0001628280-24-023208.txt : 20240514 0001628280-24-023208.hdr.sgml : 20240514 20240514161004 ACCESSION NUMBER: 0001628280-24-023208 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240510 FILED AS OF DATE: 20240514 DATE AS OF CHANGE: 20240514 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PEABODY MARK CENTRAL INDEX KEY: 0001492763 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-07087 FILM NUMBER: 24944386 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_1715717385.xml FORM 4 X0508 4 2024-05-10 0 0000008063 ASTRONICS CORP ATRO 0001492763 PEABODY MARK 130 COMMERCE WAY EAST AURORA NY 14052 0 1 0 0 VP Astronics Advanced Electron 0 $.01 PV Com Stk 2024-05-10 4 A 0 338 0 A 44775.936 D $.01 PV Com Stk 2024-05-10 4 F 0 83 0 D 44692.936 D $.01 PV Com Stk 2024-05-13 4 J 0 194.915 18.89 A 44887.851 D $.01 PV CL B STK 190494 D Option 30.83 2015-12-11 2024-12-11 $.01 PV Com Stk 3470 3470 D Restricted Stock Unit $.01 PV Com Stk 0 0 D Option 9.74 2023-12-16 2032-12-16 $.01 PV Com Stk 26700 26700 D Restricted Stock Unit $.01 PV Com Stk 11800 11800 D Option 30.04 2020-12-09 2029-12-09 $.01 PV Com Stk 13600 13600 D Option 31.57 2019-12-13 2028-12-13 $.01 PV Com Stk 9280 9280 D Option 35.61 2018-12-12 2027-12-12 $.01 PV CL B STK 1052 1052 D Option 30.83 2015-12-11 2024-12-11 $.01 PV CL B STK 1807 1807 D Option 31.76 2017-12-14 2026-12-14 $.01 PV CL B STK 723 723 D Option 27.72 2016-12-03 2025-12-03 $.01 PV Com Stk 4500 4500 D Restricted Stock Unit $.01 PV Com Stk 0 0 D Option 15.15 2024-12-07 2033-12-07 $.01 PV Com Stk 8300 8300 D Option 27.72 2016-12-03 2025-12-03 $.01 PV CL B STK 1451 1451 D Restricted Stock Unit $.01 PV Com Stk 15900 15900 D Restricted Stock Unit $.01 PV Com Stk 10850 10850 D Option 11.13 2022-12-09 2031-12-09 $.01 PV Com Stk 24500 24500 D Option 35.61 2018-12-12 2027-12-12 $.01 PV Com Stk 7010 7010 D Option 15.15 2024-12-07 2033-12-07 $.01 PV Com Stk 8300 8300 D Option 14.45 2022-01-22 2031-01-22 $.01 PV Com Stk 20250 20250 D Option 31.76 2017-12-14 2026-12-14 $.01 PV Com Stk 4820 4820 D Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2024 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 Q1 2024. Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award. 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, 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 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 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. 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. /s/Julie Davis, as Power of Attorney for Mark Peabody 2024-05-14