0001209191-23-018452.txt : 20230314 0001209191-23-018452.hdr.sgml : 20230314 20230314162117 ACCESSION NUMBER: 0001209191-23-018452 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230310 FILED AS OF DATE: 20230314 DATE AS OF CHANGE: 20230314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KRAMER JAMES S CENTRAL INDEX KEY: 0001492812 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-07087 FILM NUMBER: 23731299 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] 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 doc4.xml FORM 4 SUBMISSION X0306 4 2023-03-10 0 0000008063 ASTRONICS CORP ATRO 0001492812 KRAMER JAMES S 130 COMMERCE WAY EAST AURORA NY 14052 0 1 0 0 Executive Vice President $.01 PV Common Stock 2023-03-10 4 M 0 4575 0.00 A 24365.91 D $.01 PV Common Stock 2022-03-10 4 F 0 1797 14.47 D 22568.91 D $.01 PV Common Stock 2023-03-10 4 M 0 175 0.00 A 22743.91 D $.01 PV Common Stock 2023-03-10 4 F 0 69 14.47 D 22674.91 D $.01 PV Common Stock 2023-03-13 4 J 0 176.694 12.81 A 22851.604 D $.01 PV Class B Stock 123342 D $.01 PV Common Stock 35555 I Estate executor James Kramer $.01 PV Class B Stock 279758 I Estate executor James Kramer Option 28.45 2014-12-11 2023-12-11 $.01 PV Com Stk 2330 2330 D Option 28.45 2014-12-11 2023-12-11 $.01 PV Cl B Stk 1922 1923 D Option 30.83 2015-12-11 2024-12-11 $.01 PV Com Stk 2720 2720 D Option 30.83 2015-12-11 2024-12-11 $.01 PV Cl B Stk 1417 1417 D Option 27.72 2016-12-03 2025-12-03 $.01 PV Com Stk 3500 3500 D Option 27.72 2016-12-03 2025-12-03 $.01 PV Cl B Stk 1129 1129 D Option 31.76 2017-12-14 2026-12-14 $.01 PV Com Stk 3670 3670 D Option 31.76 2017-12-14 2026-12-14 $.01 PV Cl B Stk 551 551 D Option 35.61 2018-12-12 2027-12-12 $.01 PV Com Stk 5340 5340 D Option 35.61 2018-12-12 2027-12-12 $.01 PV Cl B Stk 801 801 D Option 31.57 2019-12-13 2028-12-13 $.01 PV Com Stk 7060 7060 D Option 30.04 2020-12-09 2029-12-09 $.01 PV Com Stk 13600 13600 D Restricted Stock Unit 2023-03-10 4 M 0 4575 0.00 D $.01 PV Com Stk 6100 0 D Option 14.45 2022-01-22 2031-01-22 $.01 PV Com Stk 20250 20250 D Restricted Stock Unit 2023-03-10 4 M 0 175 0.00 D $.01 PV Com Stk 349 174 D Restricted Stock Unit $.01 PV Com Stk 7375 7375 D Option 11.13 2022-12-09 2031-12-09 $.01 PV COM STK 24500 24500 D Restricted Stock Unit $.01 PV Com Stk 8850 8850 D Option 9.74 2023-12-16 2032-12-16 $.01 PV Com Stk 26700 26700 D Restricted Stock Unit $.01 PV Com Stk 8150 8150 D Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units. 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, 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. 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. /s/Julie Davis, as Power of Attorney for James S. Kramer 2023-03-14