JAMES S. KRAMER - 22 Feb 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP Luminescent Systems, Inc.
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Issuer symbol
ATRO
Transactions as of
22 Feb 2024
Transactions value $
$0
Form type
4
Filing time
26 Feb 2024, 16:37:05 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 26,264 22 Feb 2024 Direct
holding ATRO $.01 PV CL B STK 123,342 22 Feb 2024 Direct
holding ATRO $.01 PV Com Stk 35,555 22 Feb 2024 Estate executor James Kramer
holding ATRO $.01 PV CL B STK 279,758 22 Feb 2024 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 +15,900 $0 15,900 22 Feb 2024 $.01 PV Com Stk 15,900 Direct F1, F6
holding ATRO Option 2,720 22 Feb 2024 $.01 PV Com Stk 2,720 $30.83 Direct
holding ATRO Option 1,417 22 Feb 2024 $.01 PV CL B STK 1,417 $30.83 Direct
holding ATRO Option 3,500 22 Feb 2024 $.01 PV Com Stk 3,500 $27.72 Direct
holding ATRO Option 1,129 22 Feb 2024 $.01 PV CL B STK 1,129 $27.72 Direct
holding ATRO Option 3,670 22 Feb 2024 $.01 PV Com Stk 3,670 $31.76 Direct
holding ATRO Option 551 22 Feb 2024 $.01 PV CL B STK 551 $31.76 Direct
holding ATRO Option 5,340 22 Feb 2024 $.01 PV Com Stk 5,340 $35.61 Direct
holding ATRO Option 801 22 Feb 2024 $.01 PV CL B STK 801 $35.61 Direct
holding ATRO Option 7,060 22 Feb 2024 $.01 PV Com Stk 7,060 $31.57 Direct
holding ATRO Option 13,600 22 Feb 2024 $.01 PV Com Stk 13,600 $30.04 Direct
holding ATRO Option 20,250 22 Feb 2024 $.01 PV Com Stk 20,250 $14.45 Direct
holding ATRO Option 24,500 22 Feb 2024 $.01 PV Com Stk 24,500 $11.13 Direct
holding ATRO Option 26,700 22 Feb 2024 $.01 PV Com Stk 26,700 $9.74 Direct
holding ATRO Option 8,300 22 Feb 2024 $.01 PV Com Stk 8,300 $15.15 Direct
holding ATRO Restricted Stock Unit 174 22 Feb 2024 $.01 PV Com Stk 174 Direct F1, F2
holding ATRO Restricted Stock Unit 7,375 22 Feb 2024 $.01 PV Com Stk 7,375 Direct F1, F3
holding ATRO Restricted Stock Unit 8,850 22 Feb 2024 $.01 PV Com Stk 8,850 Direct F1, F4
holding ATRO Restricted Stock Unit 8,150 22 Feb 2024 $.01 PV Com Stk 8,150 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 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.
F4 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.
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.