DAVID C. BURNEY - 07 Dec 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Issuer symbol
ATRO
Transactions as of
07 Dec 2023
Net transactions value
+$128,646
Form type
4
Filing time
11 Dec 2023, 16:40:08 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 $2,901 +187 +0.36% $15.50 51,623 20 Nov 2023 Direct F1
holding ATRO $.01 PV CL B STK 191,833 07 Dec 2023 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 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 2,600 07 Dec 2023 $.01 PV Com Stk 2,600 $28.45 Direct
holding ATRO Option 2,145 07 Dec 2023 $.01 PV CL B STK 2,145 $28.45 Direct
holding ATRO Option 3,150 07 Dec 2023 $.01 PV Com Stk 3,150 $30.83 Direct
holding ATRO Option 1,641 07 Dec 2023 $.01 PV CL B STK 1,641 $30.83 Direct
holding ATRO Option 4,100 07 Dec 2023 $.01 PV Com Stk 4,100 $27.72 Direct
holding ATRO Option 1,322 07 Dec 2023 $.01 PV CL B STK 1,322 $27.72 Direct
holding ATRO Option 4,370 07 Dec 2023 $.01 PV Com Stk 4,370 $31.76 Direct
holding ATRO Option 656 07 Dec 2023 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6,350 07 Dec 2023 $.01 PV Com Stk 6,350 $35.61 Direct
holding ATRO Option 953 07 Dec 2023 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8,410 07 Dec 2023 $.01 PV Com Stk 8,410 $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 8,000 07 Dec 2023 $.01 PV Com Stk 8,000 Direct F2, F3
holding ATRO Restricted Stock Unit 220 07 Dec 2023 $.01 PV Com Stk 220 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 9,600 07 Dec 2023 $.01 PV Com Stk 9,600 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 8,800 07 Dec 2023 $.01 PV Com Stk 8,800 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 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.
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 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.
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.