09/11/2025 | Press release | Distributed by Public on 09/11/2025 14:12
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | $27.72 | 12/03/2016 | 12/03/2025 | $.01 PV Com Stk | 4,300 | 4,300 | D | ||||||||
Option | $27.72 | 12/03/2016 | 12/03/2025 | $.01 PV CL B STK | 1,387 | 1,387 | D | ||||||||
Option | $31.76 | 12/14/2017 | 12/14/2026 | $.01 PV Com Stk | 6,560 | 6,560 | D | ||||||||
Option | $31.76 | 12/14/2017 | 12/14/2026 | $.01 PV CL B STK | 984 | 984 | D | ||||||||
Option | $35.61 | 12/12/2018 | 12/12/2027 | $.01 PV Com Stk | 7,950 | 7,950 | D | ||||||||
Option | $35.61 | 12/12/2018 | 12/12/2027 | $.01 PV CL B STK | 1,193 | 1,193 | D | ||||||||
Option | $31.57 | 12/13/2019 | 12/13/2028 | $.01 PV Com Stk | 11,570 | 11,570 | D | ||||||||
Option | $30.04 | 12/09/2020 | 12/09/2029 | $.01 PV Com Stk | 18,150 | 18,150 | D | ||||||||
Option | $14.45 | 01/22/2022 | 01/22/2031 | $.01 PV Com Stk | 27,000 | 27,000 | D | ||||||||
Option | $11.13 | 12/09/2022 | 12/09/2031 | $.01 PV Com Stk | 32,700 | 32,700 | D | ||||||||
Option | $9.74 | 12/16/2023 | 12/16/2032 | $.01 PV Com Stk | 35,600 | 35,600 | D | ||||||||
Option | $15.15 | 12/07/2024 | 12/07/2033 | $.01 PV Com Stk | 8,300 | 8,300 | D | ||||||||
Restricted Stock Unit | (3) | (4) | (4) | $.01 PV Com Stk | 18,550 | 18,550 | D | ||||||||
Restricted Stock Unit | (3) | (5) | (5) | $.01 PV Com Stk | 11,500 | 11,500 | D | ||||||||
Restricted Stock Unit | (3) | (6) | (6) | $.01 PV Com Stk | 17,700 | 17,700 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mulato James 130 COMMERCE WAY EAST AURORA, NY 14052 |
Pres Astronics Test Systems |
/s/Julie Davis, as Power of Attorney for James Mulato | 09/12/2025 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents shares held in a 401(k) account of Mr. Mulato and disposed of pursuant to a qualified domestic relations order. |
(2) | Shares transferred to former spouse of Mr. Mulato in connection with a divorce settlement. The reporting person no longer has a reportable beneficial interest in 100 shares of common stock and 32 shares of Class B stock owned by the former spouse of the reporting person and previously included in the prior ownership reports of the reporting person. |
(3) | Each restricted stock unit represents the right to receive, at settlement, one share of common stock. |
(4) | 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. |
(5) | 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 "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on February 23, 2026, with the vesting percentage determined based on actual performance. |
(6) | 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. |