: PRESIDENT/CEO, Director
Signature: /S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol: ATRO
Transactions as of: 05 Dec 2024
Net transactions value: +$1,254,490
Form type: 4
Filing time: 09 Dec 2024, 16:20:50 UTC
Previous filing: 14 Nov 2024
Next filing: 03 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATRO	$.01 PV Com Stk						74,984	05 Dec 2024	Direct
holding	ATRO	$.01 PV CL B STK						743,493	05 Dec 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
transaction	ATRO	Option	Award	$1,254,490	+75,800		$16.55	75,800	05 Dec 2024	$.01 PV Com Stk	75,800	$16.55	Direct
holding	ATRO	Option						10,100	05 Dec 2024	$.01 PV Com Stk	10,100	$30.83	Direct
holding	ATRO	Option						5,261	05 Dec 2024	$.01 PV CL B STK	5,261	$30.83	Direct
holding	ATRO	Option						13,700	05 Dec 2024	$.01 PV Com Stk	13,700	$27.72	Direct
holding	ATRO	Option						4,418	05 Dec 2024	$.01 PV CL B STK	4,418	$27.72	Direct
holding	ATRO	Option						14,460	05 Dec 2024	$.01 PV Com Stk	14,460	$31.76	Direct
holding	ATRO	Option						2,169	05 Dec 2024	$.01 PV CL B STK	2,169	$31.76	Direct
holding	ATRO	Option						26,300	05 Dec 2024	$.01 PV Com Stk	26,300	$35.61	Direct
holding	ATRO	Option						3,945	05 Dec 2024	$.01 PV CL B STK	3,945	$35.61	Direct
holding	ATRO	Option						34,790	05 Dec 2024	$.01 PV Com Stk	34,790	$31.57	Direct
holding	ATRO	Option						61,200	05 Dec 2024	$.01 PV Com Stk	61,200	$30.04	Direct
holding	ATRO	Option						98,900	05 Dec 2024	$.01 PV Com Stk	98,900	$14.45	Direct
holding	ATRO	Option						115,800	05 Dec 2024	$.01 PV Com Stk	115,800	$11.13	Direct
holding	ATRO	Option						125,000	05 Dec 2024	$.01 PV Com Stk	125,000	$9.74	Direct
holding	ATRO	Option						83,900	05 Dec 2024	$.01 PV Com Stk	83,900	$15.15	Direct
holding	ATRO	Restricted Stock Unit						14,750	05 Dec 2024	$.01 PV Com Stk	14,750		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						9,206	05 Dec 2024	$.01 PV Com Stk	9,206		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						26,450	05 Dec 2024	$.01 PV Com Stk	26,450		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2	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.
F3	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.
F4	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.