Astronics (ATRO) executive updates Class B stock and performance RSUs
Rhea-AI Filing Summary
Astronics Corp executive Mark Peabody reported updated equity holdings, mainly reflecting a new Class B stock distribution and performance-based awards. The filing shows he now directly holds 62,382.73 shares of common stock and 232,610 shares of Class B stock as of June 15, 2026.
The Class B position increased by 49,165 shares issued through a one-for-five distribution of Class B stock to holders of both common and Class B stock on the June 15, 2026 record date. Peabody also holds multiple restricted stock unit and option awards tied to Astronics’ common and Class B stock, several of which vest based on average annual adjusted EBITDA performance for 2024–2026, 2025–2027, and 2026–2028, with potential vesting between 50% and 150% of target on specified dates in 2027, 2028, and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 49,165 shares
Net Buy
24 txns
Insider
PEABODY MARK
Role
Executive VP & Pres-Aerospace
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option | 1,108 | $0.00 | $0.00 |
| Other | Option | 1,612 | $0.00 | $0.00 |
| Other | Option | 1,856 | $0.00 | $0.00 |
| Other | Option | 2,720 | $0.00 | $0.00 |
| Other | Option | 4,050 | $0.00 | $0.00 |
| Other | Option | 4,900 | $0.00 | $0.00 |
| Other | Option | 5,340 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 3,180 | $0.00 | $0.00 |
| Other | Option | 1,660 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 3,030 | $0.00 | $0.00 |
| Other | Restricted Stock Unit | 1,535 | $0.00 | $0.00 |
| Other | $.01 PV CL B STK | 49,165 | $0.00 | $0.00 |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV Com Stk | -- | -- | -- |
Holdings After Transaction:
Option — 139,481 shares (Direct);
Restricted Stock Unit — 46,470 shares (Direct);
$.01 PV CL B STK — 232,610 shares (Direct);
$.01 PV Com Stk — 62,382.73 shares (Direct)
Footnotes (6)
- F1. 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.
- F2. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3. 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.
- F4. Each restricted stock unit represents the right to receive, at settlement, one share of class B stock.
- F5. 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.
- F6. 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
Common shares held: 62,382.73 shares
Class B shares held: 232,610 shares
Class B distribution: 49,165 shares
+4 more
7 metrics
Common shares held
62,382.73 shares
Direct common stock holding after transactions on June 15, 2026
Class B shares held
232,610 shares
Direct Class B stock holding after June 15, 2026 distribution
Class B distribution
49,165 shares
One-for-five Class B stock distribution on record date June 15, 2026
RSUs underlying common
7,675 shares
Restricted stock units linked to $.01 par value common stock
Performance RSUs window 1
2024–2026
Average annual adjusted EBITDA performance period for one RSU grant
Option exercise price range
$8.12–$29.68
Exercise prices for various options on common or Class B stock
Restructuring shares
80,156 shares
Shares involved in restructuring-type transactions coded as J
Key Terms
restricted stock unit, Class B stock, average annual adjusted EBITDA, one-for-five distribution, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents the right to receive, at settlement, one share of common stock."
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.
Class B stock financial
"Shares issued pursuant to a one-for-five 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.
average annual adjusted EBITDA financial
"Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2024- December 31, 2026."
one-for-five distribution financial
"Shares issued pursuant to a one-for-five distribution of Class B stock to holders of both Common and Class B stock"
performance-based vesting financial
"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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Astronics (ATRO) report for Mark Peabody?
Astronics reported that executive Mark Peabody updated his equity holdings, including common, Class B shares, options, and restricted stock units. The filing reflects a Class B stock distribution and performance-based awards rather than open-market buying or selling activity.
Did Mark Peabody buy or sell Astronics common stock on the open market?
The Form 4 does not show any open-market purchases or sales of Astronics common stock by Mark Peabody. Instead, it records a Class B stock distribution and updates to existing restricted stock unit and option positions tied to common and Class B shares.
What performance conditions apply to Mark Peabody’s Astronics restricted stock units?
Several of Mark Peabody’s restricted stock units vest based on Astronics’ average annual adjusted EBITDA over multi-year periods. Performance windows cover 2024–2026, 2025–2027, and 2026–2028, with 50%–150% of target units potentially vesting on dates in 2027, 2028, and 2029.
What is the one-for-five Astronics Class B stock distribution mentioned?
The filing notes that 49,165 Class B shares were issued under a one-for-five distribution of Class B stock to holders of both common and Class B shares. The distribution used a record date of June 15, 2026, increasing holders’ Class B positions proportionally.
What option awards does Mark Peabody hold in Astronics stock?
Mark Peabody holds several stock options on Astronics common and Class B shares with exercise prices ranging from $8.12 to $29.68. These options have expiration dates between 2026 and 2033, reflecting long-term equity incentives tied to the company’s share performance.