STOCK TITAN

[Form 4] ASTRONICS CORP Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Nancy L. Hedges, identified as an officer (Principal Accounting Officer) and director of Astronics Corp (ATRO), reported insider transactions on 09/30/2025. The filing discloses an acquisition of 1,280 common shares through exercise of a subscription agreement under the company’s Employee Stock Purchase Plan. The Form 4 also lists existing derivative and equity holdings: outstanding stock options exercisable through 20252026, and several restricted stock unit (RSU) awards totaling 27,948.975 shares reported following the transactions. Some RSUs vest based on performance tied to average annual adjusted EBITDA over specified multi‑year periods, with vesting windows in 2026, 2027, and 2028.

The filing was signed by an attorney-in-fact on behalf of Ms. Hedges on 10/02/2025. Explanations clarify that each RSU equals one share at settlement and that performance‑based RSUs may vest between 50% and 150% of target depending on actual results.

Nancy L. Hedges, identificata come dirigente (Principal Accounting Officer) e membro del consiglio di Astronics Corp (ATRO), ha riportato operazioni interne il 30/09/2025. La comunicazione comunica l’acquisizione di 1.280 azioni ordinarie mediante l’esercizio di un accordo di sottoscrizione ai sensi del Piano di Acquisto Azioni per Dipendenti dell’azienda. Il Form 4 elenca anche partecipazioni derivati ed equity esistenti: opzioni azionarie in circolazione exercitabili nel periodo 20252026, e diverse assegnazioni di unità azionarie vincolate (RSU) per un totale di 27.948,975 azioni riportate a seguito delle transazioni. Alcune RSU maturano in base a una performance legata al reddito operativo medio annuo adjustato su periodi pluriennali specificati, con finestre di vesting nel 2026, 2027 e 2028.

La comunicazione è stata firmata da un procuratore ad acta per conto della signora Hedges il 02/10/2025. Le spiegazioni chiariscono che ogni RSU equivale a una azione al regolamento e che le RSU basate sulla performance possono maturare tra 50% e 150% dell’obiettivo a seconda dei risultati effettivi.

Nancy L. Hedges, identificada como una funcionaria (Oficial Principal de Contabilidad) y directora de Astronics Corp (ATRO), reportó transacciones internas el 30/09/2025. La presentación revela la adquisición de 1,280 acciones ordinarias mediante el ejercicio de un acuerdo de suscripción bajo el Plan de Compra de Acciones para Empleados de la empresa. El Formulario 4 también lista participaciones existentes de derivados y acciones: opciones sobre acciones en circulación ejercitables durante 20252026, y varios premios de unidades de acciones restringidas (RSU) que totalizan 27,948.975 acciones indicadas después de las transacciones. Algunas RSU vencen en base a un rendimiento vinculado al EBITDA anual ajustado medio durante períodos plurianuales especificados, con ventanas de vesting en 2026, 2027 y 2028.

La presentación fue firmada por un apoderado en nombre de la Sra. Hedges el 02/10/2025. Las explicaciones aclaran que cada RSU equivale a una acción al liquidarse y que las RSU basadas en rendimiento pueden vestirse entre un 50% y un 150% del objetivo, dependiendo de los resultados reales.

낸시 L. 헤지스, 임원(주요 회계 책임자) 및 Astronics Corp (ATRO)의 이사로 확인되었으며, 2025년 9월 30일 insider 거래를 보고했습니다. 신청서는 회사의 직원 주식 구매 계획에 따른 구독 계약의 행사로 1,280 주식의 취득을 공시합니다. Form 4에는 또한 기존의 파생상품 및 주식 보유 현황이 나와 있습니다: 20252026 기간 동안 행사 가능한 발행 주식 옵션과 거래 후 보고된 27,948.975 주의 여러 RSU(제한 주식 단위) 보상이 있습니다. 일부 RSU는 미리 정해진 다년 기간의 평균 연간 조정 EBITDA에 연결된 성과에 따라 vesting이 이루어지며, vesting 창은 2026, 2027, 및 2028에 있습니다.

해당 신고서는 Ms. Hedges를 대신하여 대리인이 서명했습니다. 2025년 10월 2일에 작성되었습니다. 설명에 따르면 각 RSU는 결제 시 1주가 되고, 성과 기반 RSU는 실제 결과에 따라 목표의 50%에서 150%%까지 vesting될 수 있습니다.

