James Mulato - Mar 18, 2025 Form 4/A - Amendment Insider Report for ASTRONICS CORP (ATRO)

Role
Pres Astronics Test Systems
Signature
/s/Julie Davis, as Power of Attorney for James Mulato
Stock symbol
ATRO
Transactions as of
Mar 18, 2025
Transactions value $
$177,359
Form type
4/A - Amendment
Date filed
4/3/2025, 04:05 PM
Date Of Original Report
Mar 20, 2025
Previous filing
Mar 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Options Exercise $234K +9.41K +26.03% $24.91 45.6K Mar 18, 2025 Direct
transaction ATRO $.01 PV Com Stk Tax liability -$57.1K -2.29K -5.03% $24.91 43.3K Mar 18, 2025 Direct F1, F2, F3
holding ATRO $.01 PV Com Stk 100 Mar 18, 2025 Spouse F4
holding ATRO $.01 PV CL B STK 1.2K Mar 18, 2025 Direct
holding ATRO $.01 PV CL B STK 32 Mar 18, 2025 Spouse F4

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 -9.41K -100% $0.00 0 Mar 18, 2025 $.01 PV Com Stk 9.41K Direct F5, F8
holding ATRO Option 4.3K Mar 18, 2025 $.01 PV Com Stk 4.3K $27.72 Direct
holding ATRO Option 1.39K Mar 18, 2025 $.01 PV CL B STK 1.39K $27.72 Direct
holding ATRO Option 6.56K Mar 18, 2025 $.01 PV Com Stk 6.56K $31.76 Direct
holding ATRO Option 984 Mar 18, 2025 $.01 PV CL B STK 984 $31.76 Direct
holding ATRO Option 7.95K Mar 18, 2025 $.01 PV Com Stk 7.95K $35.61 Direct
holding ATRO Option 1.19K Mar 18, 2025 $.01 PV CL B STK 1.19K $35.61 Direct
holding ATRO Option 11.6K Mar 18, 2025 $.01 PV Com Stk 11.6K $31.57 Direct
holding ATRO Option 18.2K Mar 18, 2025 $.01 PV Com Stk 18.2K $30.04 Direct
holding ATRO Option 27K Mar 18, 2025 $.01 PV Com Stk 27K $14.45 Direct
holding ATRO Option 32.7K Mar 18, 2025 $.01 PV Com Stk 32.7K $11.13 Direct
holding ATRO Option 35.6K Mar 18, 2025 $.01 PV Com Stk 35.6K $9.74 Direct
holding ATRO Option 8.3K Mar 18, 2025 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 18.6K Mar 18, 2025 $.01 PV Com Stk 18.6K Direct F5, F6
holding ATRO Restricted Stock Unit 11.5K Mar 18, 2025 $.01 PV Com Stk 11.5K Direct F5, F7
holding ATRO Restricted Stock Unit 17.7K Mar 18, 2025 $.01 PV Com Stk 17.7K Direct F5, F9
* 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 The original Form 4, filed on March 20, 2025, is being amended by this Form 4 amendment to correct an administrative error, which misreported the transaction as Acquired (A) instead of Disposed (D). The amendment shows the transaction as a Disposition (D).
F3 The original Form 4, filed on March 20, 2025, is being amended by this Form 4 amendment to correct an administrative error, which misreported the total amount of securities owned following the reported transaction. The amendment shows the correct securities owned after the transaction.
F4 Represents shares owned by his wife.
F5 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
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.
F7 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.
F8 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 amount shown reflects 75% of the target number of restricted stock units which vested on February 24, 2025.
F9 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2025- December 31, 2027. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 27, 2028, with the vesting percentage determined based on actual performance.