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Astronics (ATRO) director logs internal Class B stock restructuring moves

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

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Insider Keane Robert S
Role null
Type Security Shares Price Value
Other $.01 PV CL B STK 2,786 $0.00 --
Other $.01 PV CL B STK 41,639 $0.00 --
Other $.01 PV CL B STK 41,377 $0.00 --
holding $.01 PV Com Stk -- -- --
Holdings After Transaction: $.01 PV CL B STK — 2,786 shares (Direct, null); $.01 PV CL B STK — 249,838 shares (Indirect, Note); $.01 PV Com Stk — 13,934 shares (Direct, null)
Footnotes (1)
  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. 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 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%.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Keane Robert S
(Last)(First)(Middle)
130 COMMERCE WAY
(Street)
EAST AURORA NEW YORK 14052
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ASTRONICS CORP [ ATRO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
$.01 PV Com Stk13,934D
$.01 PV CL B STK06/15/2026J(1)2,786A$02,786D
$.01 PV CL B STK06/15/2026J(1)41,639A$0249,838INote(2)
$.01 PV CL B STK06/15/2026J(1)41,377A$0248,263INote(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. 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
3. 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%.
Remarks:
/s/Julie Davis as Power of Attorney for Robert Sprague Keane06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

Did Robert S. Keane buy or sell Astronics (ATRO) shares on the market?

The Form 4 shows no open-market purchases or sales for Robert S. Keane. All coded transactions are "J" (other acquisition or disposition) with a price of $0.0000 per share, indicating non-market movements related to distributions and ownership-structure changes.

How many Astronics (ATRO) common and Class B shares does Robert S. Keane hold after these transactions?

After these transactions, Robert S. Keane directly holds 13,934 shares of $.01 par value common stock and 2,786 shares of $.01 par value Class B stock. He also reports substantial indirect Class B holdings through entities described as an LLC and a trust.

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.