JAMES S. KRAMER - 10 Mar 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
10 Mar 2023
Net transactions value
-$24,738
Form type
4
Filing time
14 Mar 2023, 16:21:17 UTC
Previous filing
27 Feb 2023
Next filing
02 Oct 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 Common Stock Options Exercise $0 +4,575 +23% $0.000000 24,366 10 Mar 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability $26,003 -1,797 -7.4% $14.47 22,569 10 Mar 2022 Direct F1
transaction ATRO $.01 PV Common Stock Options Exercise $0 +175 +0.78% $0.000000 22,744 10 Mar 2023 Direct
transaction ATRO $.01 PV Common Stock Tax liability $998 -69 -0.3% $14.47 22,675 10 Mar 2023 Direct F1
transaction ATRO $.01 PV Common Stock Other $2,263 +177 +0.78% $12.81 22,852 13 Mar 2023 Direct F2
holding ATRO $.01 PV Class B Stock 123,342 10 Mar 2023 Direct
holding ATRO $.01 PV Common Stock 35,555 10 Mar 2023 Estate executor James Kramer
holding ATRO $.01 PV Class B Stock 279,758 10 Mar 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 Options Exercise $0 -4,575 -100% $0.000000* 0 10 Mar 2023 $.01 PV Com Stk 6,100 Direct F3, F4
transaction ATRO Restricted Stock Unit Options Exercise $0 -175 -50% $0.000000 174 10 Mar 2023 $.01 PV Com Stk 349 Direct F3, F5
holding ATRO Option 2,330 10 Mar 2023 $.01 PV Com Stk 2,330 $28.45 Direct
holding ATRO Option 1,923 10 Mar 2023 $.01 PV Cl B Stk 1,922 $28.45 Direct
holding ATRO Option 2,720 10 Mar 2023 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 10 Mar 2023 $.01 PV Cl B Stk 1,417 $30.83 Direct
holding ATRO Option 3,500 10 Mar 2023 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 10 Mar 2023 $.01 PV Cl B Stk 1,129 $27.72 Direct
holding ATRO Option 3,670 10 Mar 2023 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 10 Mar 2023 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5,340 10 Mar 2023 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 10 Mar 2023 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7,060 10 Mar 2023 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Option 13,600 10 Mar 2023 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Option 20,250 10 Mar 2023 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Restricted Stock Unit 7,375 10 Mar 2023 $.01 PV Com Stk 7,375 Direct F3, F6
holding ATRO Option 24,500 10 Mar 2023 $.01 PV COM STK 24,500 $11.13 Direct
holding ATRO Restricted Stock Unit 8,850 10 Mar 2023 $.01 PV Com Stk 8,850 Direct F3, F7
holding ATRO Option 26,700 10 Mar 2023 $.01 PV Com Stk 26,700 $9.74 Direct
holding ATRO Restricted Stock Unit 8,150 10 Mar 2023 $.01 PV Com Stk 8,150 Direct F3, F8
* 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 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.
F3 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2020- December 31, 2022. The "target" number of restricted stock units is reported in Table II. Based on actual performance, 75% of the target number of units vested on December 31, 2022.
F5 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F6 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.
F7 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.
F8 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.