JAMES S. KRAMER - 07 Dec 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Luminescent Systems, Inc.
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
07 Dec 2023
Transactions value $
$128,076
Form type
4
Filing time
11 Dec 2023, 16:38:27 UTC
Previous filing
26 Feb 2024
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 $2,330 +150 +0.06% $15.5 261,264 20 Nov 2023 Direct F1
holding ATRO $.01 PV CL B STK 123,342 07 Dec 2023 Direct
holding ATRO $.01 PV Com Stk 35,555 07 Dec 2023 Estate executor James Kramer
holding ATRO $.01 PV CL B STK 279,758 07 Dec 2023 Estate executor James Kramer

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 2,330 07 Dec 2023 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 07 Dec 2023 $.01 PV CL B STK 1,922 $28.45 Direct
holding ATRO Option 2,720 07 Dec 2023 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 07 Dec 2023 $.01 PV CL B STK 1,417 $30.83 Direct
holding ATRO Option 3,500 07 Dec 2023 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 07 Dec 2023 $.01 PV CL B STK 1,129 $27.72 Direct
holding ATRO Option 3,670 07 Dec 2023 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 07 Dec 2023 $.01 PV CL B STK 551 $31.76 Direct
holding ATRO Option 5,340 07 Dec 2023 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 07 Dec 2023 $.01 PV CL B STK 801 $35.61 Direct
holding ATRO Option 7,060 07 Dec 2023 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Option 13,600 07 Dec 2023 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Option 20,250 07 Dec 2023 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 174 07 Dec 2023 $.01 PV Com Stk 174 Direct F2, F3
holding ATRO Restricted Stock Unit 7,375 07 Dec 2023 $.01 PV Com Stk 7,375 Direct F2, F4
holding ATRO Option 24,500 07 Dec 2023 $.01 PV Com Stk 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 8,850 07 Dec 2023 $.01 PV Com Stk 8,850 Direct F2, F5
holding ATRO Option 26,700 07 Dec 2023 $.01 PV Com Stk 26,700 $9.74 Direct
holding ATRO Restricted Stock Unit 8,150 07 Dec 2023 $.01 PV Com Stk 8,150 Direct F2, F6
* 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 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F4 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.
F5 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.
F6 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.