PETER J. GUNDERMANN - 10 May 2024 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Signature
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol
ATRO
Transactions as of
10 May 2024
Net transactions value
+$4,772
Form type
4
Filing time
14 May 2024, 16:14:42 UTC
Previous filing
12 Mar 2024
Next filing
08 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATRO $.01 PV Com Stk Award $0 +438 +0.59% $0.000000 74,838 10 May 2024 Direct F1
transaction ATRO $.01 PV Com Stk Tax liability $0 -107 -0.14% $0.000000 74,731 10 May 2024 Direct F2
transaction ATRO $.01 PV Com Stk Other $4,772 +253 +0.34% $18.89 74,984 13 May 2024 Direct F3
holding ATRO $.01 PV CL B STK 743,493 10 May 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 61,200 10 May 2024 $.01 PV Com Stk 61,200 $30.04 Direct
holding ATRO Restricted Stock Unit 14,750 10 May 2024 $.01 PV Com Stk 14,750 Direct F4, F5
holding ATRO Restricted Stock Unit 0 10 May 2024 $.01 PV Com Stk 10,175 Direct F4, F6
holding ATRO Option 14,460 10 May 2024 $.01 PV Com Stk 14,460 $31.76 Direct
holding ATRO Option 3,945 10 May 2024 $.01 PV CL B STK 3,945 $35.61 Direct
holding ATRO Option 5,261 10 May 2024 $.01 PV CL B STK 5,261 $30.83 Direct
holding ATRO Option 115,800 10 May 2024 $.01 PV Com Stk 115,800 $11.13 Direct
holding ATRO Option 10,100 10 May 2024 $.01 PV Com Stk 10,100 $30.83 Direct
holding ATRO Option 98,900 10 May 2024 $.01 PV Com Stk 98,900 $14.45 Direct
holding ATRO Restricted Stock Unit 9,206 10 May 2024 $.01 PV Com Stk 9,206 Direct F4, F7
holding ATRO Restricted Stock Unit 0 10 May 2024 $.01 PV Com Stk 0 Direct F4, F8
holding ATRO Option 26,300 10 May 2024 $.01 PV Com Stk 26,300 $35.61 Direct
holding ATRO Restricted Stock Unit 0 10 May 2024 $.01 PV Com Stk 0 Direct F4, F9
holding ATRO Option 2,169 10 May 2024 $.01 PV CL B STK 2,169 $31.76 Direct
holding ATRO Option 34,790 10 May 2024 $.01 PV Com Stk 34,790 $31.57 Direct
holding ATRO Option 13,700 10 May 2024 $.01 PV Com Stk 13,700 $27.72 Direct
holding ATRO Option 83,900 10 May 2024 $.01 PV Com Stk 83,900 $15.15 Direct
holding ATRO Restricted Stock Unit 26,450 10 May 2024 $.01 PV Com Stk 26,450 Direct F4, F10
holding ATRO Option 125,000 10 May 2024 $.01 PV Com Stk 125,000 $9.74 Direct
holding ATRO Option 4,418 10 May 2024 $.01 PV CL B STK 4,418 $27.72 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, 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.
F6 Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2020- December 31, 2022. The "target" number of restricted stock units is reported in Table II. Based on actual performance 75% of the target number of units vested on December 31, 2022.
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 These restricted stock units vest ratably on each anniversary of the grant date over three years.
F9 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.
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 23, 2027, with the vesting percentage determined based on actual performance.