Astronics (ATRO) CEO logs Class B share distribution and performance-based RSUs
Rhea-AI Filing Summary
Astronics Corp President and CEO Peter J. Gundermann reported internal equity restructurings rather than open-market trades. A key entry shows 168,375 shares of $.01 par value Class B stock issued in connection with a one-for-five distribution to holders of both common and Class B stock as of a June 15, 2026 record date.
The filing also details his direct holdings of 93,967.608 shares of $.01 par value common stock, plus a range of stock options and restricted stock units tied to common and Class B shares. These equity awards include performance-based RSUs whose vesting depends on Astronics Corp.'s average annual adjusted EBITDA over multi‑year periods through 2028, with 50% to 150% of target units potentially vesting on scheduled dates in 2027, 2028, and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 168,375 shares
Net Buy
28 txns
Insider
GUNDERMANN PETER J
Role
PRESIDENT/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option | 3,325 | $0.00 | $0.00 |
| Other | Option | 6,049 | $0.00 | $0.00 |
| Other | Option | 6,958 | $0.00 | $0.00 |
| Other | Option | 12,240 | $0.00 | $0.00 |
| Other | Option | 19,780 | $0.00 | $0.00 |
| Other | Option | 23,160 | $0.00 | $0.00 |
| Other | Option | 25,000 | $0.00 | $0.00 |
| Other | Option | 16,780 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 5,290 | $0.00 | $0.00 |
| Other | Option | 15,160 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 5,050 | $0.00 | $0.00 |
| Other | Option | 5,950 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 2,430 | $0.00 | $0.00 |
| Other | $.01 PV CL B STK | 168,375 | $0.00 | $0.00 |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV Com Stk | -- | -- | -- |
Holdings After Transaction:
Option — 806,416 shares (Direct);
Restricted Stock Unit — 76,620 shares (Direct);
$.01 PV CL B STK — 916,286 shares (Direct);
$.01 PV Com Stk — 93,967.608 shares (Direct)
Footnotes (6)
- F1. Shares issued pursuant to a one-for-five distribution of Class B stock to holders of both Common and Class B stock on the record date of June 15, 2026.
- F2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3. 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 23, 2027, with the vesting percentage determined based on actual performance.
- F4. Each restricted stock unit represents the right to receive, at settlement, one share of class B stock.
- F5. 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.
- F6. Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2026- December 31, 2028. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 19, 2029, with the vesting percentage determined based on actual performance.
Key Figures
Class B shares issued: 168,375 shares
Class B shares held after: 916,286 shares
Common shares held after: 93,967.608 shares
+5 more
8 metrics
Class B shares issued
168,375 shares
One-for-five Class B distribution on June 15, 2026 record date
Class B shares held after
916,286 shares
Direct holdings of $.01 PV CL B STK following transactions
Common shares held after
93,967.608 shares
Direct holdings of $.01 PV Com Stk following transactions
Restructuring shares total
315,547 shares
Shares categorized as restructuringShares in transaction summary
Option exercise price
$43.10/share
Option on $.01 PV Com Stk expiring December 4, 2035
Large option block
125,000 shares at $8.12
Common stock option expiring December 16, 2032
EBITDA performance range
50%–150% of target units
Performance-based RSU vesting depending on adjusted EBITDA through 2028
Key vesting dates
Feb 23, 2027; Feb 27, 2028; Feb 19, 2029
Scheduled vesting dates for performance-based RSUs
Key Terms
Restricted Stock Unit, average annual adjusted EBITDA, one-for-five distribution, Class B stock, +2 more
6 terms
Restricted Stock Unit financial
"Each restricted stock unit represents the right to receive, at settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
average annual adjusted EBITDA financial
"Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2024- December 31, 2026."
one-for-five distribution financial
"Shares issued pursuant to a one-for-five distribution of Class B stock to holders of both Common and Class B stock"
Class B stock financial
"one-for-five distribution of Class B stock to holders of both Common and Class B stock"
Class B stock is a type of company share that usually carries different voting or economic rights than the more common Class A shares — for example, fewer votes per share or different dividend rules. Investors care because those differences affect control and potential returns: it’s like owning a cheaper seat at an event that gives less say over what happens, so Class B shares can trade at different prices and influence how much sway a shareholder has over company decisions.
performance-based restricted stock units financial
"Between 50% and 150% of the target number of units may vest ... with the vesting percentage determined based on actual performance."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
FAQ
What did Astronics (ATRO) CEO Peter Gundermann report in this Form 4?
Peter Gundermann reported equity restructurings, not open-market trades. The filing highlights a 168,375-share Class B stock issuance from a one-for-five distribution and updates his direct holdings in common stock, options, and performance-based restricted stock units tied to Astronics’ future results.
What is the one-for-five Class B stock distribution mentioned for Astronics (ATRO)?
The footnotes state that 168,375 Class B shares were issued under a one-for-five distribution of Class B stock. This distribution applied to holders of both common and Class B stock on the June 15, 2026 record date, adding Class B shares to existing shareholders’ positions.
How do Astronics CEO performance-based restricted stock units vest?
Certain restricted stock units vest based on Astronics’ average annual adjusted EBITDA over multi-year periods ending December 31, 2026, 2027, and 2028. Between 50% and 150% of target units may vest on February 23, 2027, February 27, 2028, and February 19, 2029, depending on actual performance.
What stock option positions for Astronics common stock are shown for the CEO?
The derivative summary lists multiple options on Astronics common stock, including grants with exercise prices such as $8.12, $9.28, $12.04, $13.79, $25.03, $26.31, and $29.68 per share. These options cover underlying share amounts like 125,000, 115,800, 98,900, and other specified blocks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
