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

Reporting relationship: VP-FINANCE, CFO
Issuer ticker: ATRO
Reported as of: 10 May 2024
Net transaction value: +$2,970
SEC form: 4
Accepted by SEC: 14 May 2024, 16:12:41 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 David C. Burney

Key filing fact

David C. Burney filed Form 4 for ASTRONICS CORP (ATRO) on 14 May 2024.

Key facts

This page summarizes David C. Burney's Form 4 filing for ASTRONICS CORP (ATRO).
3 reported transactions and 19 derivative rows are listed below.
Accepted by SEC: 14 May 2024, 16:12.

Change

Previous filing in this sequence was filed on 12 Mar 2024.
Current net transaction value: +$2,970.

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: +272
Change %: +0.46%
Price: $0.000000
Shares after: 59,673
Date: 10 May 2024
Ownership: Direct
Footnotes: F1

ATRO transaction

$.01 PV Com Stk

Tax liability

Transaction value: $0
Shares: -98
Change %: -0.16%
Price: $0.000000
Shares after: 59,575
Date: 10 May 2024
Ownership: Direct
Footnotes: F2

ATRO transaction

$.01 PV Com Stk

Other

Transaction value: $2,970
Shares: +157
Change %: +0.26%
Price: $18.89
Shares after: 59,733
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: 191,833
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: 953
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 953
Exercise price: $35.61

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: 8,410
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 8,410
Exercise price: $31.57

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,641
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 1,641
Exercise price: $30.83

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, F5

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,322
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 1,322
Exercise price: $27.72

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,100
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 4,100
Exercise price: $27.72

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 23,800
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 23,800
Exercise price
Footnotes: F4, F6

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,370
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 4,370
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, F7

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 656
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV CL B STK
Underlying amount: 656
Exercise price: $31.76

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: 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: 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: 6,350
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 6,350
Exercise price: $35.61

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,600
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 9,600
Exercise price
Footnotes: F4, F8

ATRO holding Derivative

Option

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,150
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 3,150
Exercise price: $30.83

ATRO holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,800
Date: 10 May 2024
Ownership: Direct
Underlying class: $.01 PV Com Stk
Underlying amount: 8,800
Exercise price
Footnotes: F4, F9

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

^* 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, 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 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.

Footnote F7

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

Footnote 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.

Footnote 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.

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