BRADY ROBERT T 4

What Happened

• Robert T. Brady, a director of Astronics Corp (ATRO), exercised stock options on 2026-02-26 to acquire 5,290 shares (4,000 + 1,290) at an exercise price of $22.93 per share, costing approximately $121,300 in total.
• To satisfy tax withholding, 1,539 shares were surrendered/withheld by the company at a reported market value of $78.84 per share (total ~$121,335). The filing also reports related derivative conversion/disposition entries for the exercised options.
• Net effect: Brady received 5,290 shares through exercise and had 1,539 shares withheld for taxes, resulting in a net increase of 3,751 shares beneficially owned.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-03-02 (timely — filed within the required period).
• Exercise details: 4,000 shares @ $22.93 = $91,720; 1,290 shares @ $22.93 = $29,580; total exercise cost ~$121,300.
• Tax withholding: 1,539 shares withheld @ $78.84 = $121,335 (footnote: shares withheld by Astronics to satisfy tax liability).
• Reported derivative entries: the filing also lists the exercised options/derivatives as disposed at $22.63 for the same share counts (these are technical entries related to option conversion).
• Shares owned after the transaction: not specified in the information provided in this summary.

Context

• This was an option exercise (transaction code M) with tax withholding (code F). The withholding indicates a cashless element for covering taxes — shares were surrendered rather than a separate open-market sale.
• Such exercises are common for insiders realizing vested option value and do not by themselves indicate a buy or sell opinion on the stock.