Astronics (NASDAQ: ATRO) director shifts 76K Class B into common
Rhea-AI Filing Summary
ASTRONICS CORP (ATRO) director Robert S. Keane reported an internal share reclassification on August 25, 2026. Boston & Saranac LLC, an entity indirectly associated with him, converted 76,000 Class B shares into 76,000 shares of $.01 par value common stock, all held indirectly. Keane also reports direct holdings of 13,934 common shares and 2,786 Class B shares, plus an additional indirect Class B position held in a trust where he is one of multiple beneficiaries with a proportionate interest below 25%.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Keane Robert S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | $.01 PV Com Stk F2, F3 | 76,000 | $0.00 | $0.00 |
| Conversion | $.01 PV CL B STK F2, F3 | 76,000 | $0.00 | $0.00 |
| holding | $.01 PV Com Stk | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
| holding | $.01 PV CL B STK F1 | -- | -- | -- |
Holdings After Transaction:
$.01 PV Com Stk — 76,000 shares (Indirect, Note);
$.01 PV CL B STK — 422,101 shares (Indirect, Note);
$.01 PV Com Stk — 13,934 shares (Direct);
$.01 PV CL B STK — 2,786 shares (Direct)
Footnotes (3)
- F1. Reporting Person is one of multiple potential beneficiaries to the direct owner of these shares, which is a trust (EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane). The entire amount of the trust's interest is reported on this form, however the Reporting Person's proportionate interest is below 25%.
- F2. Conversion of 76,000 Class B shares held by Boston & Saranac LLC on August 25, 2026.
- F3. The direct owner is Boston & Saranac LLC, a Delaware limited liability company ("Boston & Saranac"). Boston & Saranac is 100% owned by a trust whose beneficiaries are the Reporting Person and his spouse
Key Figures
Class B shares converted: 76,000 shares
Common shares received in conversion: 76,000 shares
Indirect common shares after transaction: 76,000 shares
+2 more
5 metrics
Class B shares converted
76,000 shares
Conversion of Class B into common stock on August 25, 2026
Common shares received in conversion
76,000 shares
Indirectly held through Boston & Saranac LLC after conversion
Indirect common shares after transaction
76,000 shares
Total indirect common shares reported following conversion
Direct common stock holdings
13,934 shares
Direct $.01 par value common stock held after transactions
Direct Class B stock holdings
2,786 shares
Direct $.01 par value Class B stock held after transactions
Key Terms
Conversion of derivative security, indirect ownership, Class B shares, beneficiaries
4 terms
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security"
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
beneficiaries financial
"a trust whose beneficiaries are the Reporting Person and his spouse"
Beneficiaries are the people or organizations designated to receive benefits, such as money or assets, from a financial arrangement like a trust, insurance policy, or retirement plan. They matter to investors because choosing the right beneficiaries ensures that assets are passed on according to their wishes, providing financial security or support to loved ones when needed. Think of beneficiaries as the intended recipients of a gift or inheritance.
FAQ
What insider transaction did ATRO director Robert S. Keane report?
Robert S. Keane reported a conversion of 76,000 Class B shares into 76,000 shares of $.01 par value common stock on August 25, 2026, through Boston & Saranac LLC, an indirectly owned entity linked to a trust benefiting him and his spouse.
Does the Form 4 indicate that ATRO director Keane used a Rule 10b5-1 trading plan?
The document-level checkbox for Rule 10b5-1 is not checked, and there is no footnote stating that the conversion was made pursuant to a Rule 10b5-1 trading plan.
What other indirect ATRO holdings does Robert S. Keane report?
Keane reports an additional indirect holding of Class B shares in a trust (EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane), where he is one of multiple beneficiaries and his proportionate interest is below 25%.
AI-generated analysis. How Rhea-AI works. Not financial advice.
