0001628280-24-008917.txt : 20240305 0001628280-24-008917.hdr.sgml : 20240305 20240305162438 ACCESSION NUMBER: 0001628280-24-008917 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240301 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kuehn Michael C CENTRAL INDEX KEY: 0001763630 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-07087 FILM NUMBER: 24720867 MAIL ADDRESS: STREET 1: 130 COMMERCE WAY CITY: EAST AURORA STATE: NY ZIP: 14052 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASTRONICS CORP CENTRAL INDEX KEY: 0000008063 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 160959303 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 130 COMMERCE WAY STREET 2: - CITY: EAST AURORA STATE: NY ZIP: 14052-2191 BUSINESS PHONE: 716-805-1599 MAIL ADDRESS: STREET 1: 130 COMMERCE WAY STREET 2: - CITY: EAST AURORA STATE: NY ZIP: 14052-2191 FORMER COMPANY: FORMER CONFORMED NAME: ASTRONICS LUMINESCENT INC DATE OF NAME CHANGE: 19711209 4 1 wk-form4_1709673845.xml FORM 4 X0508 4 2024-03-01 0 0000008063 ASTRONICS CORP ATRO 0001763630 Kuehn Michael C 130 COMMERCE WAY EAST AURORA NY 14052 0 1 0 0 Executive Vice President 0 $.01 PV Com Stk 2024-03-01 4 A 0 193 0 A 9506.479 D $.01 PV Com Stk 2024-03-01 4 F 0 68 0 D 9438.479 D $.01 PV Com Stk 2024-03-01 4 A 0 10241 0 A 19679.479 D $.01 PV Com Stk 2024-03-01 4 F 0 3292 0 D 16387.479 D $.01 PV Com Stk 2024-03-04 4 J 0 69.649 18.90 A 16457.128 D Option 35.61 2018-12-12 2027-12-12 $.01 PV Com Stk 8050 8050 D Option 35.61 2018-12-12 2027-12-12 $.01 PV CL B STK 1208 1208 D Option 31.57 2019-12-13 2028-12-13 $.01 PV Com Stk 12360 12360 D Option 30.04 2020-12-09 2029-12-09 $.01 PV Com Stk 18150 18150 D Option 14.45 2022-01-22 2031-01-22 $.01 PV Com Stk 27000 27000 D Option 11.13 2022-12-09 2031-12-09 $.01 PV Com Stk 32700 32700 D Option 9.74 2023-12-16 2032-12-16 $.01 PV Com Stk 35600 35600 D Option 15.15 2024-12-07 2033-12-07 $.01 PV Com Stk 8300 8300 D Restricted Stock Unit $.01 PV Com Stk 226 226 D Restricted Stock Unit $.01 PV Com Stk 10450 10450 D Restricted Stock Unit $.01 PV Com Stk 12550 12550 D Restricted Stock Unit $.01 PV Com Stk 11500 11500 D Restricted Stock Unit $.01 PV Com Stk 18550 18550 D 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. Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award. 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. 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. 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. 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. 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- 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. 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. /s/Julie Davis, as Power of Attorney for Michael Kuehn 2024-03-05