0001628280-24-008926.txt : 20240305
0001628280-24-008926.hdr.sgml : 20240305
20240305162731
ACCESSION NUMBER: 0001628280-24-008926
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240301
FILED AS OF DATE: 20240305
DATE AS OF CHANGE: 20240305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BURNEY DAVID C
CENTRAL INDEX KEY: 0001223156
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-07087
FILM NUMBER: 24720942
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_1709674016.xml
FORM 4
X0508
4
2024-03-01
0
0000008063
ASTRONICS CORP
ATRO
0001223156
BURNEY DAVID C
130 COMMERCE WAY
EAST AURORA
NY
14052
0
1
0
0
VP-FINANCE, CFO
0
$.01 PV CL B STK
191833
D
$.01 PV Com Stk
2024-03-01
4
A
0
172
0
A
51795.032
D
$.01 PV Com Stk
2024-03-01
4
F
0
72
0
D
51723.032
D
$.01 PV Com Stk
2024-03-01
4
A
0
9864
0
A
61587.032
D
$.01 PV Com Stk
2024-03-01
4
F
0
5292
0
D
56295.032
D
$.01 PV Com Stk
2024-03-04
4
J
0
63.389
18.90
A
56358.421
D
Option
30.83
2015-12-11
2024-12-11
$.01 PV Com Stk
3150
3150
D
Option
30.83
2015-12-11
2024-12-11
$.01 PV CL B STK
1641
1641
D
Option
27.72
2016-12-03
2025-12-03
$.01 PV Com Stk
4100
4100
D
Option
27.72
2016-12-03
2025-12-03
$.01 PV CL B STK
1322
1322
D
Option
31.76
2017-12-14
2026-12-14
$.01 PV Com Stk
4370
4370
D
Option
31.76
2017-12-14
2026-12-14
$.01 PV CL B STK
656
656
D
Option
35.61
2018-12-12
2027-12-12
$.01 PV Com Stk
6350
6350
D
Option
35.61
2018-12-12
2027-12-12
$.01 PV CL B STK
953
953
D
Option
31.57
2019-12-13
2028-12-13
$.01 PV Com Stk
8410
8410
D
Option
30.04
2020-12-09
2029-12-09
$.01 PV Com Stk
13600
13600
D
Option
14.45
2022-01-22
2031-01-22
$.01 PV Com Stk
20250
20250
D
Option
11.13
2022-12-09
2031-12-09
$.01 PV Com Stk
24500
24500
D
Option
9.74
2023-12-16
2032-12-16
$.01 PV Com Stk
26700
26700
D
Option
15.15
2024-12-07
2033-12-07
$.01 PV Com Stk
8300
8300
D
Restricted Stock Unit
$.01 PV Com Stk
220
220
D
Restricted Stock Unit
$.01 PV Com Stk
8000
8000
D
Restricted Stock Unit
$.01 PV Com Stk
9600
9600
D
Restricted Stock Unit
$.01 PV Com Stk
8800
8800
D
Restricted Stock Unit
$.01 PV Com Stk
23800
23800
D
Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 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 Q4 2023.
Shares of common stock withheld by Astronics Corp. to satisfy applicable withholding tax upon the grant of the stock bonus award.
Pursuant to Astronics Corp. decision to pay out amounts earned by the reporting person under the 2023 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 an annual bonus for 2023.
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 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, 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.
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.
/S/Julie Davis, as power of attorney for David C. Burney
2024-03-05