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ASTRONICS CORP — Director's Dealing 2024
Mar 5, 2024
31886_dirs_2024-03-05_6a2cb7b2-ac94-4790-978e-03ea31070feb.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: 2024-03-01
Reporting Person: Hedges Nancy L (Principal Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | $.01 PV Com Stk | A | 129 | — | Acquired | 17071.548 | Direct |
| 2024-03-01 | $.01 PV Com Stk | F | 54 | — | Disposed | 17017.548 | Direct |
| 2024-03-01 | $.01 PV Com Stk | A | 3687 | — | Acquired | 20704.548 | Direct |
| 2024-03-01 | $.01 PV Com Stk | F | 1532 | — | Disposed | 19172.548 | Direct |
| 2024-03-04 | $.01 PV Com Stk | J | 111.905 | $18.90 | Acquired | 19284.453 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| $.01 PV CL B STK | 607 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option | $30.83 | 2024-12-11 | $.01 PV Com Stk (1120) | 1120 | Direct |
| Option | $30.83 | 2024-12-11 | $.01 PV CL B STK (583) | 583 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV Com Stk (1400) | 1400 | Direct |
| Option | $27.72 | 2025-12-03 | $.01 PV CL B STK (452) | 452 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV Com Stk (1520) | 1520 | Direct |
| Option | $31.76 | 2026-12-14 | $.01 PV CL B STK (228) | 228 | Direct |
| Restricted Stock Unit | $ | $.01 PV Com Stk (138) | 138 | Direct | |
| Restricted Stock Unit | $ | $.01 PV Com Stk (4440) | 4440 | Direct | |
| Restricted Stock Unit | $ | $.01 PV Com Stk (5500) | 5500 | Direct | |
| Restricted Stock Unit | $ | $.01 PV Com Stk (5050) | 5050 | Direct | |
| Restricted Stock Unit | $ | $.01 PV Com Stk (5024) | 5024 | Direct |
Footnotes
F1: Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 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 Q4 2023.
F2: Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
F3: Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 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 an annual bonus for 2023.
F4: 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.
F5: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F6: These restricted stock units vest ratably on each anniversary of the grant date over three years.
F7: These restricted stock units are scheduled to vest 100% on February 26, 2024.
F8: These restricted stock units are scheduled to vest 100% on February 24, 2025.
F9: These restricted stock units are scheduled to vest 100% on February 23, 2026.
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 22, 2027, with the vesting percentage determined based on actual performance.