MARK PEABODY - 07 Dec 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Astronics Advanced Electron
Signature
/s/Julie Davis, as Power of Attorney for Mark Peabody
Issuer symbol
ATRO
Transactions as of
07 Dec 2023
Net transactions value
+$128,008
Form type
4
Filing time
11 Dec 2023, 16:44:03 UTC
Previous filing
02 Oct 2023
Next filing
19 Dec 2023
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 $2,263 +146 +0.45% $15.50 32,691 20 Nov 2023 Direct F1
holding ATRO $.01 PV CL B STK 198,494 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 2,990 07 Dec 2023 $.01 PV Com Stk 2,990 $28.45 Direct
holding ATRO Option 2,467 07 Dec 2023 $.01 PV CL B STK 2,467 $28.45 Direct
holding ATRO Option 3,470 07 Dec 2023 $.01 PV Com Stk 3,470 $30.83 Direct
holding ATRO Option 1,807 07 Dec 2023 $.01 PV CL B STK 1,807 $30.83 Direct
holding ATRO Option 4,500 07 Dec 2023 $.01 PV Com Stk 4,500 $27.72 Direct
holding ATRO Option 1,451 07 Dec 2023 $.01 PV CL B STK 1,451 $27.72 Direct
holding ATRO Option 4,820 07 Dec 2023 $.01 PV Com Stk 4,820 $31.76 Direct
holding ATRO Option 723 07 Dec 2023 $.01 PV CL B STK 723 $31.76 Direct
holding ATRO Option 7,010 07 Dec 2023 $.01 PV Com Stk 7,010 $35.61 Direct
holding ATRO Option 1,052 07 Dec 2023 $.01 PV CL B STK 1,052 $35.61 Direct
holding ATRO Option 9,280 07 Dec 2023 $.01 PV Com Stk 9,280 $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 294 07 Dec 2023 $.01 PV Com Stk 294 Direct F2, F3
holding ATRO Restricted Stock Unit 9,825 07 Dec 2023 $.01 PV Com Stk 9,825 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 11,800 07 Dec 2023 $.01 PV Com Stk 11,800 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 10,850 07 Dec 2023 $.01 PV Com Stk 10,850 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.