Astronics (ATRO) executive updates Class B stock and performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
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
24 transactions reported
Mixed
24 txns
Insider
PEABODY MARK
Role
Executive VP & Pres-Aerospace
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option | 1,108 | $0.00 | -- |
| Other | Option | 1,612 | $0.00 | -- |
| Other | Option | 1,856 | $0.00 | -- |
| Other | Option | 2,720 | $0.00 | -- |
| Other | Option | 4,050 | $0.00 | -- |
| Other | Option | 4,900 | $0.00 | -- |
| Other | Option | 5,340 | $0.00 | -- |
| Other | Restricted Stock Unit | 3,180 | $0.00 | -- |
| Other | Option | 1,660 | $0.00 | -- |
| Other | Restricted Stock Unit | 3,030 | $0.00 | -- |
| Other | Restricted Stock Unit | 1,535 | $0.00 | -- |
| Other | $.01 PV CL B STK | 49,165 | $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 — 1,831 shares (Direct, null);
Restricted Stock Unit — 3,180 shares (Direct, null);
$.01 PV CL B STK — 232,610 shares (Direct, null);
$.01 PV Com Stk — 62,382.73 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. 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. Each restricted stock unit represents the right to receive, at settlement, one share of class B stock. 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. 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."
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.