JAMES S. KRAMER - 23 Feb 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
23 Feb 2023
Net transactions value
$0
Form type
4
Filing time
27 Feb 2023, 16:24:27 UTC
Previous filing
20 Dec 2022
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Common Stock 19,791 23 Feb 2023 Direct
holding ATRO $.01 PV Class B Stock 123,342 23 Feb 2023 Direct
holding ATRO $.01 PV Common Stock 35,555 23 Feb 2023 Estate executor James Kramer
holding ATRO $.01 PV Class B Stock 279,758 23 Feb 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 Restricted Stock Unit Award $0 +8,150 $0.000000 8,150 23 Feb 2023 $.01 PV Com Stk 8,150 Direct F1, F6
holding ATRO Option 2,330 23 Feb 2023 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 23 Feb 2023 $.01 PV Cl B Stk 1,922 $28.45 Direct
holding ATRO Option 2,720 23 Feb 2023 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 23 Feb 2023 $.01 PV Cl B Stk 1,417 $30.83 Direct
holding ATRO Option 3,500 23 Feb 2023 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 23 Feb 2023 $.01 PV Cl B Stk 1,129 $27.72 Direct
holding ATRO Option 3,670 23 Feb 2023 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 23 Feb 2023 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5,340 23 Feb 2023 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 23 Feb 2023 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7,060 23 Feb 2023 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Option 13,600 23 Feb 2023 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Restricted Stock Unit 6,100 23 Feb 2023 $.01 PV Com Stk 6,100 Direct F1, F2
holding ATRO Option 20,250 23 Feb 2023 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 349 23 Feb 2023 $.01 PV Com Stk 349 Direct F1, F3
holding ATRO Restricted Stock Unit 7,375 23 Feb 2023 $.01 PV Com Stk 7,375 Direct F1, F4
holding ATRO Option 24,500 23 Feb 2023 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 8,850 23 Feb 2023 $.01 PV Com Stk 8,850 Direct F1, F5
holding ATRO Option 26,700 23 Feb 2023 $.01 PV Com Stk 26,700 $9.74 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January1, 2020- December 31, 2022. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2022, with the vesting percentage determined based on actual performance.
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.