PETER J. GUNDERMANN - 22 Feb 2024 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
22 Feb 2024
Transactions value $
$0
Form type
4
Filing time
26 Feb 2024, 16:23:33 UTC
Previous filing
11 Dec 2023
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Com Stk 52.1K 22 Feb 2024 Direct
holding ATRO $.01 PV CL B STK 743K 22 Feb 2024 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 Award $0 +26.5K $0.00 26.5K 22 Feb 2024 $.01 PV Com Stk 26.5K Direct F1, F6
holding ATRO Option 10.1K 22 Feb 2024 $.01 PV Com Stk 10.1K $30.83 Direct
holding ATRO Option 5.26K 22 Feb 2024 $.01 PV CL B STK 5.26K $30.83 Direct
holding ATRO Option 13.7K 22 Feb 2024 $.01 PV Com Stk 13.7K $27.72 Direct
holding ATRO Option 4.42K 22 Feb 2024 $.01 PV CL B STK 4.42K $27.72 Direct
holding ATRO Option 14.5K 22 Feb 2024 $.01 PV Com Stk 14.5K $31.76 Direct
holding ATRO Option 2.17K 22 Feb 2024 $.01 PV CL B STK 2.17K $31.76 Direct
holding ATRO Option 26.3K 22 Feb 2024 $.01 PV Com Stk 26.3K $35.61 Direct
holding ATRO Option 3.95K 22 Feb 2024 $.01 PV CL B STK 3.95K $35.61 Direct
holding ATRO Option 34.8K 22 Feb 2024 $.01 PV Com Stk 34.8K $31.57 Direct
holding ATRO Option 61.2K 22 Feb 2024 $.01 PV Com Stk 61.2K $30.04 Direct
holding ATRO Option 98.9K 22 Feb 2024 $.01 PV Com Stk 98.9K $14.45 Direct
holding ATRO Option 116K 22 Feb 2024 $.01 PV Com Stk 116K $11.13 Direct
holding ATRO Option 125K 22 Feb 2024 $.01 PV Com Stk 125K $9.74 Direct
holding ATRO Option 83.9K 22 Feb 2024 $.01 PV Com Stk 83.9K $15.15 Direct
holding ATRO Restricted Stock Unit 350 22 Feb 2024 $.01 PV Com Stk 350 Direct F1, F2
holding ATRO Restricted Stock Unit 12.3K 22 Feb 2024 $.01 PV Com Stk 12.3K Direct F1, F3
holding ATRO Restricted Stock Unit 14.8K 22 Feb 2024 $.01 PV Com Stk 14.8K Direct F1, F4
holding ATRO Restricted Stock Unit 13.6K 22 Feb 2024 $.01 PV Com Stk 13.6K Direct F1, F5
* 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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F3 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.
F4 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.
F5 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.
F6 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.