Astronics (ATRO) Director Reports 6,055 RSUs Settled; Indirect Class B Holdings Disclosed
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
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%.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 6,055 | $0.00 | -- |
| Exercise | $.01 PV Com Stk | 6,055 | $0.00 | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
Footnotes (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%. 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 Each restricted stock unit represents the right to receive, at settlement, one share of common stock. These restricted stock units were settled for shares of common stock on August 27, 2025.
