GUNDERMANN PETER J 4
4 · ASTRONICS CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Astronics (ATRO) CEO Peter Gundermann Receives Award of 12,150 RSUs
What Happened
Peter J. Gundermann, President, CEO and Director of Astronics Corp (ATRO), was granted 12,150 restricted stock units (RSUs) on February 19, 2026. The award is recorded at $0.00 per unit (derivative award); each RSU represents the right to receive one share of common stock at settlement if vesting conditions are met.
Key Details
- Transaction date: 2026-02-19; filing date: 2026-02-23 (filing appears timely).
- Grant: 12,150 RSUs, $0.00 per unit (derivative award).
- Shares owned after the transaction: not specified in the filing.
- Footnote summary:
- F1: Each RSU converts to one share at settlement.
- F2–F5: Vesting is performance-based tied to Astronics’ average annual adjusted EBITDA across multiple multi-year periods. The reported “target” number may vest at different percentages depending on actual performance:
- Tranche 1 (period 1/1/2023–12/31/2025): 75%–115% of target may vest on 2/23/2026.
- Tranche 2 (1/1/2024–12/31/2026): 50%–150% may vest on 2/23/2027.
- Tranche 3 (1/1/2025–12/31/2027): 50%–150% may vest on 2/27/2028.
- Tranche 4 (1/1/2026–12/31/2028): 50%–150% may vest on 2/19/2029.
- Transaction code: A (award/grant/acquisition of derivative securities).
Context
This is a compensation award (performance-based RSUs), not an open-market purchase or sale. The RSUs have no immediate cash cost or share transfer; shares are delivered only if performance targets are met and vesting occurs. Such awards are common executive pay structures and do not, by themselves, indicate a buy or sell signal.
Insider Transaction Report
Form 4
ASTRONICS CORPATRO
GUNDERMANN PETER J
DirectorPRESIDENT/CEO
Transactions
- Award
Restricted Stock Unit
[F1][F5]2026-02-19+12,150→ 12,150 total→ $.01 PV Com Stk (12,150 underlying)
Holdings
- 83,906.608
$.01 PV Com Stk
- 747,911
$.01 PV CL B STK
- 14,460
Option
Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV Com Stk (14,460 underlying) - 2,169
Option
Exercise: $31.76From: 2017-12-14Exp: 2026-12-14→ $.01 PV CL B STK (2,169 underlying) - 26,300
Option
Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV Com Stk (26,300 underlying) - 3,945
Option
Exercise: $35.61From: 2018-12-12Exp: 2027-12-12→ $.01 PV CL B STK (3,945 underlying) - 34,790
Option
Exercise: $31.57From: 2019-12-13Exp: 2028-12-13→ $.01 PV Com Stk (34,790 underlying) - 61,200
Option
Exercise: $30.04From: 2020-12-09Exp: 2029-12-09→ $.01 PV Com Stk (61,200 underlying) - 98,900
Option
Exercise: $14.45From: 2022-01-22Exp: 2031-01-22→ $.01 PV Com Stk (98,900 underlying) - 115,800
Option
Exercise: $11.13From: 2022-12-09Exp: 2031-12-09→ $.01 PV Com Stk (115,800 underlying) - 125,000
Option
Exercise: $9.74From: 2023-12-16Exp: 2032-12-16→ $.01 PV Com Stk (125,000 underlying) - 83,900
Option
Exercise: $15.15From: 2024-12-07Exp: 2033-12-07→ $.01 PV Com Stk (83,900 underlying) - 9,206
Restricted Stock Unit
[F1][F2]→ $.01 PV Com Stk (9,206 underlying) - 26,450
Restricted Stock Unit
[F1][F3]→ $.01 PV Com Stk (26,450 underlying) - 75,800
Option
Exercise: $16.55From: 2025-12-05Exp: 2034-12-05→ $.01 PV Com Stk (75,800 underlying) - 25,250
Restricted Stock Unit
[F1][F4]→ $.01 PV Com Stk (25,250 underlying) - 29,750
Option
Exercise: $51.72From: 2026-12-04Exp: 2035-12-04→ $.01 PV Com Stk (29,750 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, 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.
- [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 23, 2027, 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 PETER J. GUNDERMANN|2026-02-23