Filing Details
- Accession Number:
- 0001628280-24-010617
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-12 17:08:37
- Reporting Period:
- 2024-02-29
- Accepted Time:
- 2024-03-12 17:08:37
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 8063 | Astronics Corp | ATRO | Aircraft Parts & Auxiliary Equipment, Nec (3728) | 160959303 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1763630 | C Michael Kuehn | 130 Commerce Way East Aurora NY 14052 | Executive Vice President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| $.01 Pv Com Stk | Disposition | 2024-02-29 | 2,209 | $20.16 | 14,248 | No | 4 | S | Direct | |
| $.01 Pv Com Stk | Acquisiton | 2024-03-08 | 7,838 | $0.00 | 22,086 | No | 4 | M | Direct | |
| $.01 Pv Com Stk | Disposition | 2024-03-08 | 2,226 | $18.90 | 19,860 | No | 4 | F | Direct | |
| $.01 Pv Com Stk | Acquisiton | 2024-03-08 | 226 | $0.00 | 20,086 | No | 4 | M | Direct | |
| $.01 Pv Com Stk | Disposition | 2024-03-08 | 137 | $18.90 | 19,949 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| $.01 Pv Com Stk | Restricted Stock Unit | Disposition | 2024-03-08 | 226 | $0.00 | 226 | $0.00 |
| $.01 Pv Com Stk | Restricted Stock Unit | Disposition | 2024-03-08 | 7,838 | $0.00 | 7,838 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| $.01 Pv Com Stk | Option | $35.61 | 2018-12-12 | 2027-12-12 | 8,050 | 8,050 | Direct |
| $.01 Pv Cl B Stk | Option | $35.61 | 2018-12-12 | 2027-12-12 | 1,208 | 1,208 | Direct |
| $.01 Pv Com Stk | Option | $31.57 | 2019-12-13 | 2028-12-13 | 12,360 | 12,360 | Direct |
| $.01 Pv Com Stk | Option | $30.04 | 2020-12-09 | 2029-12-09 | 18,150 | 18,150 | Direct |
| $.01 Pv Com Stk | Option | $14.45 | 2022-01-22 | 2031-01-22 | 27,000 | 27,000 | Direct |
| $.01 Pv Com Stk | Option | $11.13 | 2022-12-09 | 2031-12-09 | 32,700 | 32,700 | Direct |
| $.01 Pv Com Stk | Option | $9.74 | 2023-12-16 | 2032-12-16 | 35,600 | 35,600 | Direct |
| $.01 Pv Com Stk | Option | $15.15 | 2024-12-07 | 2033-12-07 | 8,300 | 8,300 | Direct |
| $.01 Pv Com Stk | Restricted Stock Unit | $0.00 | 12,550 | 12,550 | Direct | ||
| $.01 Pv Com Stk | Restricted Stock Unit | $0.00 | 11,500 | 11,500 | Direct | ||
| $.01 Pv Com Stk | Restricted Stock Unit | $0.00 | 18,550 | 18,550 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2027-12-12 | 8,050 | 8,050 | Direct |
| 2027-12-12 | 1,208 | 1,208 | Direct |
| 2028-12-13 | 12,360 | 12,360 | Direct |
| 2029-12-09 | 18,150 | 18,150 | Direct |
| 2031-01-22 | 27,000 | 27,000 | Direct |
| 2031-12-09 | 32,700 | 32,700 | Direct |
| 2032-12-16 | 35,600 | 35,600 | Direct |
| 2033-12-07 | 8,300 | 8,300 | Direct |
| 12,550 | 12,550 | Direct | |
| 11,500 | 11,500 | Direct | |
| 18,550 | 18,550 | Direct |
Footnotes
- Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
- Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- These restricted stock units vest ratably on each anniversary of the grant date over three years. The amounts shown reflect the final 1/3 of the original award which vested on February 26, 2024.
- Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2021- December 31, 2023. The amount shown reflects 75% of the target number of restricted stock units which vested on December 31, 2023.
- 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.
- Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2023- December31, 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.
- 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.
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