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ASTRONICS CORP — Director's Dealing 2022
Mar 15, 2022
31886_dirs_2022-03-15_52e473c1-8a9f-4f26-95f4-cbe70e69c586.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2022-03-11
Reporting Person: Kuehn Michael C (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-11 | $.01 PV Com Stk | M | 1849 | $0.00 | Acquired | 2621 | Direct |
| 2022-03-11 | $.01 PV Com Stk | F | 640 | $13.18 | Disposed | 1981 | Direct |
| 2022-03-11 | $.01 PV Com Stk | M | 227 | $0.00 | Acquired | 2208 | Direct |
| 2022-03-11 | $.01 PV Com Stk | F | 79 | $13.18 | Disposed | 2129 | Direct |
| 2022-03-04 | $.01 PV Com Stk | J | 925.007 | $0.00 | Acquired | 925.007 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-11 | Restricted Stock Unit | $ | M | 2465 | Disposed | $.01 PV Com Stk (0) | Direct | |
| 2022-03-11 | Restricted Stock Unit | $ | M | 227 | Disposed | $.01PV Com Stk (453) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $35.61 | 2027-12-12 | $.01PV Com Stk (8050) | 8050 | Direct |
| Option | $35.61 | 2027-12-12 | $.01 PV Cl B Stk (1208) | 1208 | Direct |
| Option | $31.57 | 2028-12-13 | $.01PV Com Stk (12360) | 12360 | Direct |
| Option | $30.04 | 2029-12-09 | $.01PV Com Stk (18150) | 18150 | Direct |
| Restricted Stock Unit | $ | $.01PV Com Stk (8650) | 8650 | Direct | |
| Option | $14.45 | 2031-01-22 | $.01PV Com Stk (27000) | 27000 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (10450) | 10450 | Direct | |
| Option | $11.13 | 2031-12-09 | $.01 PV COM STK (32700) | 32700 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (12550) | 12550 | Direct |
Footnotes
F1: Shares withheld by Astronics Corporation to satisfy applicable withholding tax upon vesting of restricted stock units.
F2: 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.
F3: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F4: Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2019-December 31, 2021. 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, 2021.
F5: 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.
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 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.
F8: 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.