James S. Kramer - Feb 24, 2022 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
Executive Vice President
Signature
/s/Julie Davis, as Power of Attorney for James S. Kramer
Stock symbol
ATRO
Transactions as of
Feb 24, 2022
Transactions value $
$0
Form type
4
Date filed
2/28/2022, 03:37 PM
Previous filing
Dec 13, 2021
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATRO $.01 PV Common Stock 53.7K Feb 24, 2022 Direct
holding ATRO $.01 PV Class B Stock 403K Feb 24, 2022 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 +8.85K $0.00 8.85K Feb 24, 2022 $.01 PV Com Stk 8.85K Direct F1, F6
holding ATRO Option 5.7K Feb 24, 2022 $.01 PV Com Stk 5.7K $9.20 Direct
holding ATRO Option 6.78K Feb 24, 2022 $.01 PV Cl B Stk 6.78K $9.20 Direct
holding ATRO Option 2.33K Feb 24, 2022 $.01 PV Com Stk 2.33K $28.45 Direct
holding ATRO Option 1.92K Feb 24, 2022 $.01 PV Cl B Stk 1.92K $28.45 Direct
holding ATRO Option 2.72K Feb 24, 2022 $.01 PV Com Stk 2.72K $30.83 Direct
holding ATRO Option 1.42K Feb 24, 2022 $.01 PV Cl B Stk 1.42K $30.83 Direct
holding ATRO Option 3.5K Feb 24, 2022 $.01 PV Com Stk 3.5K $27.72 Direct
holding ATRO Option 1.13K Feb 24, 2022 $.01 PV Cl B Stk 1.13K $27.72 Direct
holding ATRO Option 3.67K Feb 24, 2022 $.01 PV Com Stk 3.67K $31.76 Direct
holding ATRO Option 551 Feb 24, 2022 $.01 PV Cl B Stk 551 $31.76 Direct
holding ATRO Option 5.34K Feb 24, 2022 $.01 PV Com Stk 5.34K $35.61 Direct
holding ATRO Option 801 Feb 24, 2022 $.01 PV Cl B Stk 801 $35.61 Direct
holding ATRO Option 7.06K Feb 24, 2022 $.01 PV Com Stk 7.06K $31.57 Direct
holding ATRO Restricted Stock Unit 929 Feb 24, 2022 $.01 PV Com Stk 929 Direct F1, F2
holding ATRO Option 13.6K Feb 24, 2022 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Restricted Stock Unit 6.1K Feb 24, 2022 $.01 PV Com Stk 6.1K Direct F1, F3
holding ATRO Option 20.3K Feb 24, 2022 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Restricted Stock Unit 524 Feb 24, 2022 $.01 PV Com Stk 524 Direct F1, F4
holding ATRO Restricted Stock Unit 7.38K Feb 24, 2022 $.01 PV Com Stk 7.38K Direct F1, F5
holding ATRO Option 24.5K Feb 24, 2022 $.01 PV COM STK 24.5K $11.13 Direct
* 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 of January 1, 2019-December 31, 2021. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2021, 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 January1, 2020- December 31, 2022. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2022, with the vesting percentage determined based on actual performance.
F4 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F5 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.
F6 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.