Nancy L. Hedges, identifiée comme une agente (Chief Accounting Officer) et administratrice de Astronics Corp (ATRO), a signalé des transactions d’initié le 30/09/2025. Le dépôt révèle l’acquisition de 1 280 actions ordinaires par l’exercice d’un accord d’abonnement dans le cadre du Plan d’Achat d’Actions pour les Employés de l’entreprise. Le Formulaire 4 liste également les détentions dérivées et actions existantes : des options sur actions en circulation exerçables jusqu’à 20252026, et plusieurs attributions de unités d’actions restreintes (RSU) totalisant 27 948,975 actions indiquées après les transactions. Certaines RSU vestent en fonction d’une performance liée au EBITDA ajusté annuel moyen sur des périodes pluriannuelles spécifiées, avec des fenêtres de vesting en 2026, 2027 et 2028.

Le dépôt a été signé par un mandataire au nom de Mme Hedges le 02/10/2025. Des explications précisent que chaque RSU équivaut à une action lors du règlement et que les RSU basés sur la performance peuvent vestir entre 50% et 150% de l’objectif en fonction des résultats réels.

Nancy L. Hedges, als Beamtin (Chief Accounting Officer) und Direktorin der Astronics Corp (ATRO) identifiziert, meldete Insider-Transaktionen am 09/30/2025. Die Einreichung disclose eine Akquisition von 1.280 Stammaktien durch Ausübung eines Abkommens über Subskriptionen im Rahmen des unternehmensweiten Employee Stock Purchase Plan. Das Formular 4 listet auch bestehende Derivate- und Equity-Bestände auf: ausstehende Mitarbeiteraktienoptionen, ausübbar bis 20252026, und mehrere RSU-Boni (Restricted Stock Units) mit insgesamt 27.948,975 Aktien, die nach den Transaktionen gemeldet wurden. Einige RSUs vesten basierend auf der Leistung, die an den durchschnittlich jährlichen bereinigten EBITDA über festgelegte mehrjährige Zeiträume gebunden ist, mit Vesting-Fenstern in 2026, 2027 und 2028.

Die Einreichung wurde von einem Bevollmächtigten im Namen von Frau Hedges am 02/10/2025 unterzeichnet. Erläuterungen erklären, dass jede RSU eine Aktie bei Abwicklung entspricht und dass leistungsbasierte RSUs je nach tatsächlichem Ergebnis zwischen 50% und 150% des Ziels vesten können.

نانسي إل. هيدجز، معرّفة كموظفة (الضابط المحاسبي الرئيسي) وعضو مجلس Astronics Corp (ATRO)، أبلغت عن معامل insider في 30/09/2025. الكشف يبيّن اكتساب 1,280 من الأسهم العادية من خلال ممارسة اتفاق اشتراك بموجب خطة شراء أسهم الموظفين في الشركة. كما أن النموذج 4 يسرد ممتلكات مشتقة وحقوق ملكية قائمة: خيارات أسهم قائمة قابلة للت التنفيذ حتى 20252026، وعدة جوائز وحدات أسهم مقيدة (RSU) بإجمالي 27,948.975 سهم مؤرّدة بعد المعاملات. بعض RSU تتاح vesting بناءً على أداء مرتبط بـ EBITDA المعدّل السنوي المتوسط خلال فترات متعددة السنوات محددة، مع نوافذ vesting في 2026، 2027 و2028.

وقّعت الإيداع من قبل وكيل بالإنابة نيابة عن السيدة هيدجز في 02/10/2025. توضح التفسيرات أن كل RSU يعادل سهماً واحداً عند التسوية وأن RSU القائمة على الأداء قد vest بين 50% و 150% من الهدف اعتماداً على النتائج الفعلية.

南希 L. 黑奇斯,被列为一位高管(首席会计官)并担任 Astronics Corp (ATRO) 的董事,报告了在 2025/09/30 的内幕交易。该申报披露通过行使认购协议在公司 员工股票购买计划 下取得的 1,280 股普通股。Form 4 还列出现有的衍生品及股票持有:可在 20252026 行使的未清股权,以及在交易后披露的若干 27,948.975 股受限股票单位(RSU)奖励。部分 RSU 的归属于基于与若干多年度期相关的平均年度经调整 EBITDA 的绩效, vesting 窗口在 202620272028

申报由代理人在 2025/10/02 代表 Hedges 女士签署。说明每个 RSU 到清算时等于一股股票,且基于绩效的 RSU 可能根据实际结果达到目标的 50%150% 的 vesting。

Positive
  • 1,280 shares acquired by the reporting officer via the Employee Stock Purchase Plan
  • Detailed disclosure of outstanding equity awards including options and RSU targets totaling 27,948.975 shares
  • Performance‑based RSUs include explicit vesting ranges (50%–150%) tied to average annual adjusted EBITDA
Negative
  • None.

Insights

Insider acquired 1,280 shares and holds significant option and RSU awards tied to multi‑year EBITDA targets.

