Nancy L. Hedges - Mar 18, 2025 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Principal Accounting Officer
Signature
/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges
Stock symbol
ATRO
Transactions as of
Mar 18, 2025
Transactions value $
$206,006
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 $137K +5.5K +22.98% $24.91 29.4K Mar 18, 2025 Direct
transaction ATRO $.01 PV Com Stk Tax liability $69K +2.77K +11.57% $24.91 26.7K Mar 18, 2025 Direct F1
holding ATRO $.01 PV CL B STK 607 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 -5.5K -100% $0.00 0 Mar 18, 2025 $.01 PV Com Stk 5.5K Direct F2, F6
holding ATRO Option 1.4K Mar 18, 2025 $.01 PV Com Stk 1.4K $27.72 Direct
holding ATRO Option 452 Mar 18, 2025 $.01 PV CL B STK 452 $27.72 Direct
holding ATRO Restricted Stock Unit 5.02K Mar 18, 2025 $.01 PV Com Stk 5.02K Direct F2, F3
holding ATRO Option 1.52K Mar 18, 2025 $.01 PV Com Stk 1.52K $31.76 Direct
holding ATRO Option 228 Mar 18, 2025 $.01 PV CL B STK 228 $31.76 Direct
holding ATRO Restricted Stock Unit 5.05K Mar 18, 2025 $.01 PV Com Stk 5.05K Direct F2, F4
holding ATRO Restricted Stock Unit 17.7K Mar 18, 2025 $.01 PV Com Stk 17.7K 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, 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 22, 2027, with the vesting percentage determined based on actual performance.
F4 These restricted stock units are scheduled to vest 100% on February 23, 2026.
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 These restricted stock units vested 100% on February 24, 2025.