Form 4: Astronics Corp CEO Peter Gundermann Reports Stock Transactions
SEC Form 4
Astronics Corp's CEO, Peter Gundermann, reports acquisition and disposal of company stock and vesting of restricted stock units.
Summary
- Peter J. Gundermann, the President and CEO of Astronics Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 18, 2025, Gundermann acquired 11,063 shares of $.01 PV Com Stk and disposed of 4,133 shares to cover withholding taxes at a price of $24.91.
- Following these transactions, Gundermann directly owns 79,116.608 shares of $.01 PV Com Stk and 743,493 shares of $.01 PV CL B STK.
- The report also details Gundermann's ownership of various stock options with exercise prices ranging from $9.74 to $35.61 and expiration dates between 2025 and 2034.
- He also holds restricted stock units (RSUs) that vest based on Astronics Corp's average annual adjusted EBITDA over different three-year periods.
- The vesting percentages for these RSUs can range from 50% to 150% of the target number of units, depending on actual performance.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The vesting of restricted stock units in the future is dependent on the company's EBITDA performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CEO's ongoing investment in the company.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the CEO's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 12/03/2016 | Date of options exercisable, expiring 12/03/2025 |
| 12/14/2017 | Date of options exercisable, expiring 12/14/2026 |
| 12/12/2018 | Date of options exercisable, expiring 12/12/2027 |
| 12/13/2019 | Date of options exercisable, expiring 12/13/2028 |
| 12/09/2020 | Date of options exercisable, expiring 12/09/2029 |
| 01/22/2022 | Date of options exercisable, expiring 01/22/2031 |
| 12/09/2022 | Date of options exercisable, expiring 12/09/2031 |
| 01/01/2023 | Start date for EBITDA performance period for RSU vesting |
| 12/16/2023 | Date of options exercisable, expiring 12/16/2032 |
| 01/01/2024 | Start date for EBITDA performance period for RSU vesting |
| 12/07/2024 | Date of options exercisable, expiring 12/07/2033 |
| 01/01/2025 | Start date for EBITDA performance period for RSU vesting |
| 02/24/2025 | Date of vesting for restricted stock units based on 2022-2024 EBITDA performance. |
| 03/18/2025 | Date of stock acquisition and disposal. |
| 03/20/2025 | Date of report. |
| 12/05/2025 | Date of options exercisable, expiring 12/05/2034 |
| 12/31/2025 | End date for EBITDA performance period for RSU vesting |
| 02/23/2026 | Potential vesting date for restricted stock units based on 2023-2025 EBITDA performance. |
| 12/31/2026 | End date for EBITDA performance period for RSU vesting |
| 02/23/2027 | Potential vesting date for restricted stock units based on 2024-2026 EBITDA performance. |
| 12/31/2027 | End date for EBITDA performance period for RSU vesting |
| 02/27/2028 | Potential vesting date for restricted stock units based on 2025-2027 EBITDA performance. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, EBITDA, ASTRONICS CORP, ATRO, Gundermann, Insider Trading
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