PEABODY MARK 4

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.