The report shows a 1,280-share purchase on 09/30/2025 via the Employee Stock Purchase Plan, indicating an immediate purchase activity by a named officer.

The officer has multiple equity vehicles outstanding: options exercisable through 12/14/2026 and RSU grants totaling 27,948.975 target shares across time-based and performance-based schedules. Performance RSUs specify vesting between 50% and 150% of target based on average annual adjusted EBITDA over defined three‑year periods, with settlement dates in 2026, 2027, and 2028.

Form 4 discloses exercise via ESPP and summarizes outstanding derivative and contingent awards.

The filing explicitly states the 1,280-share acquisition resulted from exercising a subscription agreement under the company’s ESPP.

It also itemizes options (e.g., 1,400 and 1,520 option shares with exercise prices shown) and multiple RSU target amounts (e.g., 5,024, 5,050, 17,700), documenting the officer’s current equity exposure without providing any forecasts or financial statement impacts.

Nancy L. Hedges, identificata come dirigente (Principal Accounting Officer) e membro del consiglio di Astronics Corp (ATRO), ha riportato operazioni interne il 30/09/2025. La comunicazione comunica l’acquisizione di 1.280 azioni ordinarie mediante l’esercizio di un accordo di sottoscrizione ai sensi del Piano di Acquisto Azioni per Dipendenti dell’azienda. Il Form 4 elenca anche partecipazioni derivati ed equity esistenti: opzioni azionarie in circolazione exercitabili nel periodo 20252026, e diverse assegnazioni di unità azionarie vincolate (RSU) per un totale di 27.948,975 azioni riportate a seguito delle transazioni. Alcune RSU maturano in base a una performance legata al reddito operativo medio annuo adjustato su periodi pluriennali specificati, con finestre di vesting nel 2026, 2027 e 2028.

La comunicazione è stata firmata da un procuratore ad acta per conto della signora Hedges il 02/10/2025. Le spiegazioni chiariscono che ogni RSU equivale a una azione al regolamento e che le RSU basate sulla performance possono maturare tra 50% e 150% dell’obiettivo a seconda dei risultati effettivi.

Nancy L. Hedges, identificada como una funcionaria (Oficial Principal de Contabilidad) y directora de Astronics Corp (ATRO), reportó transacciones internas el 30/09/2025. La presentación revela la adquisición de 1,280 acciones ordinarias mediante el ejercicio de un acuerdo de suscripción bajo el Plan de Compra de Acciones para Empleados de la empresa. El Formulario 4 también lista participaciones existentes de derivados y acciones: opciones sobre acciones en circulación ejercitables durante 20252026, y varios premios de unidades de acciones restringidas (RSU) que totalizan 27,948.975 acciones indicadas después de las transacciones. Algunas RSU vencen en base a un rendimiento vinculado al EBITDA anual ajustado medio durante períodos plurianuales especificados, con ventanas de vesting en 2026, 2027 y 2028.

La presentación fue firmada por un apoderado en nombre de la Sra. Hedges el 02/10/2025. Las explicaciones aclaran que cada RSU equivale a una acción al liquidarse y que las RSU basadas en rendimiento pueden vestirse entre un 50% y un 150% del objetivo, dependiendo de los resultados reales.

낸시 L. 헤지스, 임원(주요 회계 책임자) 및 Astronics Corp (ATRO)의 이사로 확인되었으며, 2025년 9월 30일 insider 거래를 보고했습니다. 신청서는 회사의 직원 주식 구매 계획에 따른 구독 계약의 행사로 1,280 주식의 취득을 공시합니다. Form 4에는 또한 기존의 파생상품 및 주식 보유 현황이 나와 있습니다: 20252026 기간 동안 행사 가능한 발행 주식 옵션과 거래 후 보고된 27,948.975 주의 여러 RSU(제한 주식 단위) 보상이 있습니다. 일부 RSU는 미리 정해진 다년 기간의 평균 연간 조정 EBITDA에 연결된 성과에 따라 vesting이 이루어지며, vesting 창은 2026, 2027, 및 2028에 있습니다.

해당 신고서는 Ms. Hedges를 대신하여 대리인이 서명했습니다. 2025년 10월 2일에 작성되었습니다. 설명에 따르면 각 RSU는 결제 시 1주가 되고, 성과 기반 RSU는 실제 결과에 따라 목표의 50%에서 150%%까지 vesting될 수 있습니다.

