David C. Burney - Mar 1, 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role
VP-FINANCE, CFO
Signature
/S/Julie Davis, as power of attorney for David C. Burney
Stock symbol
ATRO
Transactions as of
Mar 1, 2024
Transactions value $
$1,198
Form type
4
Date filed
3/5/2024, 04:27 PM
Previous filing
Feb 26, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +172 +0.33% $0.00 51.8K Mar 1, 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -72 -0.14% $0.00 51.7K Mar 1, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Award $0 +9.86K +19.07% $0.00 61.6K Mar 1, 2024 Direct F3
transaction ATRO $.01 PV Com Stk Tax liability $0 -5.29K -8.59% $0.00 56.3K Mar 1, 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $1.2K +63.4 +0.11% $18.90 56.4K Mar 4, 2024 Direct F4
holding ATRO $.01 PV CL B STK 192K Mar 1, 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
holding ATRO Option 3.15K Mar 1, 2024 $.01 PV Com Stk 3.15K $30.83 Direct
holding ATRO Option 1.64K Mar 1, 2024 $.01 PV CL B STK 1.64K $30.83 Direct
holding ATRO Option 4.1K Mar 1, 2024 $.01 PV Com Stk 4.1K $27.72 Direct
holding ATRO Option 1.32K Mar 1, 2024 $.01 PV CL B STK 1.32K $27.72 Direct
holding ATRO Option 4.37K Mar 1, 2024 $.01 PV Com Stk 4.37K $31.76 Direct
holding ATRO Option 656 Mar 1, 2024 $.01 PV CL B STK 656 $31.76 Direct
holding ATRO Option 6.35K Mar 1, 2024 $.01 PV Com Stk 6.35K $35.61 Direct
holding ATRO Option 953 Mar 1, 2024 $.01 PV CL B STK 953 $35.61 Direct
holding ATRO Option 8.41K Mar 1, 2024 $.01 PV Com Stk 8.41K $31.57 Direct
holding ATRO Option 13.6K Mar 1, 2024 $.01 PV Com Stk 13.6K $30.04 Direct
holding ATRO Option 20.3K Mar 1, 2024 $.01 PV Com Stk 20.3K $14.45 Direct
holding ATRO Option 24.5K Mar 1, 2024 $.01 PV Com Stk 24.5K $11.13 Direct
holding ATRO Option 26.7K Mar 1, 2024 $.01 PV Com Stk 26.7K $9.74 Direct
holding ATRO Option 8.3K Mar 1, 2024 $.01 PV Com Stk 8.3K $15.15 Direct
holding ATRO Restricted Stock Unit 220 Mar 1, 2024 $.01 PV Com Stk 220 Direct F5, F6
holding ATRO Restricted Stock Unit 8K Mar 1, 2024 $.01 PV Com Stk 8K Direct F5, F7
holding ATRO Restricted Stock Unit 9.6K Mar 1, 2024 $.01 PV Com Stk 9.6K Direct F5, F8
holding ATRO Restricted Stock Unit 8.8K Mar 1, 2024 $.01 PV Com Stk 8.8K Direct F5, F9
holding ATRO Restricted Stock Unit 23.8K Mar 1, 2024 $.01 PV Com Stk 23.8K Direct F5, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 bonus plan in shares of the Issuers common stock, par value $0.01 per share, instead of cash, the reporting person was granted the above referenced stock bonus award as a bonus for Q4 2023.
F2 Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F3 Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 bonus plan in shares of the Issuers common stock, par value $0.01 per share, instead of cash, the reporting person was granted the above referenced stock bonus award as an annual bonus for 2023.
F4 Reflects issuer's contribution to the reporting person's account in the issuer stock fund included in the issuer's 401(k) plan. The shares are held in the 401(k) account.
F5 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F6 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7 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.
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 "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.
F9 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.
F10 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.