Peter J. Gundermann - 05 Dec 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: 05 Dec 2024
Transactions value $: $1,254,490
Form type: 4
Date filed: 09 Dec 2024, 16:20
Previous filing: 14 Nov 2024
Next filing: 03 Mar 2025
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						75K	05 Dec 2024	Direct
holding	ATRO	$.01 PV CL B STK						743K	05 Dec 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	Option	Award	$1.25M	+75.8K		$16.55	75.8K	05 Dec 2024	$.01 PV Com Stk	75.8K	$16.55	Direct
holding	ATRO	Option						10.1K	05 Dec 2024	$.01 PV Com Stk	10.1K	$30.83	Direct
holding	ATRO	Option						5.26K	05 Dec 2024	$.01 PV CL B STK	5.26K	$30.83	Direct
holding	ATRO	Option						13.7K	05 Dec 2024	$.01 PV Com Stk	13.7K	$27.72	Direct
holding	ATRO	Option						4.42K	05 Dec 2024	$.01 PV CL B STK	4.42K	$27.72	Direct
holding	ATRO	Option						14.5K	05 Dec 2024	$.01 PV Com Stk	14.5K	$31.76	Direct
holding	ATRO	Option						2.17K	05 Dec 2024	$.01 PV CL B STK	2.17K	$31.76	Direct
holding	ATRO	Option						26.3K	05 Dec 2024	$.01 PV Com Stk	26.3K	$35.61	Direct
holding	ATRO	Option						3.95K	05 Dec 2024	$.01 PV CL B STK	3.95K	$35.61	Direct
holding	ATRO	Option						34.8K	05 Dec 2024	$.01 PV Com Stk	34.8K	$31.57	Direct
holding	ATRO	Option						61.2K	05 Dec 2024	$.01 PV Com Stk	61.2K	$30.04	Direct
holding	ATRO	Option						98.9K	05 Dec 2024	$.01 PV Com Stk	98.9K	$14.45	Direct
holding	ATRO	Option						116K	05 Dec 2024	$.01 PV Com Stk	116K	$11.13	Direct
holding	ATRO	Option						125K	05 Dec 2024	$.01 PV Com Stk	125K	$9.74	Direct
holding	ATRO	Option						83.9K	05 Dec 2024	$.01 PV Com Stk	83.9K	$15.15	Direct
holding	ATRO	Restricted Stock Unit						14.8K	05 Dec 2024	$.01 PV Com Stk	14.8K		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						9.21K	05 Dec 2024	$.01 PV Com Stk	9.21K		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						26.5K	05 Dec 2024	$.01 PV Com Stk	26.5K		Direct	F1, F4

* 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 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.
F3	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.
F4	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 23, 2027, with the vesting percentage determined based on actual performance.