0001628280-24-023213.txt : 20240514
0001628280-24-023213.hdr.sgml : 20240514
20240514161442
ACCESSION NUMBER: 0001628280-24-023213
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: GUNDERMANN PETER J
CENTRAL INDEX KEY: 0001182854
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-07087
FILM NUMBER: 24944517
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_1715717670.xml
FORM 4
X0508
4
2024-05-10
0
0000008063
ASTRONICS CORP
ATRO
0001182854
GUNDERMANN PETER J
130 COMMERCE WAY
EAST AURORA
NY
14052
1
1
0
0
PRESIDENT/CEO
0
$.01 PV Com Stk
2024-05-10
4
A
0
438
0
A
74837.974
D
$.01 PV Com Stk
2024-05-10
4
F
0
107
0
D
74730.974
D
$.01 PV Com Stk
2024-05-13
4
J
0
252.634
18.89
A
74983.608
D
$.01 PV CL B STK
743493
D
Option
30.04
2020-12-09
2029-12-09
$.01 PV Com Stk
61200
61200
D
Restricted Stock Unit
$.01 PV Com Stk
14750
14750
D
Restricted Stock Unit
$.01 PV Com Stk
10175
0
D
Option
31.76
2017-12-14
2026-12-14
$.01 PV Com Stk
14460
14460
D
Option
35.61
2018-12-12
2027-12-12
$.01 PV CL B STK
3945
3945
D
Option
30.83
2015-12-11
2024-12-11
$.01 PV CL B STK
5261
5261
D
Option
11.13
2022-12-09
2031-12-09
$.01 PV Com Stk
115800
115800
D
Option
30.83
2015-12-11
2024-12-11
$.01 PV Com Stk
10100
10100
D
Option
14.45
2022-01-22
2031-01-22
$.01 PV Com Stk
98900
98900
D
Restricted Stock Unit
$.01 PV Com Stk
9206
9206
D
Restricted Stock Unit
$.01 PV Com Stk
0
0
D
Option
35.61
2018-12-12
2027-12-12
$.01 PV Com Stk
26300
26300
D
Restricted Stock Unit
$.01 PV Com Stk
0
0
D
Option
31.76
2017-12-14
2026-12-14
$.01 PV CL B STK
2169
2169
D
Option
31.57
2019-12-13
2028-12-13
$.01 PV Com Stk
34790
34790
D
Option
27.72
2016-12-03
2025-12-03
$.01 PV Com Stk
13700
13700
D
Option
15.15
2024-12-07
2033-12-07
$.01 PV Com Stk
83900
83900
D
Restricted Stock Unit
$.01 PV Com Stk
26450
26450
D
Option
9.74
2023-12-16
2032-12-16
$.01 PV Com Stk
125000
125000
D
Option
27.72
2016-12-03
2025-12-03
$.01 PV CL B STK
4418
4418
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.
Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 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, 2020- December 31, 2022. The "target" number of restricted stock units is reported in Table II. Based on actual performance 75% of the target number of units vested on December 31, 2022.
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.
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 January 1, 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 23, 2027, with the vesting percentage determined based on actual performance.
/S/JULIE DAVIS, AS POWER OF ATTORNEY FOR PETER J. GUNDERMANN
2024-05-14