James S. Kramer - 10 May 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Reporting relationship: VP Luminescent Systems, Inc.
Issuer ticker: ATRO
Reported as of: 10 May 2024
Net transaction value: +$2,447
SEC form: 4
Accepted by SEC: 14 May 2024, 16:11:22 UTC
Prior SEC filing: 12 Mar 2024
Next SEC filing: 02 Oct 2024
Source filing: View source filing
Reporting owner signature: /s/Julie Davis, as Power of Attorney for James S. Kramer

Key filing fact

James S. Kramer filed Form 4 for ASTRONICS CORP (ATRO) on 14 May 2024.

Key facts

This page summarizes James S. Kramer's Form 4 filing for ASTRONICS CORP (ATRO).
3 reported transactions and 21 derivative rows are listed below.
Accepted by SEC: 14 May 2024, 16:11.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: +$2,447.

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: +224
Change %: +0.64%
Price: $0.000000
Shares after: 35,319
Date: 10 May 2024
Ownership: Direct
Footnotes: F1

ATRO transaction

$.01 PV Com Stk

Tax liability

Transaction value: $0
Shares: -81
Change %: -0.23%
Price: $0.000000
Shares after: 35,238
Date: 10 May 2024
Ownership: Direct
Footnotes: F2

ATRO transaction

$.01 PV Com Stk

Other

Transaction value: $2,447
Shares: +130
Change %: +0.37%
Price: $18.89
Shares after: 35,367
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: 123,342
Date: 10 May 2024
Ownership: Direct

ATRO holding

$.01 PV Com Stk

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 35,555
Date: 10 May 2024
Ownership: Estate executor James Kramer

ATRO holding

$.01 PV CL B STK

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 279,758
Date: 10 May 2024
Ownership: Estate executor James Kramer

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: 8,300
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 8,300
Exercise price: $15.15

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,340
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 5,340
Exercise price: $35.61

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,500
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 3,500
Exercise price: $27.72

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,900
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 15,900
Exercise price
Footnotes: F4, F5

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 801
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 801
Exercise price: $35.61

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,417
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 1,417
Exercise price: $30.83

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,330
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 2,330
Exercise price: $28.45

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,850
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 8,850
Exercise price
Footnotes: F4, F6

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,060
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 7,060
Exercise price: $31.57

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,150
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 8,150
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: 20,250
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 20,250
Exercise price: $14.45

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,923
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 1,922
Exercise price: $28.45

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 551
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 551
Exercise price: $31.76

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: 2,720
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 2,720
Exercise price: $30.83

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,129
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 1,129
Exercise price: $27.72

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,500
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 24,500
Exercise price: $11.13

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,600
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 13,600
Exercise price: $30.04

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,700
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 26,700
Exercise price: $9.74

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,670
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 3,670
Exercise price: $31.76

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 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, 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.

Footnote F6

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.

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

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.

Footnote F9

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

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