Astronics Corp (ATRO) executive files Form 4 on stock sale and RSUs
Rhea-AI Filing Summary
Astronics Corp executive James Mulato, President of Astronics Test Systems, reported a stock transaction and updated his equity holdings. On 12/01/2025, he sold 9,734 shares of $.01 par value common stock at $53.24 per share. After this sale, he directly holds 27,077.822 shares of common stock and 2,453 shares of Class B stock.
He also reports a broad set of stock options on Astronics common and Class B stock, with exercise prices ranging from $9.74 to $35.61 and expiration dates from 2026 through 2033. In addition, he holds performance-based restricted stock units (RSUs): 18,550 units tied to average annual adjusted EBITDA for 2024–2026 that may vest between 50% and 150% of target on February 22, 2027; 11,500 units tied to EBITDA for 2023–2025 that may vest between 75% and 115% on February 23, 2026; and 17,700 units tied to EBITDA for 2025–2027 that may vest between 50% and 150% on February 27, 2028, all based on actual performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $.01 PV Com Stk | 9,734 | $53.24 | $518K |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents the right to receive, at settlement, one share of common stock. 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. 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, 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.
FAQ
What insider transaction did Astronics Corp (ATRO) report for James Mulato?
James Mulato, President of Astronics Test Systems, reported selling 9,734 shares of $.01 par value common stock of Astronics Corp on 12/01/2025.
What stock options does the Astronics (ATRO) executive report holding?
He reports multiple stock options on Astronics common and Class B stock with exercise prices between $9.74 and $35.61, and expiration dates from 2017–2033 as listed, including grants exercisable through 2026, 2027, 2028, 2029, 2031, 2032, and 2033.
How are the Astronics Corp (ATRO) restricted stock units for James Mulato structured?
Each restricted stock unit represents the right to receive one share of common stock at settlement. Vesting depends on Astronics Corp's average annual adjusted EBITDA over specific multi-year periods, with actual vesting ranging from 50% to 150% or 75% to 115% of the target number based on performance.
What are the key vesting dates for Astronics (ATRO) performance-based RSUs held by James Mulato?
Performance-based RSUs may vest on February 23, 2026 (for the 2023–2025 EBITDA period), February 22, 2027 (for 2024–2026), and February 27, 2028 (for 2025–2027), depending on actual adjusted EBITDA performance.
Is the Astronics Corp (ATRO) Form 4 filed by more than one reporting person?
No. The Form 4 indicates it is filed by one reporting person only.
