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Kuehn Michael C – ‘4’ for 2/29/24 re: Astronics Corp.

On:  Tuesday, 3/12/24, at 5:08pm ET   ·   For:  2/29/24   ·   As:  Officer   ·   Accession #:  1628280-24-10617   ·   File #:  0-07087

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/12/24  Kuehn Michael C                   4          Officer     1:21K  Astronics Corp.                   Workiva Inc Wde… FA01/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     20K 
                Securities by an Insider --                                      
                wk-form4_1710277706.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — wk-form4_1710277706.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  2/29/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  8063
Issuer Name:  ASTRONICS CORP
Issuer Trading Symbol:  ATRO
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1763630
Owner Name:  Kuehn Michael C
Reporting Owner Address:
Owner Street 1:  130 COMMERCE WAY
Owner Street 2:
Owner City:  EAST AURORA
Owner State:  NY
Owner ZIP Code:  14052
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  Executive Vice President
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  $.01 PV Com Stk
Transaction Date:
Value:  2/29/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  2,209
Transaction Price Per Share:
Value:  20.16
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  14,248.128
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  $.01 PV Com Stk
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  7,838
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  22,086.128
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  $.01 PV Com Stk
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  2,226
Transaction Price Per Share:
Value:  18.90
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  19,860.128
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  $.01 PV Com Stk
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  226
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  20,086.128
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  $.01 PV Com Stk
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  137
Transaction Price Per Share:
Value:  18.90
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  19,949.128
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Table:
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  35.61
Exercise Date:
Value:  12/12/18
Expiration Date:
Value:  12/12/27
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  8,050
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  8,050
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  35.61
Exercise Date:
Value:  12/12/18
Expiration Date:
Value:  12/12/27
Underlying Security:
Underlying Security Title:
Value:  $.01 PV CL B STK
Underlying Security Shares:
Value:  1,208
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,208
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  31.57
Exercise Date:
Value:  12/13/19
Expiration Date:
Value:  12/13/28
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  12,360
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  12,360
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  30.04
Exercise Date:
Value:  12/9/20
Expiration Date:
Value:  12/9/29
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  18,150
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  18,150
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  14.45
Exercise Date:
Value:  1/22/22
Expiration Date:
Value:  1/22/31
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  27,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  27,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  11.13
Exercise Date:
Value:  12/9/22
Expiration Date:
Value:  12/9/31
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  32,700
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  32,700
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  9.74
Exercise Date:
Value:  12/16/23
Expiration Date:
Value:  12/16/32
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  35,600
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  35,600
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Option
Conversion or Exercise Price:
Value:  15.15
Exercise Date:
Value:  12/7/24
Expiration Date:
Value:  12/7/33
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  8,300
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  8,300
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F2
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  226
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F3
Expiration Date:
Footnote ID:  F3
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  226
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F2
Transaction Date:
Value:  3/8/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  7,838
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  7,838
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F2
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  12,550
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  12,550
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F2
Exercise Date:
Footnote ID:  F6
Expiration Date:
Footnote ID:  F6
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  11,500
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  11,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Restricted Stock Unit
Conversion or Exercise Price:
Footnote ID:  F2
Exercise Date:
Footnote ID:  F7
Expiration Date:
Footnote ID:  F7
Underlying Security:
Underlying Security Title:
Value:  $.01 PV Com Stk
Underlying Security Shares:
Value:  18,550
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  18,550
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units.
Footnote - F2:  Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Footnote - F3:  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.
Footnote - F4:  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.
Footnote - 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.
Footnote - 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.
Footnote - F7:  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.
Remarks:
Owner Signature:
Signature Name:  /s/Julie Davis, as Power of Attorney for Michael Kuehn
Signature Date:  3/12/24


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