[Form 4] Astronics Corp Insider Trading Activity

Rhea-AI Filing Summary

Linda O'Brien, a director of Astronics Corporation (ATRO), received 6,055 shares of common stock upon settlement of restricted stock units and increased her direct holdings to 19,839 shares. The filing shows 6,055 restricted stock units settled into shares at no cash price, and an additional 1,200 shares are reported as indirectly owned through her spouse. The transaction was reported on the Form 4 and executed under code M, with the shares added to her direct beneficial ownership.

This disclosure documents an insider equity settlement rather than an open-market purchase or sale, showing management compensation converted into common stock and clarifying both direct and spousal indirect ownership positions.

Positive

• Acquisition of 6,055 shares via RSU settlement increases director's direct stake to 19,839 shares
• Clear disclosure of indirect ownership (1,200 shares held by spouse) improves transparency
• Transaction recorded as compensation settlement (restricted stock units converted to shares at $0), showing alignment of management with equity

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received RSUs settled into 6,055 shares, raising direct ownership to 19,839 shares; 1,200 shares are indirectly owned by spouse.

The Form 4 reports a settlement of restricted stock units into 6,055 shares of Astronics common stock, recorded at $0 purchase price, indicating compensation-based vesting rather than market purchases or sales. The reporting line shows total direct beneficial ownership following the transaction as 19,839 shares and an indirect holding of 1,200 shares attributed to the reporting person’s spouse. For investors, this clarifies insider equity distribution and the mix of direct versus indirect holdings among senior insiders.

Corporate Governance Expert

TL;DR: Officer/director equity compensation converted to shares; Form 4 documents ownership change from RSU settlement and spousal holdings.

The disclosure is routine for executive compensation: restricted stock units converted into common stock and reported on Form 4 under transaction code M. The filing specifies the nature of indirect ownership (spouse) and provides the post-transaction share counts, which helps maintain transparency around insider holdings. There are no sale transactions or unusual derivative exercises disclosed 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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

O'Brien Linda

(Last) (First) (Middle)

6124 FOREST HIGHLANDS DR.

(Street)

FORT WORTH TX 76132

(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	19,839	D
$.01 PV Com Stk								1,200	I	Spouse(1)

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	(2)	08/27/2025		M			6,055	(3)	(3)	$.01 PV Com Stk	6,055	$0	0	D

Explanation of Responses:

1. Represents shares owned by her husband.

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

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

Remarks:

	/s/Julie Davis, as Power of Attorney for Linda O'Brien	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 Linda O'Brien report on the Form 4 for ATRO?

She reported settlement of 6,055 restricted stock units into 6,055 shares, bringing her direct beneficial ownership to 19,839 shares and noting 1,200 shares indirectly owned by her spouse.

Did the Form 4 show any open-market purchases or sales by the director?

No. The filing reflects a restricted stock unit settlement (compensation conversion), not an open-market trade.

What does the $0 price indicated on the Form 4 mean for the ATRO transaction?

The $0 price reflects shares received upon RSU settlement, i.e., conversion of units into shares as compensation rather than a paid purchase.

How many shares are indirectly owned and why is that disclosed?

1,200 shares are reported as indirectly owned because they are held by the reporting person’s spouse, which Form 4 requires to show potential beneficial ownership.

What transaction code was used on this Form 4 and what was reported?

Transaction code M was used to report the settlement of restricted stock units into shares; the filing lists 6,055 shares acquired and settled.