Astronics ATRO Form 4 shows CEO option exercise and RSU terms
Rhea-AI Filing Summary
Astronics Corp (ATRO) reported insider equity activity by its President and CEO, who is also a director. On 11/20/2025, he exercised stock options for 13,700 shares of $.01 par value common stock and 4,418 shares of $.01 par value Class B stock at an exercise price of $27.72 per share. To cover withholding taxes from the option exercise, 11,707 common shares were withheld at a price of $49.35 per share. Following these transactions, he beneficially owned 83,906.608 shares of common stock and 747,911 shares of Class B stock directly. The filing also lists multiple remaining stock option grants and restricted stock units that vest over future years based on Astronics’ average annual adjusted EBITDA performance metrics, with potential vesting between 50% and 150% of target. This Form 4 clarifies that these transactions are being reported on an original filing rather than an amendment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option | 13,700 | $27.72 | $380K |
| Exercise | Option | 4,418 | $27.72 | $122K |
| Exercise | $.01 PV Com Stk | 13,700 | $27.72 | $380K |
| Tax Withholding | $.01 PV Com Stk | 11,707 | $49.35 | $578K |
| Exercise | $.01 PV CL B STK | 4,418 | $27.72 | $122K |
| holding | Option | -- | -- | -- |
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| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
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| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (1)
- On November 24, 2025, the reporting person inadvertently filed a Form 4, reporting the same transactions set forth in this report, as an amendment to a prior Form 4, as opposed to an original Form 4. This Form 4 is being filed reporting the same transactions, solely to indicate that it is an original Form 4 and not an amendment. Shares acquired upon exercise of stock options. Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon exercising option. 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, 2023- December 31, 2025. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 23, 2026, 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, 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 23, 2027, 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, 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.
FAQ
What insider transaction did Astronics Corp (ATRO) report in this Form 4?
The President and CEO exercised stock options for 13,700 common shares and 4,418 Class B shares at an exercise price of $27.72 per share, with some shares withheld for taxes.
What performance conditions apply to the Astronics (ATRO) restricted stock units?
The restricted stock units vest based on average annual adjusted EBITDA for performance periods from 2023–2027, with between 50% and 150% (or in one case 75% to 115%) of the target units potentially vesting on specified dates in 2026, 2027, and 2028.
What clarification does this Astronics (ATRO) Form 4 provide about prior reporting?
It explains that a prior filing on November 24, 2025 mistakenly reported the same transactions as an amendment. This Form 4 reports the same transactions as an original filing.
What roles does the reporting person hold at Astronics Corp (ATRO)?
The reporting person is both a director and an officer, serving as President and CEO of Astronics Corp.
