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