SCHEDULE 13G/A: Patricia Dowden Files Amended Schedule 13G for Astronics Corporation Class B Stock, Reporting 0.0% Beneficial Ownership
Beneficial Ownership Report
Patricia Dowden has filed an amended Schedule 13G, reporting a 0.0% beneficial ownership in Astronics Corporation's Class B Common Stock as of December 31, 2024.
Summary
- Patricia Dowden filed an Amendment No. 1 to Schedule 13G regarding her beneficial ownership of Astronics Corporation's Class B Common Stock.
- As of December 31, 2024, Patricia Dowden beneficially owns 2,281 shares of Class B Common Stock.
- This ownership represents 0.0% of the outstanding Class B Common Stock.
- The percentage is calculated based on 5,129,079 shares of Class B Common Stock outstanding.
- This outstanding share count reflects a reduction of 448,200 shares of Class B Common Stock that Patricia Dowden converted into Class A Common Stock on December 9, 2024.
- The previous outstanding Class B Common Stock count was 5,577,279 shares as of November 1, 2024, as reported in the Company's Form 10-Q filed on November 7, 2024.
- The filing states that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing about beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the company's performance or outlook. It is neutral.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership, common in the financial industry for transparency regarding significant shareholder positions. It does not provide insights into broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides updated information on the beneficial ownership of Class B Common Stock by a specific individual, which is relevant for understanding the shareholder base, though the reported 0.0% ownership is not significant.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date as of which 5,577,279 shares of Class B Common Stock were outstanding, as reported in the Company's Quarterly Report on Form 10-Q. |
| 2024-11-07 | Date Astronics Corporation's Quarterly Report on Form 10-Q for the period ended September 28, 2024, was filed with the SEC. |
| 2024-12-09 | Date Patricia Dowden converted 448,200 shares of Class B Common Stock into Class A Common Stock. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-01-07 | Date the Schedule 13G/A statement was signed by Patricia Dowden. |
Keywords
Astronics Corporation, Class B Common Stock, Schedule 13G, Beneficial Ownership, SEC Filing, Patricia Dowden, Stock Conversion
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