PETER J. GUNDERMANN - 27 Feb 2025 Form 4 Insider Report for ASTRONICS CORP (ATRO)

Role: PRESIDENT/CEO, Director
Signature: /S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
Issuer symbol: ATRO
Transactions as of: 27 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2025, 16:18:59 UTC
Previous filing: 09 Dec 2024
Next filing: 03 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATRO	$.01 PV Com Stk						74,984	27 Feb 2025	Direct
holding	ATRO	$.01 PV CL B STK						743,493	27 Feb 2025	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	+25,250		$0.000000	25,250	27 Feb 2025	$.01 PV Com Stk	25,250		Direct	F1, F5
holding	ATRO	Option						10,100	27 Feb 2025	$.01 PV Com Stk	10,100	$30.83	Direct
holding	ATRO	Option						5,261	27 Feb 2025	$.01 PV CL B STK	5,261	$30.83	Direct
holding	ATRO	Option						13,700	27 Feb 2025	$.01 PV Com Stk	13,700	$27.72	Direct
holding	ATRO	Option						4,418	27 Feb 2025	$.01 PV CL B STK	4,418	$27.72	Direct
holding	ATRO	Option						14,460	27 Feb 2025	$.01 PV Com Stk	14,460	$31.76	Direct
holding	ATRO	Option						2,169	27 Feb 2025	$.01 PV CL B STK	2,169	$31.76	Direct
holding	ATRO	Option						26,300	27 Feb 2025	$.01 PV Com Stk	26,300	$35.61	Direct
holding	ATRO	Option						3,945	27 Feb 2025	$.01 PV CL B STK	3,945	$35.61	Direct
holding	ATRO	Option						34,790	27 Feb 2025	$.01 PV Com Stk	34,790	$31.57	Direct
holding	ATRO	Option						61,200	27 Feb 2025	$.01 PV Com Stk	61,200	$30.04	Direct
holding	ATRO	Option						98,900	27 Feb 2025	$.01 PV Com Stk	98,900	$14.45	Direct
holding	ATRO	Option						115,800	27 Feb 2025	$.01 PV Com Stk	115,800	$11.13	Direct
holding	ATRO	Option						125,000	27 Feb 2025	$.01 PV Com Stk	125,000	$9.74	Direct
holding	ATRO	Option						83,900	27 Feb 2025	$.01 PV Com Stk	83,900	$15.15	Direct
holding	ATRO	Restricted Stock Unit						14,750	27 Feb 2025	$.01 PV Com Stk	14,750		Direct	F1, F2
holding	ATRO	Restricted Stock Unit						9,206	27 Feb 2025	$.01 PV Com Stk	9,206		Direct	F1, F3
holding	ATRO	Restricted Stock Unit						26,450	27 Feb 2025	$.01 PV Com Stk	26,450		Direct	F1, F4
holding	ATRO	Option						75,800	27 Feb 2025	$.01 PV Com Stk	75,800	$16.55	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 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.
F3	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.
F4	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.
F5	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.