Astronics (ATRO) CEO exercises RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astronics Corp President and CEO Peter J. Gundermann reported equity award activity. On March 3, 2026, he exercised 13,550 restricted stock units, receiving the same number of $.01 par value common shares at a stated price of $81.35 per share, and ended with 93,967.608 common shares held directly. To cover withholding taxes, 3,489 common shares were withheld by Astronics Corp.
Footnotes explain that each restricted stock unit converts into one common share at settlement. Several performance-based restricted stock unit awards depend on Astronics Corp.'s average annual adjusted EBITDA for periods spanning 2023–2028; between 50% and 150% of target units may vest on February 23, 2027, February 27, 2028, and February 19, 2029, based on actual performance. One grant covering the 2023–2025 period vested at 100% of the target on February 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,550 shares exercised/converted
Mixed
19 txns
Insider
GUNDERMANN PETER J
Role
PRESIDENT/CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 13,550 | $0.00 | -- |
| Exercise | $.01 PV Com Stk | 13,550 | $81.35 | $1.10M |
| Tax Withholding | $.01 PV Com Stk | 3,489 | $81.35 | $284K |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| holding | Option | -- | -- | -- |
| 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 | Option | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
$.01 PV Com Stk — 97,456.608 shares (Direct);
Option — 14,460 shares (Direct);
$.01 PV CL B STK — 747,911 shares (Direct)
Footnotes (1)
- Shares withheld by Astronics Corp. to satisfy applicable withholding tax upon vesting of restricted stock units. 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 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. 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. 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 amount shown reflects 100% of the target number of restricted stock units which vested on February 23, 2026.
FAQ
What insider transactions did Astronics (ATRO) report for Peter J. Gundermann?
Astronics reported that CEO Peter J. Gundermann exercised 13,550 restricted stock units into common shares and had 3,489 common shares withheld to satisfy tax obligations, updating his directly held common share position to 93,967.608 shares after these transactions.
How were taxes handled on the Astronics CEO’s restricted stock unit vesting?
Taxes were settled by share withholding. Astronics Corp. withheld 3,489 shares of $.01 par value common stock at a stated price of $81.35 per share to satisfy applicable withholding tax upon the vesting and settlement of the CEO’s restricted stock units.
What performance conditions apply to Astronics (ATRO) performance-based restricted stock units?
The performance-based restricted stock units vest based on Astronics Corp.'s average annual adjusted EBITDA over multi‑year periods from 2023–2028. Depending on performance, between 50% and 150% of the target units may vest on specified dates in 2027, 2028, and 2029.
Which Astronics performance-based restricted stock units have already vested for the CEO?
One performance-based restricted stock unit award linked to Astronics Corp.'s average annual adjusted EBITDA for the 2023–2025 period has fully vested. Footnotes state that 100% of the target number of these units vested on February 23, 2026, and converted into common shares.
When might additional Astronics CEO performance-based RSUs vest, and in what range?
Additional performance-based restricted stock units may vest on February 23, 2027, February 27, 2028, and February 19, 2029. For each grant, between 50% and 150% of the target number of units can vest, with the exact percentage determined by actual adjusted EBITDA performance.