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ASTRONICS CORP·4

Feb 23, 4:07 PM ET

PEABODY MARK 4

4 · ASTRONICS CORP · Filed Feb 23, 2026

Research Summary

AI-generated summary of this filing

Updated

Astronics (ATRO) EVP Mark Peabody Receives 7,675-Unit Award

What Happened

  • Mark Peabody, Executive Vice President & President—Aerospace at Astronics Corp. (ATRO), was granted 7,675 restricted stock units (RSUs) on Feb 19, 2026. The grant is reported as a derivative acquisition (code A) at $0.00 per unit — no cash was paid at grant. This is an award (compensation), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-02-19; Report filed: 2026-02-23 (appears timely).
  • Amount: 7,675 RSUs; Reported price: $0.00 (no cash exchanged at grant).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: Each RSU represents the right to receive one share at settlement.
    • F3: These RSUs vest based on Astronics’ average annual adjusted EBITDA for Jan 1, 2023–Dec 31, 2025; the target number is reported and between 75% and 115% of target may vest on Feb 23, 2026 depending on performance.
    • The filing also includes footnotes (F2, F4, F5) describing other performance-based RSU schedules tied to different multi-year EBITDA periods (2024–26, 2025–27, 2026–28).
  • Filing timeliness: Filed four days after the grant (Feb 19 → Feb 23); within the typical Form 4 reporting window.

Context

  • RSUs are a form of equity compensation that convert to shares only if and when vesting conditions are met; because these are performance-based RSUs, the actual number of shares that vest may be adjusted within disclosed ranges based on adjusted EBITDA results.
  • This award is a compensation event and does not represent an immediate market purchase or sale by the insider. Such grants are common and reflect incentive-based pay rather than direct signals to buy or sell shares.

Insider Transaction Report

Form 4
Period: 2026-02-19
ASTRONICS CORPATRO
PEABODY MARK
Executive VP & Pres-Aerospace
Transactions
  • Award

    Restricted Stock Unit

    [F1][F5]
    2026-02-19+7,675→ 7,675 total
    → $.01 PV Com Stk (7,675 underlying)
Holdings

  • $.01 PV CL B STK

    183,445

  • $.01 PV Com Stk

    54,174.73

  • Option

    Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV Com Stk (4,820 underlying)
    4,820

  • Option

    Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV CL B STK (723 underlying)
    723

  • Option

    Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV Com Stk (7,010 underlying)
    7,010

  • Option

    Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV CL B STK (1,052 underlying)
    1,052

  • Option

    Exercise: $31.57From: 2019-12-13Exp: 2028-12-13→ $.01 PV Com Stk (9,280 underlying)
    9,280

  • Option

    Exercise: $30.04From: 2020-12-09Exp: 2029-12-09→ $.01 PV Com Stk (13,600 underlying)
    13,600

  • Option

    Exercise: $14.45From: 2022-01-22Exp: 2031-01-22→ $.01 PV Com Stk (20,250 underlying)
    20,250

  • Option

    Exercise: $11.13From: 2022-12-09Exp: 2031-12-09→ $.01 PV Com Stk (24,500 underlying)
    24,500

  • Option

    Exercise: $9.74From: 2023-12-16Exp: 2032-12-16→ $.01 PV Com Stk (26,700 underlying)
    26,700

  • Restricted Stock Unit

    [F1][F2]
    → $.01 PV Com Stk (15,900 underlying)
    15,900

  • Restricted Stock Unit

    [F1][F3]
    → $.01 PV Com Stk (10,850 underlying)
    10,850

  • Option

    Exercise: $15.15From: 2024-12-07Exp: 2033-12-07→ $.01 PV Com Stk (8,300 underlying)
    8,300

  • Restricted Stock Unit

    [F1][F4]
    → $.01 PV Com Stk (15,150 underlying)
    15,150
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 Mark Peabody|2026-02-23

Documents

1 file
  • 4
    wk-form4_1771880837.xmlPrimary

    FORM 4