Form 4: Astronics Corp Executive Nancy L. Hedges Reports Stock Transactions

Nancy L. Hedges, Principal Accounting Officer of Astronics Corp, reports acquisition and disposal of common stock and vesting of restricted stock units.

Summary

• On March 18, 2025, Nancy L. Hedges, Principal Accounting Officer of Astronics Corp, reported transactions involving Astronics Corp stock.
• Hedges acquired 5,500 shares of common stock at a price of $24.91.
• 2,770 shares were withheld by Astronics Corp to satisfy withholding tax upon vesting of restricted stock units.
• Hedges directly owns 26,708.975 shares of $.01 PV Com Stk, and 607 shares of $.01 PV CL B STK after the reported transactions.
• Hedges also holds options to acquire 1,400 shares of $.01 PV Com Stk and 452 shares of $.01 PV CL B STK, exercisable at $27.72, expiring on December 3, 2025.
• Additionally, Hedges holds options to acquire 1,520 shares of $.01 PV Com Stk and 228 shares of $.01 PV CL B STK, exercisable at $31.76, expiring on December 14, 2026.
• Hedges also holds multiple restricted stock unit grants, with vesting dependent on Astronics Corp's adjusted EBITDA performance or scheduled to vest on specific dates.
• 5,500 restricted stock units vested on February 24, 2025.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The acquisition of shares by an officer is mildly positive, but the withholding of shares for taxes is neutral.

Positives

• The vesting of restricted stock units and acquisition of shares by a company officer can be seen as a positive sign of confidence in the company's future performance.

Risks

• The vesting of a portion of the restricted stock units is contingent upon the company's adjusted EBITDA performance, which introduces uncertainty.

Future Outlook

The vesting of restricted stock units is tied to the company's future adjusted EBITDA performance, indicating a performance-based incentive structure.

Industry Context

Executive stock transactions are common in publicly traded companies and are often monitored by investors for insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the officer's stock acquisition.

Key Dates

Keywords

Astronics Corp, Nancy L. Hedges, stock transaction, Form 4, restricted stock units, options, beneficial ownership, ATRO