Astronics (ATRO) director logs internal Class B stock restructuring moves
Rhea-AI Filing Summary
Astronics Corp director Robert S. Keane reported internal reallocations of Class B stock, not market trades. The Form 4 shows a holding entry for 13,934 shares of common stock held directly and several “J” code transactions, classified as other acquisitions or dispositions.
The filing reflects 2,786 Class B shares held directly after these transactions, plus large indirect Class B positions held through entities described as an LLC and a trust. A footnote states the shares were issued via 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, indicating a stock distribution and ownership-structure updates rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 85,802 shares
Net Buy
4 txns
Insider
Keane Robert S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | $.01 PV CL B STK | 2,786 | $0.00 | $0.00 |
| Other | $.01 PV CL B STK | 41,639 | $0.00 | $0.00 |
| Other | $.01 PV CL B STK | 41,377 | $0.00 | $0.00 |
| holding | $.01 PV Com Stk | -- | -- | -- |
Holdings After Transaction:
$.01 PV CL B STK — 2,786 shares (Direct);
$.01 PV CL B STK — 248,263 shares (Indirect, Note);
$.01 PV Com Stk — 13,934 shares (Direct)
Footnotes (3)
- 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. 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
- F3. 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%.
Key Figures
Direct common shares: 13,934 shares
Direct Class B shares: 2,786 shares
Indirect Class B shares (position 1): 248,263 shares
+4 more
7 metrics
Direct common shares
13,934 shares
$.01 PV common stock held directly after transactions
Direct Class B shares
2,786 shares
$.01 PV Class B stock held directly after J-code transaction
Indirect Class B shares (position 1)
248,263 shares
Total Class B shares following one J-code transaction, indirect ownership
Indirect Class B shares (position 2)
249,838 shares
Total Class B shares following another J-code transaction, indirect ownership
Restructuring shares
85,802 shares
Total shares in J-code restructuring transactions per transactionSummary
J-code Class B transaction 1
41,377 shares
Other acquisition or disposition of $.01 PV Class B stock, indirect
J-code Class B transaction 2
41,639 shares
Other acquisition or disposition of $.01 PV Class B stock, indirect
Key Terms
Form 4, Class B stock, transaction code "J", indirect ownership, +2 more
6 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4) for Astronics Corp and Robert S. Keane"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Class B stock financial
"Shares issued pursuant to a one-for-five distribution of 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.
transaction code "J" regulatory
"transaction_code "J" with description "Other acquisition or disposition""
indirect ownership financial
"ownership_type "indirect" with nature_of_ownership linked to an LLC or trust"
distribution financial
"one-for-five distribution of Class B stock to holders of both Common and Class B stock"
A distribution is a payment or transfer of value from a company, fund, or trust to its shareholders or unit holders, commonly made in cash, additional shares, or other assets. Investors care because distributions provide income, reflect how much cash a business or fund can return to owners, can influence yield and taxable income, and often affect the share price much like a store handing out a portion of its profits to customers.
restructuring financial
"restructuringCount 3 and restructuringShares 85802 in transactionSummary"
Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.
FAQ
What insider activity did Astronics Corp (ATRO) report for Robert S. Keane?
Astronics Corp reported that director Robert S. Keane filed a Form 4 showing internal "J" code transactions in Class B stock and an updated holding entry. These reflect other acquisitions or dispositions and restructuring, not open-market buying or selling of ATRO shares.
What does the one-for-five Class B stock distribution mean for Astronics (ATRO) holders?
A footnote explains that Class B shares were issued via a one-for-five distribution to holders of both Common and Class B stock as of June 15, 2026. This means eligible shareholders received additional Class B shares based on their existing positions, affecting reported insider holdings.
How are Robert S. Keane’s indirect Astronics (ATRO) holdings structured?
The filing notes that some Class B shares are held indirectly through Boston & Saranac LLC, owned by a trust benefiting Keane and his spouse, and through another trust where he is one of multiple potential beneficiaries. These structures influence how his indirect ownership is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
