PETER J. GUNDERMANN - 07 Dec 2023 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
PRESIDENT/CEO, Director
Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol
ATRO
Transactions as of
07 Dec 2023
Transactions value $
$1,280,917
Form type
4
Filing time
11 Dec 2023, 17:14:40 UTC
Previous filing
16 Nov 2023
Next filing
26 Feb 2024
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 Other $4.58K +263 +0.51% $17.44 51.8K 09 Jun 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $4.53K +270 +0.52% $16.77 52.1K 21 Aug 2023 Direct F1
transaction ATRO $.01 PV COMMON STOCK Other $726 +46.8 +0.09% $15.50 52.1K 20 Nov 2023 Direct F1
holding ATRO $.01 PV CLASS B STOCK 743K 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 $1.27M +83.9K $15.15 83.9K 07 Dec 2023 $.01 PV COM STK 83.9K $15.15 Direct
holding ATRO OPTION 8.3K 07 Dec 2023 $.01 PV COM STK 8.3K $28.45 Direct
holding ATRO OPTION 6.85K 07 Dec 2023 $.01 PV CL B STK 6.85K $28.45 Direct
holding ATRO OPTION 10.1K 07 Dec 2023 $.01 PV COM STK 10.1K $30.83 Direct
holding ATRO OPTION 5.26K 07 Dec 2023 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO OPTION 13.7K 07 Dec 2023 $.01 PV COM STK 13.7K $27.72 Direct
holding ATRO Option 4.42K 07 Dec 2023 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K 07 Dec 2023 $.01 PV COM STK 14.5K $31.76 Direct
holding ATRO Option 2.17K 07 Dec 2023 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K 07 Dec 2023 $.01 PV COM STK 26.3K $35.61 Direct
holding ATRO Option 3.95K 07 Dec 2023 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K 07 Dec 2023 $.01 PV COM STK 34.8K $31.57 Direct
holding ATRO Option 61.2K 07 Dec 2023 $.01 PV COM STK 61.2K $30.04 Direct
holding ATRO Option 98.9K 07 Dec 2023 $.01 PV COM STK 98.9K $14.45 Direct
holding ATRO Restricted Stock Unit 350 07 Dec 2023 $.01 PV COM STK 350 Direct F2, F3
holding ATRO Restricted Stock Unit 12.3K 07 Dec 2023 $.01 PV COM STK 12.3K Direct F2, F4
holding ATRO Option 116K 07 Dec 2023 $.01 PV COM STK 116K $11.13 Direct
holding ATRO Restricted Stock Unit 14.8K 07 Dec 2023 $.01 PV COM STK 14.8K Direct F2, F5
holding ATRO Option 125K 07 Dec 2023 $.01 PV COM STK 125K $9.74 Direct
holding ATRO Restricted Stock Unit 13.6K 07 Dec 2023 $.01 PV COM STK 13.6K 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 January 1, 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 January 1, 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.