Astronics Corp (ATRO) secretary details RSU awards and share stakes

Rhea-AI Filing Summary

Astronics Corp secretary Julie M. Davis filed an initial ownership report showing direct holdings of common and Class B stock, plus several blocks of restricted stock units. Some RSUs vest 100% on February 23, 2026 and February 19, 2029, while others vest based on Astronics’ average annual adjusted EBITDA performance for periods spanning 2024–2026 and 2025–2027, where 50% to 150% of target units may vest depending on results.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Davis Julie M

(Last) (First) (Middle)

28 GANNA COURT

(Street)

WEST SENECA NY 14224

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/20/2026

3. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP [ ATRO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Secretary

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
$.01 PV Com Stk	5,938.251	D
$.01 PV CL B STK	636	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	(1)	$.01 PV Com Stk	3,000	(2)	D
Restricted Stock Unit	(3)	(3)	$.01 PV Com Stk	2,500	(2)	D
Restricted Stock Unit	(4)	(4)	$.01 PV Com Stk	4,500	(2)	D
Restricted Stock Unit	(5)	(5)	$.01 PV Com Stk	1,916	(2)	D

Explanation of Responses:

1. These restricted stock units are scheduled to vest 100% on February 23, 2026.

2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

3. 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.

4. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2025- December 31, 2027. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 27, 2028, with the vesting percentage determined based on actual performance.

5. These restricted stock units are scheduled to vest 100% on February 19, 2029.

Remarks:

	/s/Julie Davis	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does the Astronics (ATRO) Form 3 for Julie M. Davis show?

The Form 3 shows Julie M. Davis, Astronics’ Secretary, reporting her initial holdings of common stock, Class B stock, and multiple restricted stock unit awards. It establishes her baseline equity position as a company officer for future ownership and transaction disclosures.

What restricted stock units does Julie M. Davis hold at Astronics (ATRO)?

Julie M. Davis holds several restricted stock unit awards, each representing the right to receive one share of common stock at settlement. Some RSUs have time-based vesting, while others vest based on Astronics’ average annual adjusted EBITDA over multi-year performance periods.

When do Julie M. Davis’s time-based RSUs at Astronics vest?

Certain restricted stock units held by Julie M. Davis are scheduled to vest 100% on February 23, 2026, and another award is scheduled to vest 100% on February 19, 2029. These grants depend only on continued service through the specified vesting dates.

How is EBITDA performance used for Astronics (ATRO) RSU vesting?

Two RSU awards vest based on Astronics’ average annual adjusted EBITDA for 2024–2026 and 2025–2027. For each award, between 50% and 150% of the target units may vest on scheduled dates, depending strictly on actual performance results.

What is the potential vesting range for Astronics’ performance RSUs?

For the performance-based RSUs, Astronics reports that between 50% and 150% of the target number of restricted stock units may vest. The actual vesting percentage is determined by the company’s average annual adjusted EBITDA over the respective three-year performance periods.

Does each restricted stock unit at Astronics equal one share of stock?

Yes. Astronics discloses that each restricted stock unit represents the right to receive, at settlement, one share of common stock. This 1:1 relationship clarifies how RSU counts translate into potential future common share ownership if vesting conditions are met.