ATRO insider Nancy Hedges reports option exercises and RSU grants
Rhea-AI Filing Summary
Astronics Corp (ATRO) officer and Principal Accounting Officer Nancy L. Hedges reported multiple equity transactions. On 11/17/2025, she exercised stock options for a total of 3,600 shares of common and Class B stock at exercise prices of $27.72 and $31.76. Some of the resulting common shares were withheld by Astronics to cover tax obligations at a price of $52.15.
After these transactions, she continued to hold Astronics common and Class B shares directly, as well as several blocks of restricted stock units (RSUs). These include 17,700, 5,024, and 5,050 RSUs, each representing the right to receive one share of common stock at settlement. Two RSU awards vest between 50% and 150% of a target amount based on Astronics’ average annual adjusted EBITDA over performance periods running through December 31, 2026 and December 31, 2027, with potential vesting on February 22, 2027 and February 27, 2028. Another RSU grant is scheduled to vest February 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option | 452 | $27.72 | $13K |
| Exercise | Option | 1,400 | $27.72 | $39K |
| Exercise | Option | 1,520 | $31.76 | $48K |
| Exercise | Option | 228 | $31.76 | $7K |
| Exercise | $.01 PV Com Stk | 1,400 | $27.72 | $39K |
| Tax Withholding | $.01 PV Com Stk | 984 | $52.15 | $51K |
| Exercise | $.01 PV Com Stk | 1,520 | $31.76 | $48K |
| Tax Withholding | $.01 PV Com Stk | 1,065 | $52.15 | $56K |
| Exercise | $.01 PV CL B STK | 452 | $27.72 | $13K |
| Exercise | $.01 PV CL B STK | 228 | $31.76 | $7K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (1)
- Shares acquired upon exercise of stock options. Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon exercising option. 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, 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. 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. These restricted stock units are scheduled to vest 100% on February 23, 2026.
FAQ
What insider transaction did Nancy L. Hedges report for Astronics Corp (ATRO)?
Nancy L. Hedges, an officer and Principal Accounting Officer of Astronics Corp (ATRO), reported exercising stock options on 11/17/2025 and acquiring a total of 3,600 shares of common and Class B stock at exercise prices of $27.72 and $31.76.
What restricted stock units does Nancy L. Hedges hold in Astronics Corp (ATRO)?
She holds several RSU awards tied to Astronics common stock, including blocks of 17,700, 5,024, and 5,050 restricted stock units. Each RSU represents the right to receive one share of common stock at settlement.
What performance conditions apply to the Astronics (ATRO) RSUs reported in this Form 4?
Two RSU grants vest based on Astronics’ average annual adjusted EBITDA. One uses the period from January 1, 2024 to December 31, 2026, and another uses January 1, 2025 to December 31, 2027, with between 50% and 150% of the target units potentially vesting based on performance.
When could the performance-based RSUs for Astronics (ATRO) vest?
The performance-based RSUs may vest on February 22, 2027 and February 27, 2028, depending on Astronics’ actual average annual adjusted EBITDA for their respective performance periods.
Are there any time-based RSUs for Astronics (ATRO) in this Form 4?
Yes. One RSU grant for 5,050 shares of Astronics common stock is scheduled to vest 100% on February 23, 2026, without a stated performance condition.
What happened to the stock options reported by Nancy L. Hedges in Astronics (ATRO)?
The options with exercise prices of $27.72 and $31.76 were exercised on 11/17/2025 for 3,600 underlying shares in total, and the Form 4 shows 0 derivative securities remaining for each of those option awards after the transactions.