Nancy L. Hedges, identifiée comme une agente (Chief Accounting Officer) et administratrice de Astronics Corp (ATRO), a signalé des transactions d’initié le 30/09/2025. Le dépôt révèle l’acquisition de 1 280 actions ordinaires par l’exercice d’un accord d’abonnement dans le cadre du Plan d’Achat d’Actions pour les Employés de l’entreprise. Le Formulaire 4 liste également les détentions dérivées et actions existantes : des options sur actions en circulation exerçables jusqu’à 20252026, et plusieurs attributions de unités d’actions restreintes (RSU) totalisant 27 948,975 actions indiquées après les transactions. Certaines RSU vestent en fonction d’une performance liée au EBITDA ajusté annuel moyen sur des périodes pluriannuelles spécifiées, avec des fenêtres de vesting en 2026, 2027 et 2028.

Le dépôt a été signé par un mandataire au nom de Mme Hedges le 02/10/2025. Des explications précisent que chaque RSU équivaut à une action lors du règlement et que les RSU basés sur la performance peuvent vestir entre 50% et 150% de l’objectif en fonction des résultats réels.

Nancy L. Hedges, als Beamtin (Chief Accounting Officer) und Direktorin der Astronics Corp (ATRO) identifiziert, meldete Insider-Transaktionen am 09/30/2025. Die Einreichung disclose eine Akquisition von 1.280 Stammaktien durch Ausübung eines Abkommens über Subskriptionen im Rahmen des unternehmensweiten Employee Stock Purchase Plan. Das Formular 4 listet auch bestehende Derivate- und Equity-Bestände auf: ausstehende Mitarbeiteraktienoptionen, ausübbar bis 20252026, und mehrere RSU-Boni (Restricted Stock Units) mit insgesamt 27.948,975 Aktien, die nach den Transaktionen gemeldet wurden. Einige RSUs vesten basierend auf der Leistung, die an den durchschnittlich jährlichen bereinigten EBITDA über festgelegte mehrjährige Zeiträume gebunden ist, mit Vesting-Fenstern in 2026, 2027 und 2028.

Die Einreichung wurde von einem Bevollmächtigten im Namen von Frau Hedges am 02/10/2025 unterzeichnet. Erläuterungen erklären, dass jede RSU eine Aktie bei Abwicklung entspricht und dass leistungsbasierte RSUs je nach tatsächlichem Ergebnis zwischen 50% und 150% des Ziels vesten können.

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).
1. Name and Address of Reporting Person*
Hedges Nancy L

(Last) (First) (Middle)
130 COMMERCE WAY

(Street)
EAST AURORA NY 14052

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Principal Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
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 09/30/2025 A 1,280 A(1) $16.6 27,948.975 D
$.01 PV CL B STK 607 D
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
Option $27.72 12/03/2016 12/03/2025 $.01 PV Com Stk 1,400 1,400 D
Option $27.72 12/03/2016 12/03/2025 $.01 PV CL B STK 452 452 D
Restricted Stock Unit (2) (3) (3) $.01 PV Com Stk 5,024 5,024 D
Option $31.76 12/14/2017 12/14/2026 $.01 PV Com Stk 1,520 1,520 D
Option $31.76 12/14/2017 12/14/2026 $.01 PV CL B STK 228 228 D
Restricted Stock Unit (2) (4) (4) $.01 PV Com Stk 5,050 5,050 D
Restricted Stock Unit (2) (5) (5) $.01 PV Com Stk 17,700 17,700 D
Explanation of Responses:
1. Acquired shares via exercise of subscription agreement under Employee Stock Purchase Plan.
2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
3. 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.
4. These restricted stock units are scheduled to vest 100% on February 23, 2026.
5. 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.
Remarks:
/S/JULIE DAVIS, as Power of Attorney for Nancy L. Hedges 10/02/2025
** 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 Astronics (ATRO) insider Nancy L. Hedges report on Form 4?

The Form 4 reports an acquisition of 1,280 common shares on 09/30/2025 via the Employee Stock Purchase Plan and discloses existing options and restricted stock unit awards.

How many shares does the Form 4 show following the reported transaction?

The filing lists total reported beneficial ownership components summing to 27,948.975 shares following the reported transactions.

Are any RSUs performance‑based and what are the targets?

Yes; certain RSUs vest based on average annual adjusted EBITDA over defined periods, with target RSU amounts reported and vesting possible between 50% and 150% of target.

What option awards are outstanding for the reporting person?

The Form 4 lists multiple outstanding options, including exercisable amounts of 1,400 and 1,520 shares with exercise prices and expiration dates through 12/14/2026.

When do the RSUs and options vest or expire?

The filing notes RSU settlement/vesting dates in 02/23/2026, 02/22/2027, and 02/27/2028 for different grants, and option expirations in 12/03/2025 and 12/14/2026.
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Aerospace & Defense
Aircraft Parts & Auxiliary Equipment, Nec
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United States
EAST AURORA