Peter J. Gundermann - Mar 18, 2025 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Stock symbol
ATRO
Transactions as of
Mar 18, 2025
Transactions value $
$102,953
Form type
4
Date filed
3/20/2025, 04:47 PM
Previous filing
Mar 3, 2025
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Options Exercise $0 +11.1K +14.75% $0.00 86K Mar 18, 2025 Direct
transaction ATRO $.01 PV Com Stk Tax liability $103K +4.13K +5.51% $24.91 79.1K Mar 18, 2025 Direct F1
holding ATRO $.01 PV CL B STK 743K Mar 18, 2025 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 Restricted Stock Unit Options Exercise $0 -11.1K -100% $0.00 0 Mar 18, 2025 $.01 PV Com Stk 11.1K Direct F2, F6
holding ATRO Option 13.7K Mar 18, 2025 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 4.42K Mar 18, 2025 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K Mar 18, 2025 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 2.17K Mar 18, 2025 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K Mar 18, 2025 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Option 3.95K Mar 18, 2025 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K Mar 18, 2025 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 61.2K Mar 18, 2025 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Option 98.9K Mar 18, 2025 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Option 116K Mar 18, 2025 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 125K Mar 18, 2025 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 83.9K Mar 18, 2025 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 9.21K Mar 18, 2025 $.01 PV Com Stk 9.21K Direct F2, F3
holding ATRO Restricted Stock Unit 26.5K Mar 18, 2025 $.01 PV Com Stk 26.5K Direct F2, F4
holding ATRO Option 75.8K Mar 18, 2025 $.01 PV Com Stk 75.8K $16.55 Direct
holding ATRO Restricted Stock Unit 25.3K Mar 18, 2025 $.01 PV Com Stk 25.3K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
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, 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.
F4 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 23, 2027, 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 January 1, 2025- December 31, 2027. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 27, 2028, 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, 2022- December 31, 2024. The amount shown reflects 75% of the target number of restricted stock units which vested on February 24, 2025.