Astronics Corp (ATRO) officer records Class B stock distribution and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astronics Corp Secretary Julie M. Davis reported changes in her equity holdings tied to a one-for-five distribution of Class B stock and related equity awards. She now holds 2,256 shares of Class B stock directly after receiving 1,620 shares in the distribution.
Davis also reports 7,466.251 shares of common stock held directly, plus several blocks of restricted stock units (RSUs) over common stock totaling 1,916, 4,500 and 2,500 underlying shares, along with an option over 1,500 common shares at an exercise price of $26.47 expiring on December 14, 2026.
Certain RSUs are time-based and scheduled to vest 100% on February 22, 2027 and February 27, 2028. Another RSU grant is performance-based, vesting between 50% and 150% of its target amount on February 19, 2029, depending on Astronics Corp's average annual adjusted EBITDA for the period January 1, 2026 through December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Davis Julie M
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option | 570 | $0.00 | -- |
| Other | Restricted Stock Unit | 500 | $0.00 | -- |
| Other | Restricted Stock Unit | 900 | $0.00 | -- |
| Other | Restricted Stock Unit | 383 | $0.00 | -- |
| Other | $.01 PV CL B STK | 1,620 | $0.00 | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV Com Stk | -- | -- | -- |
Holdings After Transaction:
Option — 926 shares (Direct, null);
Restricted Stock Unit — 500 shares (Direct, null);
$.01 PV CL B STK — 2,256 shares (Direct, null);
$.01 PV Com Stk — 7,466.251 shares (Direct, null)
Footnotes (1)
- 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. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. These restricted stock units are scheduled to vest 100% on February 22, 2027. Each restricted stock unit represents the right to receive, at settlement, one share of Class B stock. These restricted stock units are scheduled to vest 100% on February 27, 2028. 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 acquired in distribution: 1,620 shares
Class B shares held after transaction: 2,256 shares
Common shares held: 7,466.251 shares
+5 more
8 metrics
Class B shares acquired in distribution
1,620 shares
One-for-five Class B stock distribution as of June 15, 2026 record date
Class B shares held after transaction
2,256 shares
Direct ownership following the distribution
Common shares held
7,466.251 shares
Direct common stock ownership after reported transactions
RSUs over common stock
1,916 / 4,500 / 2,500 underlying shares
Multiple restricted stock unit awards, each unit equals one common share
Stock option strike price
$26.47 per share
Option on 1,500 common shares expiring December 14, 2026
Performance measurement period
January 1, 2026–December 31, 2028
Average annual adjusted EBITDA for performance-based RSU vesting
Performance RSU vesting range
50%–150% of target units
Vesting on February 19, 2029 based on achieved performance
Time-based RSU vest dates
February 22, 2027 & February 27, 2028
100% vesting dates for specific RSU awards
Key Terms
one-for-five distribution, Class B stock, Restricted Stock Unit, average annual adjusted EBITDA, +2 more
6 terms
one-for-five distribution financial
"Shares issued pursuant to a one-for-five distribution of Class B stock to holders"
Class B stock financial
"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.
Restricted Stock Unit financial
"Each restricted stock unit represents the right to receive, at settlement, one share"
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"
target number of restricted stock units financial
"The "target" number of restricted stock units is reported"
exercise price financial
"Option with a conversion or exercise price of 26.4700"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Astronics Corp (ATRO) report in Julie M. Davis’s latest Form 4?
Astronics Corp’s secretary Julie M. Davis reported updated holdings after a one-for-five Class B stock distribution. The filing also details her existing common stock, restricted stock units, and stock option positions, including time-based and performance-based RSU awards with future vesting dates.
What common stock and equity awards does Julie M. Davis hold in Astronics Corp?
Julie M. Davis directly holds 7,466.251 shares of Astronics common stock. She also has multiple restricted stock unit awards over common shares (1,916, 4,500 and 2,500 underlying shares) and a stock option for 1,500 common shares at a $26.47 exercise price expiring December 14, 2026.
When do Julie M. Davis’s Astronics Corp restricted stock units vest?
Some restricted stock units are scheduled to vest 100% on February 22, 2027 and February 27, 2028. Another grant vests between 50% and 150% of target units on February 19, 2029, based on Astronics Corp’s average annual adjusted EBITDA from January 1, 2026 to December 31, 2028.
How is performance measured for Julie M. Davis’s performance-based RSUs at Astronics Corp?
Performance-based RSUs for Julie M. Davis vest according to Astronics Corp’s average annual adjusted EBITDA from January 1, 2026 through December 31, 2028. Between 50% and 150% of the target number of units may vest on February 19, 2029, depending on actual performance.
Did the Astronics Corp Form 4 show any open-market buys or sells by Julie M. Davis?
The Form 4 does not report any open-market purchases or sales. Instead, it reflects a one-for-five Class B stock distribution and updates to restricted stock units and option holdings, categorized as other types of transactions and holdings rather than discretionary market trades.