Astronics Corp (ATRO) aerospace EVP converts 10,850 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Astronics Corp executive Mark Peabody, Executive VP & President – Aerospace, exercised 10,850 restricted stock units on March 3, 2026, converting them into an equal number of shares of $.01 par value common stock at a transaction price of $81.35 per share.
2,642 common shares were disposed of in a code F transaction, with shares withheld by Astronics Corp to satisfy applicable withholding tax upon vesting of restricted stock units, leaving 62,382.73 common shares held directly after these transactions. Footnotes describe multiple restricted stock unit awards that depend on Astronics Corp.'s average annual adjusted EBITDA over performance periods from January 1, 2023 - December 31, 2028, where between 50% and 150% of the target number of units may vest on specified dates in 2027, 2028, and 2029, with one award reflecting 100% of the target number of units that vested on February 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,850 shares exercised/converted
Mixed
17 txns
Insider
PEABODY MARK
Role
Executive VP & Pres-Aerospace
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 10,850 | $0.00 | -- |
| Exercise | $.01 PV Com Stk | 10,850 | $81.35 | $883K |
| Tax Withholding | $.01 PV Com Stk | 2,642 | $81.35 | $215K |
| 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 | Restricted Stock Unit | -- | -- | -- |
| holding | $.01 PV CL B STK | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
$.01 PV Com Stk — 65,024.73 shares (Direct);
Option — 4,820 shares (Direct);
$.01 PV CL B STK — 183,445 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 Corp (ATRO) report for Mark Peabody?
Astronics Corp reported that Executive VP & President – Aerospace Mark Peabody exercised 10,850 restricted stock units into common shares at a transaction price of $81.35 per share, and 2,642 common shares were withheld to cover applicable tax withholding obligations upon vesting.
How do Astronics Corp (ATRO) performance-based restricted stock units vest for Mark Peabody?
Several restricted stock unit awards vest based on Astronics Corp.'s average annual adjusted EBITDA over multi-year periods, with between 50% and 150% of the target number of units potentially vesting on specified dates in 2027, 2028, and 2029, depending on actual performance outcomes.
What performance period RSUs for Astronics Corp (ATRO) have already vested for Mark Peabody?
One restricted stock unit award tied to Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2023 - December 31, 2025 is reported as having 100% of the target number of units vest on February 23, 2026, according to the footnote disclosure.
What future vesting dates are disclosed for Astronics Corp (ATRO) RSUs held by Mark Peabody?
Footnotes state that between 50% and 150% of target restricted stock units may vest on February 22, 2027, February 27, 2028, and February 19, 2029, with vesting percentages determined by Astronics Corp.'s average annual adjusted EBITDA over specified three-year performance periods.