Form 4: Astronics Corp Director Robert Keane Reports Stock Sales and Holdings
SEC Form 4 Filing
Director Robert Keane reported the sale of Astronics Corp stock and disclosed holdings including common stock and restricted stock units.
Summary
- Robert S Keane, a director of Astronics Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2024, he sold 32,594 shares of common stock at $19.09 per share.
- On March 4, 2024, he sold 1,074 shares at $19.08 per share and 1,859 shares at $19.09 per share.
- Following these transactions, Keane directly owns 26,041 shares of common stock.
- He also indirectly owns shares through the EAK & KRK Trust U/A/D 10-15-97 FBO Elizabeth A. Keane and Boston & Saranac LLC.
- Keane also holds 6,346 restricted stock units, which vest on August 22, 2024, and represent the right to receive one share of common stock each.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies.
Stakeholder Impact
- The stock sales by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, but it could also be a routine portfolio diversification strategy.
Key Dates
| Date | Description |
|---|---|
| 10-15-97 | Date of the EAK & KRK Trust U/A/D |
| 03/01/2024 | Date of stock sale transaction |
| 03/04/2024 | Date of stock sale transaction |
| 03/05/2024 | Date of signature on the Form 4 |
| 08/22/2024 | Vesting date for restricted stock units |
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