James Mulato - 07 Dec 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Issuer symbol
ATRO
Transactions as of
07 Dec 2023
Net transactions value
+$128,735
Form type
4
Filing time
11 Dec 2023, 16:31:29 UTC
Previous filing
02 Oct 2023
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Other $2,990 +193 +0.93% $15.50 20,855 20 Nov 2023 Direct F1
holding ATRO $.01 PV CL B STK 1,195 07 Dec 2023 Direct
holding ATRO $.01 PV Com Stk 100 07 Dec 2023 Spouse F2
holding ATRO $.01 PV CL B STK 32 07 Dec 2023 Spouse F2

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 Options Exercise $125,745 +8,300 $15.15 8,300 07 Dec 2023 $.01 PV Com Stk 8,300 $15.15 Direct
holding ATRO Option 2,400 07 Dec 2023 $.01 PV Com Stk 2,400 $34.75 Direct
holding ATRO Option 1,980 07 Dec 2023 $.01 PV CL B STK 1,980 $34.75 Direct
holding ATRO Option 3,300 07 Dec 2023 $.01 PV Com Stk 3,300 $30.83 Direct
holding ATRO Option 1,719 07 Dec 2023 $.01 PV CL B STK 1,719 $30.83 Direct
holding ATRO Option 4,300 07 Dec 2023 $.01 PV Com Stk 4,300 $27.72 Direct
holding ATRO Option 1,387 07 Dec 2023 $.01 PV CL B STK 1,387 $27.72 Direct
holding ATRO Option 6,560 07 Dec 2023 $.01 PV Com Stk 6,560 $31.76 Direct
holding ATRO Option 984 07 Dec 2023 $.01 PV CL B STK 984 $31.76 Direct
holding ATRO Option 7,950 07 Dec 2023 $.01 PV Com Stk 7,950 $35.61 Direct
holding ATRO Option 1,193 07 Dec 2023 $.01 PV CL B STK 1,193 $35.61 Direct
holding ATRO Option 11,570 07 Dec 2023 $.01 PV Com Stk 11,570 $31.57 Direct
holding ATRO Option 18,150 07 Dec 2023 $.01 PV Com Stk 18,150 $30.04 Direct
holding ATRO Option 27,000 07 Dec 2023 $.01 PV Com Stk 27,000 $14.45 Direct
holding ATRO Restricted Stock Unit 210 07 Dec 2023 $.01 PV Com Stk 210 Direct F3, F4
holding ATRO Restricted Stock Unit 10,450 07 Dec 2023 $.01 PV Com Stk 10,450 Direct F3, F5
holding ATRO Option 32,700 07 Dec 2023 $.01 PV Com Stk 32,700 $11.13 Direct
holding ATRO Restricted Stock Unit 12,550 07 Dec 2023 $.01 PV Com Stk 12,550 Direct F3, F6
holding ATRO Option 35,600 07 Dec 2023 $.01 PV Com Stk 35,600 $9.74 Direct
holding ATRO Restricted Stock Unit 11,500 07 Dec 2023 $.01 PV Com Stk 11,500 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents shares owned by his wife.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 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.
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.
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.