Astronics (ATRO) exec gains shares from RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astronics Corp executive James Mulato reported equity award activity. On March 3, 2026, he exercised 11,500 restricted stock units, converting them into 11,500 shares of $.01 par value common stock at $81.35 per share, and held these shares directly.
Astronics Corp withheld 2,801 common shares at $81.35 per share to satisfy applicable withholding tax upon vesting of restricted stock units, leaving Mulato with 35,776.822 directly owned common shares as of that date. Each restricted stock unit represents the right to receive one share of common stock at settlement.
The filing also describes performance-based restricted stock units whose vesting depends 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, 2026, February 22, 2027, February 27, 2028, and February 19, 2029, with vesting percentages determined based on actual performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,500 shares exercised/converted
Mixed
17 txns
Insider
Mulato James
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,500 | $0.00 | -- |
| Exercise | $.01 PV Com Stk | 11,500 | $81.35 | $936K |
| Tax Withholding | $.01 PV Com Stk | 2,801 | $81.35 | $228K |
| 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 | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
$.01 PV Com Stk — 38,577.822 shares (Direct);
Option — 6,560 shares (Direct);
$.01 PV CL B STK — 2,453 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 22, 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 James Mulato?
Astronics reported that James Mulato exercised 11,500 restricted stock units into 11,500 shares of $.01 par value common stock at $81.35 per share, with 2,801 shares withheld to satisfy tax obligations and 35,776.822 common shares held directly afterward.
How were taxes handled on James Mulato’s RSU vesting at Astronics (ATRO)?
Taxes were satisfied by Astronics Corp withholding 2,801 shares of common stock at $81.35 per share upon the vesting of restricted stock units. This tax-withholding disposition reduced the number of shares James Mulato retained but did not represent an open-market sale transaction.
What does each Astronics (ATRO) restricted stock unit represent for James Mulato?
Each restricted stock unit reported for James Mulato represents the right to receive one share of Astronics common stock at settlement. When these units vest, they convert into equivalent common shares, subject to any shares withheld by the company to cover exercise price or tax liabilities.
How are Astronics (ATRO) performance-based RSUs for James Mulato structured?
Certain restricted stock units for James Mulato vest based on Astronics’ average annual adjusted EBITDA over periods from 2023–2025, 2024–2026, 2025–2027, and 2026–2028. Between 50% and 150% of target units may vest on specified February 2026–2029 dates, depending on actual performance.
Which performance period RSUs for Astronics (ATRO) have already vested for James Mulato?
Restricted stock units tied to Astronics’ average annual adjusted EBITDA for the period January 1, 2023 through December 31, 2025 vested on February 23, 2026. The amount shown in the filing reflects 100% of the target number of restricted stock units for that performance period.