Mulato James 4
4 · ASTRONICS CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Astronics (ATRO) President James Mulato Receives Restricted Stock Award
What Happened
- James Mulato, President of Astronics Test Systems, received an award of 7,675 restricted stock units (RSUs) on February 19, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (code A). Each RSU represents the right to receive one share of common stock upon settlement.
- This was a non-cash equity award (not an open-market purchase or sale). The Form 4 shows acquisition of the RSUs but not an immediate transfer of share ownership or cash value.
Key Details
- Transaction date and filing: Award dated 2026-02-19; Form 4 filed 2026-02-23 (filed within required business-timeframe).
- Reported amount: 7,675 RSUs acquired at $0.00 (derivative grant). The Form 4 lists the units, not a dollar value for settled shares.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Each RSU equals one share at settlement.
- F2–F5: Vesting is performance-based tied to Astronics’ average annual adjusted EBITDA over various multi-year periods; vesting percentages can vary (examples in the filing include ranges such as 50%–150% or 75%–115%) with settlement dates ranging from Feb 23, 2026 through Feb 19, 2029 depending on the award.
- Transaction type: A = Award/Grant of derivative securities (RSUs).
Context
- These RSUs are contingent on future performance metrics (adjusted EBITDA) and have variable vesting outcomes; they do not represent immediately tradable shares.
- Non-cash equity grants are common as part of executive/manager compensation and do not by themselves signal immediate insider buying or selling.
Insider Transaction Report
Form 4
ASTRONICS CORPATRO
Mulato James
Other
Transactions
- Award
Restricted Stock Unit
[F1][F5]2026-02-19+7,675→ 7,675 total→ $.01 PV Com Stk (7,675 underlying)
Holdings
- 27,077.822
$.01 PV Com Stk
- 2,453
$.01 PV CL B STK
- 6,560
Option
Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV Com Stk (6,560 underlying) - 984
Option
Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV CL B STK (984 underlying) - 7,950
Option
Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV Com Stk (7,950 underlying) - 1,193
Option
Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV CL B STK (1,193 underlying) - 11,570
Option
Exercise: $31.57From: 2019-12-13Exp: 2028-12-13→ $.01 PV Com Stk (11,570 underlying) - 18,150
Option
Exercise: $30.04From: 2020-12-09Exp: 2029-12-09→ $.01 PV Com Stk (18,150 underlying) - 27,000
Option
Exercise: $14.45From: 2022-01-22Exp: 2031-01-22→ $.01 PV Com Stk (27,000 underlying) - 32,700
Option
Exercise: $11.13From: 2022-12-09Exp: 2031-12-09→ $.01 PV Com Stk (32,700 underlying) - 35,600
Option
Exercise: $9.74From: 2023-12-16Exp: 2032-12-16→ $.01 PV Com Stk (35,600 underlying) - 8,300
Option
Exercise: $15.15From: 2024-12-07Exp: 2033-12-07→ $.01 PV Com Stk (8,300 underlying) - 18,550
Restricted Stock Unit
[F1][F2]→ $.01 PV Com Stk (18,550 underlying) - 11,500
Restricted Stock Unit
[F1][F3]→ $.01 PV Com Stk (11,500 underlying) - 17,700
Restricted Stock Unit
[F1][F4]→ $.01 PV Com Stk (17,700 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period January 1, 2026- December 31, 2028. The "target" number of restricted stock units is reported. Between 50% and 150% of the target number of units may vest on February 19, 2029, with the vesting percentage determined based on actual performance.
Signature
/s/Julie Davis, as Power of Attorney for James Mulato|2026-02-23