GUNDERMANN PETER J 4

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.