Hedges Nancy L 4
4 · ASTRONICS CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Astronics (ATRO) Principal Accounting Officer Nancy Hedges Receives Award
What Happened
- Nancy L. Hedges, Principal Accounting Officer of Astronics Corporation (ATRO), was granted 12,150 restricted stock units (RSUs) on February 19, 2026. The award is reported at $0.00 per share because these are derivative awards (not an open-market purchase or sale) and will convert to common stock only upon vesting/settlement.
Key Details
- Transaction type: Award/Grant (code A) of RSUs (derivative).
- Date of grant: February 19, 2026; reported on Form 4 filed February 23, 2026 (filed within the Form 4 deadline).
- Quantity: 12,150 RSUs; reported acquisition price $0.00 (no cash paid).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes of note:
- F1: Each RSU represents the right to receive one share of common stock at settlement.
- F5: Vesting for this award depends on Astronics’ average annual adjusted EBITDA for Jan 1, 2026–Dec 31, 2028. The “target” number of units is reported; between 50% and 150% of target may vest on Feb 19, 2029 based on performance.
- Filing timeliness: Form 4 was filed within the required reporting window (filed two business days after the transaction date).
Context
- This grant is a deferred/contingent compensation award, not an immediate purchase of shares. The RSUs only convert into actual common stock if and when they vest per the terms above.
- Performance-based RSUs (like these) link payout to company metrics (adjusted EBITDA); final shares received may be adjusted between 50%–150% of the target depending on results.
Insider Transaction Report
Form 4
ASTRONICS CORPATRO
Hedges Nancy L
Principal Accounting Officer
Transactions
- Award
Restricted Stock Unit
[F1][F5]2026-02-19+12,150→ 12,150 total→ $.01 PV Com Stk (12,150 underlying)
Holdings
- 28,819.975
$.01 PV Com Stk
- 1,287
$.01 PV CL B STK
- 17,700
Restricted Stock Unit
[F1][F2]→ $.01 PV Com Stk (17,700 underlying) - 5,024
Restricted Stock Unit
[F1][F3]→ $.01 PV Com Stk (5,024 underlying) - 5,050
Restricted Stock Unit
[F1][F4]→ $.01 PV Com Stk (5,050 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, 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.
- [F3]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.
- [F4]These restricted stock units are scheduled to vest 100% on February 23, 2026.
- [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 Nancy L. Hedges|2026-02-23