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ASTRONICS CORP — Director's Dealing 2023
Dec 11, 2023
31886_dirs_2023-12-11_88c23472-e32c-492f-8e1d-2243a217ba9c.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: 2023-12-07
Reporting Person: Kuehn Michael C (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-20 | $.01 PV Com Stk | J | 175.013 | $15.50 | Acquired | 9313.479 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-07 | Option | $15.15 | M | 8300 | Acquired | 2033-12-07 | $.01 PV Com Stk (8300) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $35.61 | 2027-12-12 | $.01 PV 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 | $.01 PV Com Stk (12360) | 12360 | Direct |
| Option | $30.04 | 2029-12-09 | $.01 PV Com Stk (18150) | 18150 | Direct |
| Option | $14.45 | 2031-01-22 | $.01 PV Com Stk (27000) | 27000 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (226) | 226 | 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 | |
| Option | $9.74 | 2032-12-16 | $.01 PV Com Stk (35600) | 35600 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (11500) | 11500 | Direct |
Footnotes
F1: 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.
F2: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3: These restricted stock units vest ratably on each anniversary of the grant date over three years.
F4: 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.
F5: 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.
F6: 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.