0001209191-23-018466.txt : 20230314 0001209191-23-018466.hdr.sgml : 20230314 20230314162508 ACCESSION NUMBER: 0001209191-23-018466 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: Kuehn Michael C CENTRAL INDEX KEY: 0001763630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-07087 FILM NUMBER: 23731359 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 0001763630 Kuehn Michael C 130 COMMERCE WAY EAST AURORA NY 14052 0 1 0 0 Executive Vice President $.01 PV Com Stk 2023-03-10 4 M 0 6488 0.00 A 10373.545 D $.01 PV Com Stk 2023-03-10 4 F 0 2245 14.47 D 8128.545 D $.01 PV Com Stk 2023-03-10 4 M 0 227 0.00 A 8355.545 D $.01 PV Com Stk 2023-03-10 4 F 0 43 14.47 D 8312.545 D $.01 PV Com Stk 2023-03-13 4 J 0 62.776 12.81 A 8375.321 D Option 35.61 2018-12-12 2027-12-12 $.01PV 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 $.01PV Com Stk 12360 12360 D Option 30.04 2020-12-09 2029-12-09 $.01PV Com Stk 18150 18150 D Restricted Stock Unit 2023-03-10 4 M 0 6488 0.00 D $.01PV Com Stk 8650 0 D Option 14.45 2022-01-22 2031-01-22 $.01PV Com Stk 27000 27000 D Restricted Stock Unit 2023-03-10 4 M 0 227 0.00 D $.01PV Com Stk 453 226 D Restricted Stock Unit $.01 PV Com Stk 10450 10450 D Option 11.13 2022-12-09 2031-12-09 $.01 PV COM STK 32700 32700 D Restricted Stock Unit $.01 PV Com Stk 12550 12550 D Option 9.74 2023-12-16 2032-12-16 $.01 PV COM STK 35600 35600 D Restricted Stock Unit $.01 PV COM STK 11500 11500 D Shares withheld by Astronics Corporation 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 Michael Kuehn 2023-03-14