ASTRONICS CORP — Director's Dealing 2023

Oct 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASTRONICS CORP (ATRO)
CIK: 0000008063
Period of Report: 2023-09-29

Reporting Person: Mulato James (Pres Astronics Test Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-09	$.01 PV Common Stock	J	171.127	$17.44	Acquired	17519.2	Direct
2023-08-21	$.01 PV Common Stock	J	150.854	$16.99	Acquired	17670.05	Direct
2023-09-29	$.01 PV Common Stock	A	2992	$7.10	Acquired	20662.05	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
$.01 PV Class B Stock	1195	Direct
$.01 PV Common Stock	100	Indirect
$.01 PV Class B Stock	32	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$34.75	2024-03-31	$.01 PV Com Stk (2400)	2400	Direct
Option	$34.75	2024-03-31	$.01 PV Cl B Stk (1980)	1980	Direct
Option	$30.83	2024-12-11	$.01 PV Com Stk (3300)	3300	Direct
Option	$30.83	2024-12-11	$.01 PV Cl B Stk (1719)	1719	Direct
Option	$27.72	2025-12-03	$.01 PV Com Stk (4300)	4300	Direct
Option	$27.72	2025-12-03	$.01 PV Cl B Stk (1387)	1387	Direct
Option	$31.76	2026-12-14	$.01 PV Com Stk (6560)	6560	Direct
Option	$31.76	2026-12-14	$.01 PV Cl B Stk (984)	984	Direct
Option	$35.61	2027-12-12	$.01 PV Com Stk (7950)	7950	Direct
Option	$35.61	2027-12-12	$.01 PV Cl B Stk (1193)	1193	Direct
Option	$31.57	2028-12-13	$.01 PV Com Stk (11570)	11570	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 (210)	210	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: Acquired shares via exercise of subscription agreement under Employee Stock Purchase Plan.

F3: Represents shares owned by his wife.

F4: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

F5: These restricted stock units vest ratably on each anniversary of the grant date over three years.

F6: 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.

F7: 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.

F8: 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.