David C. Burney - May 10, 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: May 10, 2024
Transactions value $: $2,970
Form type: 4
Date filed: 5/14/2024, 04:12 PM
Previous 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	+272	+0.46%	$0.00	59.7K	May 10, 2024	Direct	F1
transaction	ATRO	$.01 PV Com Stk	Tax liability	$0	-98	-0.16%	$0.00	59.6K	May 10, 2024	Direct	F2
transaction	ATRO	$.01 PV Com Stk	Other	$2.97K	+157	+0.26%	$18.89	59.7K	May 13, 2024	Direct	F3
holding	ATRO	$.01 PV CL B STK						192K	May 10, 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						953	May 10, 2024	$.01 PV CL B STK	953	$35.61	Direct
holding	ATRO	Option						8.3K	May 10, 2024	$.01 PV Com Stk	8.3K	$15.15	Direct
holding	ATRO	Option						8.41K	May 10, 2024	$.01 PV Com Stk	8.41K	$31.57	Direct
holding	ATRO	Option						1.64K	May 10, 2024	$.01 PV CL B STK	1.64K	$30.83	Direct
holding	ATRO	Restricted Stock Unit						0	May 10, 2024	$.01 PV Com Stk	0		Direct	F4, F5
holding	ATRO	Option						1.32K	May 10, 2024	$.01 PV CL B STK	1.32K	$27.72	Direct
holding	ATRO	Option						4.1K	May 10, 2024	$.01 PV Com Stk	4.1K	$27.72	Direct
holding	ATRO	Restricted Stock Unit						23.8K	May 10, 2024	$.01 PV Com Stk	23.8K		Direct	F4, F6
holding	ATRO	Option						4.37K	May 10, 2024	$.01 PV Com Stk	4.37K	$31.76	Direct
holding	ATRO	Restricted Stock Unit						0	May 10, 2024	$.01 PV Com Stk	0		Direct	F4, F7
holding	ATRO	Option						656	May 10, 2024	$.01 PV CL B STK	656	$31.76	Direct
holding	ATRO	Option						24.5K	May 10, 2024	$.01 PV Com Stk	24.5K	$11.13	Direct
holding	ATRO	Option						20.3K	May 10, 2024	$.01 PV Com Stk	20.3K	$14.45	Direct
holding	ATRO	Option						13.6K	May 10, 2024	$.01 PV Com Stk	13.6K	$30.04	Direct
holding	ATRO	Option						6.35K	May 10, 2024	$.01 PV Com Stk	6.35K	$35.61	Direct
holding	ATRO	Restricted Stock Unit						9.6K	May 10, 2024	$.01 PV Com Stk	9.6K		Direct	F4, F8
holding	ATRO	Option						3.15K	May 10, 2024	$.01 PV Com Stk	3.15K	$30.83	Direct
holding	ATRO	Restricted Stock Unit						8.8K	May 10, 2024	$.01 PV Com Stk	8.8K		Direct	F4, F9
holding	ATRO	Option						26.7K	May 10, 2024	$.01 PV Com Stk	26.7K	$9.74	Direct

* 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 2024 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 Q1 2024.
F2	Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F3	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.
F4	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F5	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.
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	These restricted stock units vest ratably on each anniversary of the grant date over three years.
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.