[Form 4] Astronics Corp Insider Trading Activity

Rhea-AI Filing Summary

Robert S. Keane, a director of Astronics Corporation (ATRO), reported transactions dated 08/27/2025 on a Form 4. He received 6,055 shares of common stock through the settlement of restricted stock units at no cash cost ($0 per share). After the settlement, Mr. Keane directly beneficially owned 12,401 shares of common stock.

The filing discloses material indirect holdings: 206,886 Class B shares (reported as indirect via Note 1) and 208,199 Class B shares (reported as indirect via Note 2). The filing explains these indirect interests arise from a trust and an LLC (Boston & Saranac LLC) that ultimately list Mr. Keane and his spouse as beneficiaries, with the reporting person’s proportionate interest below 25% of the trust.

Positive

• 6,055 restricted stock units were settled into common shares, increasing direct ownership without cash purchase
• Clear disclosure of indirect holdings via trust and Boston & Saranac LLC with explanatory notes
• Form 4 filed promptly and signed by power of attorney, meeting Section 16 reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive compensation settlement of restricted stock units increased direct holdings by 6,055 shares; no cash outlay reported.

The transaction reflects a standard equity compensation settlement: 6,055 RSUs converted into common shares on 08/27/2025, recorded at a $0 purchase price consistent with restricted-unit settlement rather than an open-market purchase. Direct beneficial ownership rose to 12,401 shares. Indirect Class B holdings reported (206,886 and 208,199 shares) are held via a trust and an LLC, indicating substantial family/estate structures control a larger block of voting/ownership rights, though the filer notes his proportional interest in the trust is under 25%.

Corporate Governance Expert

TL;DR: Disclosure is clear on source of indirect holdings and RSU settlement; structure shows common trust/LLC ownership arrangements.

The Form 4 provides required transparency: the reporting person used a power of attorney signature and included explanatory notes clarifying that indirect ownership stems from a trust (EAK & KRK Trust) and Boston & Saranac LLC. The filing documents settlement of RSUs into common stock and lists both direct and indirect holdings, meeting Section 16 reporting norms. No departures from typical governance disclosure practices are evident in this filing.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Keane Robert S

(Last) (First) (Middle)

130 COMMERCE WAY

(Street)

EAST AURORA NY 14052

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
$.01 PV Com Stk	08/27/2025		M		6,055	A	$0	12,401	D
$.01 PV CL B STK								206,886	I	Note(1)
$.01 PV CL B STK								208,199	I	Note(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(3)	08/27/2025		M			6,055	(4)	(4)	$.01 PV Com Stk	6,055	$0	0	D

Explanation of Responses:

1. Reporting Person is one of multiple potential beneficiaries to the direct owner of these shares, which is a trust (EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane). The entire amount of the trust's interest is reported on this form, however the Reporting Person's proportionate interest is below 25%.

2. The direct owner is Boston & Saranac LLC, a Delaware limited liability company ("Boston & Saranac"). Boston & Saranac is 100% owned by a trust whose beneficiaries are the Reporting Person and his spouse

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

4. These restricted stock units were settled for shares of common stock on August 27, 2025.

Remarks:

	/s/Julie Davis as Power of Attorney for Robert Sprague Keane	08/28/2025
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ATRO director Robert S. Keane report on Form 4 dated 08/27/2025?

The Form 4 reports the settlement of 6,055 restricted stock units into common shares on 08/27/2025, with no cash consideration ($0) and resulting direct beneficial ownership of 12,401 shares.

How much indirect ownership does the filing disclose for ATRO (Class B stock)?

The filing lists indirect holdings of Class B stock as 206,886 shares (Note 1) and 208,199 shares (Note 2), held through a trust and Boston & Saranac LLC.

Why are there notes about a trust and Boston & Saranac LLC in the ATRO Form 4?

The notes explain that the direct owner of certain shares is a trust (EAK & KRK Trust U/A/D 10-15-97) and Boston & Saranac LLC, and that Mr. Keane is one of multiple potential beneficiaries, with his proportionate trust interest below 25%.

Did Robert S. Keane pay for the shares reported on the Form 4?

No. The restricted stock units settled into shares at a reported price of $0 per share.

When was the Form 4 signed and by whom?

The signature block shows the filing was signed /s/Julie Davis as Power of Attorney for Robert Sprague Keane on 08/28/2025.